Shanghai adds 0.6%
China's benchmark index widened gains in afternoon trade on speculation that the city of Tianjin will follow Shanghai in obtaining approval for a free-trade zone.
Tianjin Marine Shipping and Tianjin Port rallied by the maximum trading limit of 10 percent each, extending the previous day's strong gains.
Airlines rose on news that the number of passengers flying during the holidays exceeded the 7.2 million estimate by China's aviation regulator. China Eastern Air led gains by nearly 3 percent.
But sentiment was hurt after the International Monetary Fund lowered the mainland's growth forecast to 7.6 percent this year from July's 7.8 percent estimate.
Sydney above flatline
Australia's share market reversed losses after hitting a second consecutive one-month low at 5,118 points earlier in the session.
A rally amid junior miners propped up the index. Atlas Iron surged 9 percent while Mount Gibson rallied nearly 6 percent despite tepid copper and gold prices.
A measure of consumer confidence pulled back from a 33-month peak in October, and that hurt retailers. JB Hi-Fi lost 3 percent while Harvey Norman closed down 1 percent.
India up 1.3%
India's benchmark index crossed the 20,000 mark in afternoon trade, finishing the session at 20,249.26 points.
Speaking to CNBC's TV-18, Reserve Bank of India governor Raghuram Rajan said that India needs to move away from "exceptional liquidity measures."
(Watch: India's Rajan: Rupee and markets are stabilizing)
— By CNBC.com's Nyshka Chandran. Follow her on Twitter @NyshkaCNBC