Most Asian markets rose on Thursday following a positive lead from Wall Street, while the pound was marginally higher as traders await the next Brexit move with the EU expected to extend Britain's divorce deadline yet again.

While US earnings on Wednesday were a mixed bag, investors remain broadly upbeat after better-than-forecast results so far have soothed worries about the impact of slowing economic growth on companies.

"People were bracing for the worst" for businesses, Yana Barton at Eaton Vance Management said. "So far we're coming in a little bit better," she told Bloomberg TV.

Hong Kong finished 0.9 per cent better off while Tokyo closed with gains of 0.6 per cent.

Seoul added 0.2 per cent as dealers brushed off data showing the South Korean economy grew in the third quarter at a slower pace than expected, putting it on course for the worst annual performance since the global financial crisis.

Sydney, Singapore, Mumbai, Taipei and Jakarta were also well up. Shanghai was marginally lower while Wellington and Bangkok were also in the red. The Cambodia Securities Exchange index ended 0.49 per cent lower.

London rose 0.6 per cent in the morning, while Paris added 0.5 per cent and Frankfurt gained 0.7 per cent.

The positive mood comes as China and the US look on track to sign a mini trade deal next month and set up talks for the next phase of a wider agreement to end their long-running tariffs war.

Hopes that Britain will leave the EU with a divorce pact have also improved sentiment.

While Boris Johnson failed to push his agreement with the bloc in time to meet the October 31 cut-off date, he did manage to get members of Parliament to agree to it.

EU leaders are expected to grant a three-month extension, in which time the prime minister could hold a general election he hopes will give him enough lawmakers to easily break the Brexit deadlock.

'Still waiting'

Sterling, which has seen strong volatility for most of the week, fluctuated in a tight range against the dollar on Thursday as dealers await their next cue.

"Brexit remains of great concern, and though few developments materialised [on Wednesday] the market is maintaining confidence a deal will be coming," said AxiTrader analyst Stephen Innes.

"Traders are still awaiting the EU decision on whether it will grant a delay until January 31, and under what conditions."

Oil prices edged down after running up strong gains of more than 2.5 per cent on Wednesday in response to data showing a slide on US stockpiles as well as a bigger-than-expected fall in petrol inventories.

However, the selling in Asian trade came as investors remain concerned about the fact that the Organisation of the Petroleum Exporting Countries and other major producers led by Russia had not yet put forward any plans for changes to their output cuts that have helped support prices for years.