Traders in Asia also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from Bank of Japan and People's Bank of China.

Blackstone Inc., one of the largest asset managers in the world, sees Asia as a “growth engine,” according to Amit Dixit, the firm’s head of private equity for the region.

The Asia-Pacific equity markets were higher on Thursday as investors reacted to the latest Federal Reserve monetary policy decision. The Fed delivered an aggressive half percentage point rate cut on Wednesday for its first-rate reduction in four years.