Other top losers included defense giant Hanwha Aerospace, which declined 7.33%. The small-cap Kosdaq was down 3.57% to 1,108.41.<\/p>\n
Japan’s Nikkei 225<\/a> was down 0.88%, closing at 53,818.04 and retreating from a record high. Investment firm SoftBank Group Corp<\/a> declined over 7% after chip designer Arm’s fiscal third quarter licensing sales missed estimates. <\/p>\n However, Japanese electronics manufacturer Panasonic jumped 8.41%, even as the company reported worse revenue and net profit numbers<\/a> for its fiscal third quarter ended December. <\/p>\n Adjusted operating profit, however increased to 159.1 billion yen ($1.03 billion), a 5.59% gain from the same period a year before. The adjusted operating profit strips out restructuring costs of 129.3 billion yen. <\/p>\n Stock Chart IconStock chart icon The broad-based Topix reversed gains after being the only index in positive territory earlier, falling marginally to 3,652.41 and also coming off a record high.<\/p>\n Hong Kong’s Hang Seng index<\/a> slumped 0.22%, and the mainland Chinese CSI 300 was down 0.56%. Both indexes were dragged by basic materials stocks. <\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> was down 0.43%, closing at 8,889.2.<\/p>\n Overnight in the U.S., the\u00a0S&P 500<\/a> slid 0.51% for back to back losses, while the\u00a0Dow Jones Industrial Average<\/a>\u00a0added 0.53%, and the\u00a0Nasdaq Composite<\/a>\u00a0dropped 1.51%.<\/p>\n Notably, Advanced Micro Devices<\/a> plunged 17% after its\u00a0first-quarter forecast<\/a>\u00a0underwhelmed some analysts.\u00a0Broadcom and Micron Technology also suffered major losses, falling about down 3.8%, while the latter fell 9.5%.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
<\/p>\n