Major stock indices in the Asia-Pacific region traded mostly higher on Thursday, with Australian and Hong Kong markets closed for the day. Investors digested South Korea's Democratic Party's impeachment motion against Prime Minister Han Duck-soo, filed today.

On Wednesday, Japan's Cabinet Office revised its 2024 GDP growth forecast downward to 0.4%, citing economic uncertainties. Bank of Japan Governor Kazuo Ueda emphasized a cautious approach to monetary policy, highlighting the importance of monitoring economic and financial trends.

Japan's Nikkei 225 climbed 0.89% at 7:21 am CET. In mainland China, the Shanghai Composite traded 0.14% higher while the Shenzhen Composite went 0.90% up at the same time. South Korea's Kospi lost 0.37%. The dollar traded flat against the yen at 7:21 am CET, selling for 157.3630.