With investors' growing hopes that Europe and the U.S. may loosen monetary policies to combat with the progressing economic concerns, the Asian market benefitted with a boost during Thursday trade. The Asian shares that advanced were Japan's Nikkei Stock Average with a 1 per cent jump, Kospi – 2.7 per cent, Hong Kong's Hang Seng Index – 1.4 per cent, and the Shanghai Composite index – 0.2 percent. The jump was facilitated by the U.S. shares impressive increase after the ECB gave signs of a potential rate decrease as well as the anticipation that the Federal Reserve may implement additional quantitative easing.