This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets traded mixed Thursday as investors assessed a slew of economic data in the region, with China stocks leading gains.

Hong Kong's Hang Seng index slipped 0.65%, while the CSI 300 climbed 1.01% to 3,835.34. China's financial regulators on Thursday urged large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster its faltering stock market.

Australia's S&P/ASX 200 traded 0.61% lower to close at 8,378.7.

Japan's Nikkei 225 rose 0.79% to close at 39,958.87, while the Topix added 0.53% to close at 2,751.74.

South Korea's Kospi fell 1.24% to end at 2,515.49 and the Kosdaq traded 1.13% lower to end at 724.01. South Korea's economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.

The Bank of Japan is holding its next policy meeting today and tomorrow, where the BOJ governor Kazuo Ueda had signaled intentions to hike rates.

Overnight in the U.S., the three major averages advanced, with the S&P 500 hitting a fresh all-time high as technology shares such as Oracle and Nvidia rallied on artificial intelligence optimism and President Donald Trump's new term in office.

The S&P 500 advanced 0.61% after hitting an intraday record of 6,100.81, exceeding the last milestone touched in December before the market pullback. The broad index closed at 6,086.37, slightly below its all-time closing high.

The Nasdaq Composite popped 1.28% to 20,009.34, underscoring the outperformance of tech names. The Dow Jones Industrial Average rose 130.92 points, or 0.3%, to 44,156.73, boosted by Procter & Gamble's gain of nearly 2% on the back of strong earnings.

—CNBC's Samantha Subin, Alex Harring and Sarah Min contributed to this report.

Singapore reports higher-than-expected inflation in December

Singapore's core inflation rate, which strips out accommodation and private transport costs, came in at 1.8% year on year in December, slightly beating Reuters' estimates of a 1.7% increase. The print compares to a 1.9% rise in November.

Headline inflation came in at 1.6%, higher than Reuters' forecast of 1.5%.

— Lee Ying Shan

Hyundai Motor shares gain on higher fourth-quarter net profit and revenue

Shares of South Korea's Hyundai Motor rose 1.68%, as the company's reported a 12.3% rise in net profit for the October-December quarter.

Quarterly revenue rose 11.9% year on year.

The automaker's operating profit, however, fell 17.2% to 2.8 trillion won ($1.95 billion), compared to 3.4 trillion won in the same period a year ago.

— Lee Ying Shan

SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom

South Korea's SK Hynix, one of the world's largest memory chipmakers, posted record quarterly earnings on Thursday, supported by strong sales of high bandwidth memory that powers AI applications.

Here are SK Hynix's fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:

• Revenue: 19.77 trillion won ($13.7 billion) vs. 19.91 trillion won
• Operating profit: 8.08 trillion won ($5.6 billion) vs. 8.02 trillion won

Read the full story here.

—Dylan Butts

Japan's exports in December beat estimates

Japan's export growth came in at 2.8% year on year, topping Reuters' estimates of 2.3%. The reading compares to November's 3.8% growth.

The country's imports grew 1.8%, missing Reuters' forecasts of a 2.6% climb. The figure compares to a 3.8% dip in November.

Japan posted a trade surplus of 130.9 billion yen ($836.90 million), versus estimates of a 53 billion yen deficit.

— Lee Ying Shan

South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations

South Korea's economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.

Advance figures showed the figure missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise seen in the third quarter of 2024.

On a quarter-on-quarter basis, GDP growth also missed expectations, with the economy growing just 0.1% compared to the 0.2% forecast in the Reuters poll.

However, full-year GDP growth for 2024 came in at 2% compared with last year's 1.4% gain.

Read the full story here.

Stocks finish higher

The three major indexes ended Wednesday's session in the green.

The Nasdaq Composite led the way, jumping 1.3%. The S&P 500 and Dow added 0.6% and 0.3%, respectively.

— Alex Harring