Polish central bank governor Glapinski said uncertainty over Poland's CPI path remains high.

China's ChiNext index widened losses to 3%; Shanghai Composite down 0.91%, Shenzhen Component down 2%. Semiconductor and memory-chip sectors continued to weaken.

South Korea's market closed lower on Thursday, marking a second consecutive weekly decline in a shortened holiday trading week as weakness in chip stocks and rising oil prices stoked inflation concerns. The won strengthened and benchmark government bond yields rose. The KOSPI fell 177.97 points, or 2.62%, to 6,625.93, down 5.79% for the week. Samsung Electronics slid 2.42% and SK Hynix fell 2.44%.