Asian markets traded mostly lower in early deals on Thursday, saddled by the risk aversion as stronger-than-expected US jobs data reignited concerns that the Fed might struggle to sustain rate cuts this year. Trading momentum also tapered off as Chinese markets approached the Spring Festival break starting February 15. Earlier this week, the People’s Bank of China (PBoC) committed to reducing banks' liability costs and maintaining low financing rates while ensuring the prevention of systemic risks. Hang Seng marked sharp losses in the session after three straight session's gains, in tandem with the subdued global cues. Stock market of Taiwan is closed for a holiday.

Hang Seng plunged by 322.38 points 1.18% to 26,944.00, Jakarta Composite dipped by 31.80 points 0.38% to 8,259.17, Shanghai Composite widened by 1.24 points or 0.03% to 4,130.75, and FTSE Bursa Malaysia KLCI index declined by 6.39 points or 0.36% to 1,750.00.

On the flip side, Nikkei 225 up by 182.46 points or 0.32% to 57,833.00, Straits Times rose by 27.03 points or 0.54% to 5,011.61, and KOSPI Index climbed by 139.57 points or 2.61% to 5,494.06.