Asia equities were mixed on Thursday as caution over a European Central Bank (ECB) meeting later in the day overshadowed record gains on Wall Street.
While no rate move is expected from the ECB, analysts will look for clues on further stimulus amid recent weak data. Former Federal Reserve Chairman Ben Bernanke said late on Wednesday that the central bank would have a rough time implementing U.S-style monetary easing.
"Having just recently started its private sector purchase programs and with the next round of TLTRO looming, the ECB is set to remain on hold. However, given still low growth and inflation, Draghi is likely to keep the door open to further actions," said analysts at Societe Generale in a note.
Meanwhile, the Dow and S&P 500 rose to historical peaks overnight, a day after the Republicans take control of the Senate and following a better-than-expected jobs report. Private employers added 230,000 jobs in October, a seventh month of job creation. The data comes before Friday's non-farm payrolls report, which is expected to show slower gains in October.