Asia-Pacific markets traded mostly higher on Thursday, as investors eyed United States President Donald Trump's immediate increase of tariffs on Chinese goods to 125% while he paused reciprocal tariffs on most countries for 90 days.

Investors also digested the data published by the Bank of Japan, which showed the country's producer price index rose by 4.2% in March. Additionally, investors looked over the data published by the Chinese National Bureau of Statistics, which showed the country's consumer price index fell by 0.1% in March.

South Korea's Kospi rose 5.17% at 3:55 am CET, while Hong Kong's Hang Seng jumped by 3.69% at 03:56 am CET and Japan's Nikkei 225 soared 8.21% at 3:57 am CET. In mainland China, the Shanghai Composite grew by 1.64% and the Shenzhen Composite rose by 3.44% at 3:58 am CET. Australia's S&P/ASX 200 increased by 4.68% at 3:59 am CET.

The dollar traded 0.54% lower against the yen at 4:00 am CET, selling for 146.98500.