In Seoul, the Kospi tacked on 0.22 percent as Samsung Electronics bounced 0.85 percent, reversing losses seen in the last session. Rival chipmaker SK Hynix saw steeper gains, climbing 2.7 percent in the morning. Lotte Shopping fell 1.27 percent as other retail sector stocks traded mixed.
The Bank of Korea on Thursday held interest rates steady at 1.5 percent, as was mostly expected. The central bank was seen as likely to stand on the sidelines due to tighter monetary conditions driven by strength in the Korean won, Trinh Nguyen, senior economist at Natixis, said in a Wednesday note.
Over in Sydney, the S&P/ASX 200 traded higher by 0.07 percent, with gains driven by the heavily-weighted financials sector. Australia’s “Big Four” banks all traded higher on the day: Westpac climbed 1.31 percent and ANZ rose 0.78 percent.
Energy-related plays and junior miners were mostly in negative territory.
The positive sentiment also carried over to greater China markets. Hong Kong’s Hang Seng Index rose 0.63 percent after recording its second straight record close in the last session. Financials were higher in the morning, with HSBC rising 0.76 percent and China Construction Bank advancing 1.34 percent.
On the mainland, the Shanghai composite rose 0.58 percent and the Shenzhen composite tacked on 0.11 percent as banks extended gains seen in the last session.
On the corporate earnings front, Taiwan’s TSMC is slated to announce results on Thursday.
U.S. stocks closed higher, with the Dow Jones industrial average advancing 322.79 points to finish above the 26,000 level for the first time.
Other major stock indexes stateside also saw gains after the release of expectation-topping earnings from several U.S. corporates. U.S. investors also awaited developments related to a potential government shutdown should Congress fail to pass a funding bill by Friday.
Source : CNBC