Two university students were the target of a racist attack by two strangers in the Melbourne CBD on Wednesday.

Victoria Police say the two international students from China were walking along Elizabeth Street about 5.30pm when they were assaulted.

Watch the video above

A video, which was circulated online, shows the pair kicking and punching the students before a bystander steps in.

The victims sustained minor injuries and reported the incident to police, who are now investigating it as a racist attack.

Play Video Police are hunting two women over racist attack Police are hunting two women over racist attack

Melbourne Lord Mayor Sally Capp said she was “appalled” by the “disgraceful attack”.

“The violence displayed is completely unacceptable. It does not reflect the values that Melburnians stand for or the behaviour we expect in our city,” she wrote in the tweet.

“Melbourne is a caring and inclusive city that welcomes people from all over the world to live and study here.

“During the COVID-19 pandemic it is more important than ever to stick together and lend a hand to those who need it.”

‘Disgusting’

University of Melbourne’s Vice-Chancellor Duncan Maskell said the attack was “disgusting” and “unprovoked”.

“There is no place for violence in a modern, future-facing society like Australia,” he said in a statement.

File image of the University of Melbourne. Credit: University of Melbourne / Facebook

“These senseless and vicious attacks on two young women must never be tolerated in our community.

“The people who did this are a disgrace.”

Maskell said the university is providing assistance to the students.

Investigation

Investigators are now working to identify two women that may be able to assist with their inquiries.

Both women are described as Caucasian in appearance, about 20 years old with a skinny build.

Investigators are working to identify two women that may be able to assist with their inquiries. Credit: Victoria Police

One of the women was wearing a dark top with a light-coloured skirt while the other was wearing a pink jacket.

A man - who was not involved in the assault - also stole one of the victim’s AirPods.

More on 7NEWS.com.au

He is described as Caucasian in appearance, with a solid build, and was wearing a black puffer jacket and a black backpack.

Any witnesses are urged to contact Crime Stoppers on 1800 333 000 or online.