Japan's benchmark Nikkei 225 rose 1.13% to a fresh record Thursday, led by gains in the real estate and technology sectors. The top movers were led by chemical company Resonac Holdings , which jumped more than 10%, semiconductor manufacturer Screen Holdings , which added nearly 4.3%, and beverage giant Kirin Holdings , which gained 4.3%.

Other Asia-Pacific markets traded mixed after the Federal Reserve lowered its benchmark rate as expected on Wednesday, with Fed Chairman Jerome Powell framing the move as a "risk management cut," rather than something more directed at shoring up a weak economy.

The Fed also indicated two more rate cuts could be made by the year's end, another in 2026, one more in 2027, and no cuts in 2028.

South Korea's Kospi was up 0.96%

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