Shares in Japan fell to a two-and-a-half month low on Friday, following a fall in US stocks and the yen gaining strength against the dollar.
In Tokyo, the benchmark Nikkei 225 traded down nearly 3% at one stage to 16,592.57 points, its lowest since 31 October.
The index finished the day 1.4% lower at 16,864.16 points.
Losses in the US came after the Swiss National Bank moved to scrap its exchange rate cap with the euro.
The move sent the value of the Swiss franc soaring, which put pressure on the euro, and helped the dollar reach a fresh one-month low of 115.90 yen.
When the yen gains strength against the dollar, Japan’s investors worry because it can make exports more expensive.
In Hong Kong, the benchmark Hang Seng index followed suit and finished down 1% at 24,103.52 points.