The majority of Asia-Pacific markets experience growth due to optimism surrounding China's stimulus, with Hong Kong predicted to increase by 3%.

• On Friday, China will release its industrial profit data while Tokyo will release its September inflation data from the capital city.
• The inflation rate in Tokyo for September decreased to 2.2% from 2.6%, and core inflation remained as expected at 2%.
• Tokyo's inflation rate is widely considered a leading indicator of nationwide trends.

Beijing's stimulus measures aimed at boosting the economy are likely to cause Chinese stocks to cap off a week of gains in Asia-Pacific markets, which mostly rose on Friday.

The release of China's industrial profit data for the year-to-date through August will be made public later in the day. However, investors will have to wait for the next batch of data to evaluate the impact of Tuesday's stimulus measures.

If the futures data is accurate, the HSI will experience a more than 3% increase at open, with a last close of 19,924.58 and a future value of 20,575.

Tokyo's inflation numbers for September were evaluated by investors as a leading indicator of national trends.

The inflation rate in Tokyo decreased from 2.6% in August to 2.2% in the current month.

The core inflation rate, excluding food prices, in the capital city was 2%, in line with economists' predictions from Reuters and lower than the 2.4% recorded in August.

The Topix fell 0.23% after the CPI reading was announced, while Japan's rose 0.52%.

While the small-cap Kosdaq was down 0.15%, South Korea's stock market saw a decline of 0.18%.

The S&P/ASX 200 in Australia increased by 0.25%, which is approximately 20 points away from its record high of 8,246.2.

In the U.S., the S&P 500 hit a new record and all three major indexes rose overnight following the release of upbeat economic data.

The Nasdaq Composite and Dow Jones Industrial Average both advanced by 0.60% and 0.62%, respectively, while the broad market index climbed 0.40% to 5,745.37, driven by gains in Micron Technology.

The steady labor market was indicated by the unexpected drop in weekly jobless claims, which was supported by a slate of fresh U.S. economic data.

The U.S.' second-quarter GDP remained unchanged at a robust 3%.

—CNBC's Lisa Kailai Han and Brian Evans contributed to this report.