Shares in Asia see-sawed on Thursday but closed higher, as investors digested monetary policy decisions from the Bank of Japan, the People's Bank of China and the Federal Reserve.
The Bank of Japan held monetary policy steady and maintained a positive view on the economy, signalling that no expansion of monetary stimulus was due in the near future, Reuters reported.
The Japanese benchmark, Nikkei 225, was up just 0.07 percent or 12.7 points at 19,590.14 as the yen strengthened against a weaker dollar.
And the People's Bank of China raised its short-term interest rate by 10 basis points on both medium-term lending facility loans and its open market operation reverse repurchase agreements. This is the third hike in three months, and a day after Chinese officials warned that tackling debt risks would be a priority.
Shenzhen-listed ZTE resumed trade on Thursday after an eight-day hiatus, and added 10 percent to 16.81 Chinese yuan per stock, which was also the maximum allowed move on the exchange. The telecommunications equipment supplier had plead guilty to violating U.S. sanctions on Iran, and paid nearly $900 million in settlements.
Down Under, the ASX 200 closed up 0.2 percent or 11.8 points at 5,785.8.
Australia's unemployment rate in February rose to 5.9 percent, higher than the expected 5.7 percent.
"The unemployment rise to 5.9 percent is a bit of a slap in the face for Reserve Bank of Australia governor Philip Lowe who, only recently, said he'd like to see it move lower. This makes it the highest since January 2016 and above the 12-month average of 5.7 percent," said Matt Simpson, chief market analyst at ThinkMarkets, in a Thursday note.
The Australian government is set to spend up to A$2 billion ($1.54 billion) to expand the output of the Snowy Mountains Hydroelectric scheme by up to 50 percent to help solve a power crisis.