Japan's Nikkei slid to a one-week low on Thursday morning with chip-related stocks leading the decline in step with U.S. counterparts, while Mizuho Financial Group underperformed after it sharply cut its annual profit outlook.
The Nikkei share average dropped 0.7 percent to 21,440.50 at the midday break, after hitting as low as 21,416.94, the lowest level since Feb. 28. The benchmark index will find support at its 25-day moving average of 21,212, analysts said.
The broader Topix dropped 0.8 percent to 1,601.73.
Source : Reuters