Asian markets ended in red on Wednesday, as the collapse of oil prices and fresh worries that a new banking crisis could erupt in a fragile global economy added to the risk-off mood. Shares fell across the region despite oil prices seeking some rebound from overnight losses on news that Iran is ready to talk with Saudi Arabia over the current conditions in international oil markets. Japanese shares hit a 15-month low as the dollar slid from the lower 115 yen range to the mid-114 yen zone on concerns over global market volatility and worries over financial institutions in Europe and the US. The markets in South Korea, Taiwan, China and Hong Kong remain closed for the Lunar New Year holiday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | - | - | - |
| Hang Seng | - | - | - |
| Jakarta Composite | 4,732.48 | -36.14 | -0.76 |
| KLSE Composite | 1,644.41 | -18.05 | -1.09 |
| Nikkei 225 | 15,713.39 | -372.05 | -2.31 |
| Straits Times | 2,582.10 | -41.11 | -1.57 |
| KOSPI Composite | - | - | - |
| Taiwan Weighted | - | - | - |