Chinese stocks gained by the afternoon. The Shanghai composite added 0.33%, while the Shenzhen component rose 0.4% and the Shenzhen composite advanced 0.372%. Hong Kong’s Hang Seng index also jumped 1.19%.
The Nikkei 225 rose 0.47% in afternoon trade, while the Topix gained 0.52%. Shares of game maker Nintendo jumped more than 3.5% a day after the company announced a cheaper version of its Switch video game console.
In South Korea, the Kospi added 1.18%.
Relations between Tokyo and Seoul remain frosty, with Japan saying last week it would tighten restrictions on exports of three materials used in smartphone displays and chips, over a dispute with Seoul on South Koreans being forced to work for Japanese firms during World War Two.
On Thursday, South Korea announced that up to 300 billion won (approx. $256 million) would be set aside to cope with Japan’s export curbs.
Shares of companies potentially affected by the export curbs, such as Samsung Electronics and SK Hynix, rose 2.09% and 2.88% respectively on Thursday afternoon.
Australia’s S&P/ASX 200 rose 0.47% higher, as the sectors traded higher. Banks are under the spotlight, with Australia’s corporate regulator threatening on Thursday to prosecute some of the country’s largest lenders over their sales of consumer insurance products in the past decade.
Overall, the MSCI Asia-ex Japan index added more than 0.9%.