Asia markets were mixed on Thursday following U.S. losses, with sentiment likely driven by Wednesday's drop in oil price and anticipation of another data deluge from China on Friday.
Central banks also were in focus as both the Philippine central bank and South Korea's central bank held benchmark interest rates steady, as expected, however the Reserve Bank of New Zealand cut rates by a quarter point to 2 percent.
In Australia, the benchmark ASX 200 slid 35.7 points, or 0.64 percent, to 5,508.01, with the heavily weighted financials sub-index that accounts for nearly half of the broader index down some 1.17 percent.
New Zealand's NZX 50 closed near flat at 7,353.83. In South Korea, the Kospi closed up 0.2 percent, or 4.16 points, at 2,048.8, after trading negative earlier. Hong Kong's Hang Seng index bucked the mostly downward trade to close up 0.43 percent, or 96.47 points, at 22,588.9.
Chinese mainland markets were lower, with the Shanghai composite closed down 0.53 percent, or 16.071 points, at 3,002.675 while the Shenzhen composite ended 1.277 percent lower, or 25.243 points, at 1,950.921. China is set to release data on industrial production, fixed asset investments and retail sales on Friday.
Japanese markets were closed for the Mountain Day public holiday.
U.S. stocks closed lower, with the benchmark S&P 500 dropping 6 points as the energy sub-index - the biggest laggard - dropped 1.4 percent.
Oil prices fell more than 2 percent on Wednesday in the U.S. session, amid renewed oversupply concerns.