China
Chinese stock markets closed higher on the first trading Day in December, ending a slump on the previous trading day.
The rally came after the country's central bank announced Wednesday it would cut bank's reserves requirement ratio by 50 basis points effective on Dec. 5.
The benchmark Shanghai Composite Index rose 2.29 percent, or 53.45 points, to close at 2,386.86.
The Shenzhen Component Index gained 2.32 percent, or 224.48 points to finish at 9,917.86.
Japan
Tokyo stocks closed sharply higher Thursday with the key Nikkei index jumping 1.93 percent on central banks' coordinated credit-easing, which was announced last night.
The benchmark Nikkei 225 Average advanced 162.77 points from Wednesday at 8,597.38, marking the highest closing since Nov. 14.
The broader Topix index expanded 1.55 points, or 1.59 percent, to 740.01.
Australia
Australian shares have risen for a fourth consecutive day, posting strong gains after co-ordinated action from global central banks to lower borrowing costs sent global equity markets soaring.
The benchmark S&P/ASX200 index was up 108.8 points, or 2.64 per cent, at 4,228.6.
The broader All Ordinaries index was 103.3 points, or 2.47 per cent, stronger at 4,288.
