Stocks in China opened lower on Thursday, in line with the weakness in the region, as investors digested release of the country's home price index.
Property prices in the mainland fell at a slower pace of 5.7 percent year-on-year in May, according to the country's National Bureau of Statistics, compared with a fall of 6.1 percent in the preceding month.
Bank Indonesia is seen holding its key rate at 7.50 percent, according to a Reuters poll where all 25 economists expect no change in the central bank's monetary policy due to persistent worries over Indonesia's frail currency, inflation rate and current account deficit.
Overnight, Wall Street shares handed over a mildly positive lead. All three major indexes ended up 0.2 percent each amid choppy trade after the Federal Reserve said the US economy is likely strong enough to withstand a rate hike later this year.
Shanghai Comp falls 0.3 percent
China's Shanghai Composite index opened down, with property counters trading mixed following the data release.
Poly Real Estate and Shanghai Shimao opened up 0.4 percent each, while China Vanke sagged 0.3 percent.
Nikkei sags 0.8 percent
Japan's benchmark Nikkei 225 index touched its lowest level since June 10, as the Bank of Japan kicks off its two-day policy meeting.
Banks and insurers were among the laggards; T&D Holdings receded 2 percent, while Mizuho Financial Group and Resona Holdings tanked more than 1 percent each.
ASX sinks 1.2 percent
Australia's S&P ASX 200 index widened losses on the back of steep declines in the banking and mining sectors.
Market bellwether BHP Billiton dropped 0.8 percent, while Rio Tinto and Fortescue Metals shaved off 1.8 and 5 percent, respectively.
Shares of Woolworths plunged 1.7 percent7 following an announcement on Wednesday that its chief executive Grant O'Brien would retire after nearly four years at the helm of the Australian supermarket firm.
Meanwhile, New Zealand's economy expanded 0.2 percent on-quarter in the January-March period, according to official statistics released early Thursday. The reading marked the country's slowest pace of growth in two years due to a drought which curbed dairy production.
The New Zealand dollar shed nearly half a U.S. cent following the data, while the key stock index hovered in neutral territory.
Kospi adds 0.2 percent
South Korea's key Kospi index extended Wednesday's gains by a tad.
Posco was in focus after Standard & Poor's revised its outlook for the steelmaker's BBB-plus credit rating to stable from negative, adding that it expected the company to start generating positive operating cash flow for the first time since 2010. Posco shares reversed a higher open to notch down 1.2 percent.
Cheil Industries and Samsung C&T eased 0.9 and 0.3 percent, respectively, following an announcement by Samsung Group that the conglomerate is confident it will defeat Elliot Associates' attempt to derail the USD 8 billion planned merger between Cheil and Samsung C&T.
Cheil Industries is the de facto holding company of Samsung Group.