This is CNBC’s live blog covering Asia-Pacific markets.
Asia-Pacific markets are set to trade higher, tracking Wall Street gains after the S&P 500 and Nasdaq Composite hit new records as investors seem to shake off tariff concerns.
S&P 500, Nasdaq notch record closing highs
The S&P 500 notched a new all-time closing high on Thursday. The broad market benchmark rose 0.27% and closed at 6,280.46.
The Nasdaq Composite also closed at a record high for the second day in a row, gaining 0.09% to end at 20,630.67.
The Dow Jones Industrial Average added 192.34 points, or 0.43%, to finish at 44,650.64.
— Lisa Kailai Han
Bitcoin sets another record above $113,000
Romain Costaseca | Afp | Getty Images
Bitcoin climbed to new all-time high of $113,863.31 on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions.
Over the past 24 hours, $318 million in short liquidations have occurred across centralized exchanges, according to CoinGlass.
Altcoins, or cryptocurrencies other than bitcoin, joined the rally for a second day after many investors had started to lose hope that they would show signs of life this year.
Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds, which has helped the price stay above the $100,000 level for more than 60 consecutive days. Public companies have also been on a bitcoin buying spree and outpaced bitcoin ETF inflows in the second quarter.
Read the full story here.
— Tanaya Macheel