Asia-Pacific markets expected to rise following Wall Street gains; S&P 500 and Nasdaq reach record highs; Bitcoin sets new all-time high above $113,000.

Asian markets are expected to trade higher, following Wall Street gains. The S&P 500 notched a new all-time closing high, while the Nasdaq Composite and Dow Jones Industrial Average also recorded gains. Bitcoin set a new all-time high of $113,863.31, driven by investors jumping into risk assets and liquidating short positions.

Asian markets are poised to trade higher, following significant gains on Wall Street. The S&P 500 closed at a new all-time high, while the Nasdaq Composite and Dow Jones Industrial Average also recorded notable increases. Bitcoin set a new all-time high of $113,863.31, driven by investors jumping into risk assets and liquidating short positions.

On Thursday, U.S. stock indexes were mostly higher in midday trading, with the S&P 500 up 0.2% and the Dow Jones Industrial Average up 231 points, or 0.5% [1]. The Nasdaq composite, heavily weighted with technology stocks, was down by less than 0.1% but closed higher after reaching an all-time high on Wednesday. Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of the year, with shares surging 11.4% [1].

Asian markets followed the positive momentum, with South Korea’s Kospi climbing 1% and the Hang Seng in Hong Kong adding 0.1% [2]. The Shanghai Composite index rose 0.4%, while Australia’s S&P/ASX 200 climbed 0.6%. The dollar weakened against the Japanese yen and euro, and oil prices dropped [2].

Bitcoin climbed to new all-time highs on Thursday, building on its previous record reached just a day earlier. The price of the flagship cryptocurrency was last higher by more than 2% at $113,766.74 [3]. Altcoins, or cryptocurrencies other than bitcoin, also joined the rally, with Ether and the Solana token gaining more than 2% each. Dogecoin and the token tied to Cardano advanced more than 5% each [3].

The tech rally on Wall Street was driven by Nvidia, which became the first public company to exceed $4 trillion in value after its share price briefly topped $164 each [2]. The tech rally came as Wall Street continued to weigh the latest developments in President Donald Trump’s renewed push to use threats of higher tariffs on goods imported into the U.S. in hopes of securing new trade agreements with countries around the globe [2].

Despite rising trade tensions, Wall Street continued its rally, with the Nasdaq hitting another record high. Regional Asian markets followed the positive momentum, with Hong Kong, Shanghai, Sydney, Seoul, and Singapore all ending higher [4]. Japan’s Nikkei 225 slipped due to US tariffs and stalled trade talks [4].

References:
[1] https://www.startribune.com/asian-shares-mostly-gain-after-big-tech-rally-on-wall-street/601414931
[2] https://abcnews.go.com/Business/wireStory/asian-shares-gain-after-big-tech-rally-wall-123634048
[3] https://www.cnbc.com/2025/07/10/crypto-market-today.html
[4] https://timesofindia.indiatimes.com/business/international-business/asian-markets-rise-on-wall-street-cues-bitcoin-holds-near-112000-check-details/articleshow/122355154.cms