On the economic data front, China’s trade figures for July are set to be released on Friday. Investors were also awaiting a US report on jobs later Friday.
Meanwhile, shares of Tencent slumped after the media reports said that the US President Donald Trump issued an executive order that appeared to ban US companies from doing business with the maker of WeChat after September 20.
Overnight on Wall Street, the Dow Jones Industrial Average closed 185.46 points higher, or 0.7%, at 27,386.98. The S&P 500 rose 0.6% to end its trading day at 3,349.16 while the Nasdaq Composite advanced 1% to close at 11,108.07.