Renewed optimism in mainland China's markets led to a notable rebound, which traders attribute to anticipated stimulus measures from the government aimed at boosting the economy.
The SSE Composite index rose by 1.32% and Hong Kong's Hang Seng gained 2.98%, fueled by Beijing's imminent announcement of stimulus measures on Saturday.
Despite a slight rise of 0.26% in Japan's Nikkei 225, traders are closely monitoring producer prices which exceeded expectations, creating a cautious market atmosphere.
European markets showed slight declines as investors awaited U.S. inflation data, but shares of GSK surged over 5% due to a significant court settlement.
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