Industrial profit data will be released from China on Friday, and Japan will release September inflation data from the capital city of Tokyo.

Asia-Pacific markets trade higher on Thursday, fueled by renewed optimism regarding China's recent stimulus initiatives, further enhanced by reports of a potential capital infusion into its biggest state banks to increase their capacity to support the weak economy.

Hong Kong's Hang Seng index extended its rally and climbed 2.6% on the back of stimulus measures from China. Australia's consumer price index posted a 2.7% rise year on year in August, in line with expectations from economists polled by Reuters and easing from the 3.

European stocks are expected to open in positive territory Thursday, spurred on by gains in Asia-Pacific markets overnight.

The move from Avolta takes advantage of a slow market in China and its impact on Hong Kong where Free Duty is based. It will add an estimated $300 million revenue in FY2024.

Investors in Asia will look toward Australia’s inflation rate for August, which is expected to ease to 2.7% from 3.5%.

Shares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading

Mainland China's CSI 300 extended a five-day winning streak, hitting its highest levels in almost two months after Beijing rolled out a slate of economic stimulus measures on Tuesday. South Korea's Kospi jumped 1.