Asian Equities Higher on U.S. Optimism

Asian equities ended their three-day drop on Thursday amid optimism about the world's largest economy but gains were capped ahead of key Chinese data.

The mainland's June trade report is due later. Expectations are for tepid results after exports surged an annual 7 percent in May, helping the country post a $36 billion trade surplus.

"The trade balance looks be key to today's trade and the size of the surplus. The China rebound is tied to its stimulus measures, and having seen more efforts to push it further this week, a bounce for China is key to the region," said Evan Lucas, market strategist at IG in a note.

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