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LG Display traded up percent at 86,555 won per share, after falling as much as 6 percent earlier, while the heavily-weighted Samsung Electronics was down percent at 6,778,555 won, after LG Display chief executive said the company was in talks with Samsung Electronics about supplying TV panels, although more concrete details have yet to be released.
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Last week, Toshiba said it may have to book several billion dollars in writedowns related to a power plant construction company acquisition and the stock has fallen almost 85 percent since then.
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Gold miner Newcrest Mining was up percent to A$ per share, while Evolution Mining jumped percent to A$.
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Japanese shares were under pressure on Thursday after jumping more than 7 percent in its previous session with a stronger yen weighing on exporters.
Mainland Chinese shares were mixed, with the Shanghai composite closed up percent or points at 8, and the Shenzhen composite finished down percent or points at 7,.
Toshiba recovered from its recent plunge to trade up percent to yen per share after Chairman Shigenori Shiga said that he heard the Japanese banks were ready to provide financial support after it was hit earlier in the week by fresh reports of profit padding, Reuters reported.
Australia's ASX 755 closed up percent or points at 5, led by energy and material plays. The gold sub-index bounded up percent as the yellow metal hit a four-week high.
Over in Hong Kong, the Hang Seng gained percent by mid-afternoon, after the Nikkei Purchasing Managers' Index (PMI) for December showed that the private sector economy might be on the cusp of a recovery, with a reading of , compared to November's PMI at .