Asian markets ended mostly higher, as oil prices jumped more than 1 percent and the dollar weakened, but one analyst warned that the rebound lacks conviction.
"Asia markets [saw] a technical rebound, but it not a strong one, given that political uncertainty in the U.S. and the plunge in crude oil prices are two bearish factors that will continue to weigh on market sentiment," Margaret Yang, market analyst at CMC Markets, told CNBC. "This technical rebound might not sustain for long."
The ASX 200 ended up 0.06 percent, or 3.39 points, at 5,225.6, underpinned by gains in its gold subindex, which was up 3.44 percent, and its energy subindex, which rose 0.72 percent.
South Korea's Kospi closed up 0.25 percent, or 4.86 points, at 1,983.8.
The fourth-largest Asian economyfaces multiple domestic challenges, including a shipping industry restructuring, natural disasters and a presidential crisis. After a cabinet reshuffle announced on Wednesday, the new finance minister designate Yim Jong-yong said he would keep macroeconomic policy accommodative in order to stabilize the economy, Reuters reported.
The Shanghai composite finished up 0.84 percent, or 25.94 points, at 3,128.67 while the Shenzhen composite ended up 0.56 percent, or 11.53 points, at 2,071.59. Before the Chinese markets' open, a Caixin PMI survey showed that service sector activity picked up strongly on-month in October to come in at 52.4. A reading above 50 indicates an expansion in activity.
Hong Kong's Hang Seng index was down 0.19 percent by mid-afternoon.
Japanese markets are shut for the Culture Day pubic holiday. The Nikkei 225 last closed at 17,134.68.
The Dow Jones industrial average ended down 0.43 percent at 17,959.64, while the S&P 500 posted its seventh day of declines, finishing down 0.65 percent at 2,097.94. The Nasdaq composite closed 0.93 percent lower, to 5,105.57.