Japan’s benchmark Nikkei 225 added 0.5% to finish at 35,039.15. Australia’s S&P/ASX 200 rose 0.6% to 7,968.20. South Korea’s Kospi lost 0.1% to 2,522.33. Hong Kong’s Hang Seng declined 0.7% to 21,909.76, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,297.29.

Calling Trump's policy announcements “headline turbulence,” Tan Jing Yi of the Asia & Oceania Treasury Department at Mizuho Bank warned that global economies could be hurt in the long run, adding, “Sentiments swing from hopes of intense relief to inflicted economic gloom.

Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war.