The Nikkei is predicted to rise by 3% as Asia-Pacific markets follow in the footsteps of Wall Street's gains.
- The release of Hong Kong's producer price index for the second quarter this afternoon will also be of interest to investors.
- The August consumer price index in India is set to be released later on Thursday, and economists predict it will increase by 3.5% year-on-year, slightly lower than the 3.54% increase seen in July.
On Thursday, Asia-Pacific markets are predicted to open with gains, following the upward trend on Wall Street after a tumultuous trading session caused by inflation figures.
As core CPI rose slightly more than expected, the major benchmarks rebounded from intraday lows, and investors adjusted their expectations for a quarter-percentage-point-cut by the Fed next week.
The release of Hong Kong's producer price index for the second quarter this afternoon will also be of interest to investors.
The August consumer price index in India is expected to be released late Thursday, with economists predicting a 3.5% year-on-year increase, compared to the 3.54% rise seen in July.
According to Reuters, a Chinese home appliance manufacturer plans to set its share price at the top of the range in a Hong Kong listing that aims to raise at least $3.46 billion.
Since May 2021, the largest offering in Hong Kong has been listed.
The S&P/ASX 200 for Australia rose to 8,026 from its previous day's close of 7,987.9.
The futures market in Japan is expected to open stronger, as indicated by the 3% increase in the Chicago futures contract to 36,600, and the Osaka counterpart standing at 36,510.
The HSI's last close of 17,108.71 was lower than Hong Kong's futures at 17,194.
The CSI 300 index for mainland China was at 3,181.6 on Thursday, which was lower than its previous day's close of 3,186.13.
In the U.S., the broad-based advanced index increased by 1.07%, while the Nasdaq Composite rose by 2.17%. The S&P 500 inched up by 0.31%.
The August producer price index, which is set to be released on Thursday, is predicted to show a 0.2% increase in the headline as well as core inflation readings, according to a poll of economists by Reuters, compared to previous readings of 0.1% and 0.0%.
—CNBC's Pia Singh and Lisa Kailai Han contributed to this report.
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