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.

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

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.

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.

Asia-Pacific markets trade mostly in green, driven primarily by Chinese equities, following a series of stimulus measures from the Chinese central bank to boost the faltering economy..

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