- Asian stocks fell further as traders weighed the prospects of another Federal Reserve rate hike in May and a report that SoftBank Group Corp. was selling a stake in Alibaba Group Holding Ltd.

- MSCI Inc.'s Asia Pacific Index fell 0.4%, with tech stocks in Hong Kong leading regional losses. After the report about SoftBank's planned sale, Alibaba shares fell as much as 5.2% in Hong Kong. When stock trading resumed after a year-long halt, shares of Sunac China Holdings Ltd. fell by a record amount.

- Stocks in Australia fell further after the country reported a better-than-expected employment number, fueling speculation about further rate hikes. Futures in the United States fluctuated after the tech-heavy Nasdaq 100 and the S&P 500 closed near session lows on Wednesday.

- The US dollar fell against its major peers, while the yen rose after North Korea launched a missile towards waters off Japan's east coast, prompting a warning for residents to seek shelter.