Shanghai 0.2% lower
Mainland shares fell into negative territory in the final hour of trading, after underwhelming PMI data led to volatile trade throughout the day.
After it confirmed news of a tie-up with PSA Peugeot Citroen on Wednesday, Dongfeng Auto gained 2.8 percent on Thursday. Sinopec Corp led the gains with a surge of 10 percent after it announced plans to restructure its retail and wholesale business.
However, declines in banking and property stocks capped gains. ICBC and Agricultural Bank of China lost 1 percent each. China Merchants Property fell 1.2 percent.
(Read more: Singapore, Hong Kong housing faces 'double whammy')
Sydney adds 0.1%
After hovering near the unchanged level for most of the session, Australian shares managed a modest rebound into positive territory, stretching their winning streak into a fifth consecutive session.
Strong earnings reports boosted the benchmark S&P ASX 200 index in early trade to an intraday high of 5,441. Leighton Holdings climbed 7 percent after it reported a 30 percent jump in full-year underlying net profit. Australia's third largest retail fund manager AMP advanced over 10 percent after it announced that it expected to stop profit declines in its wealth protection unit in 2015.
However, gains were offset by declines in banking and mining stocks. Macquarie Group and Whitehaven Coal were the top losers in their respective sectors, dropping over 1.2 percent each.
Meanwhile, the Aussie fell to a one-week low of 0.8949 cents against the U.S. dollar.
(Read more: Facebook buys WhatsApp: A desperate move?)
Kospi 0.6% lower
South Korean shares were dogged by a sluggish tone on Thursday, hitting a one-week low of 1,930.
Naver shares dived over 8 percent as Facebook's plan to buy WhatsApp sparked worries about rising competition. Blue-chip stocks like Hyundai Motor slipped over 1.5 percent each while KB Financial Group lost 2.5 percent.
The Korean won dropped 0.6 percent, to trade at 1,072 against the U.S. dollar, marking its worst daily fall in 3 weeks.
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