Australian stocks hit record high amid mixed trading in Asia-Pacific markets

Asia markets ended the trading time mixed.

South Korea's Kospi mislaid 0.13% to extremity the trading time astatine 3,188.07 and the small-cap Kosdaq added 0.29% to 820.67.

Australia's S&P/ASX 200 jumped 1.37% to adjacent astatine 8,757.2, a grounds high.

Japan's benchmark Nikkei 225 slipped 0.21% to 39,819.11 portion the Topix mislaid 0.19% to 2,834.48.

Mainland China's CSI 300 ended the time 0.6% higher astatine 4,058.55.

— Lee Ying Shan

Bitcoin prices roseate implicit 1% to $120,692.67 connected Thursday aft the U.S. House of Representatives passed a measure to make a regulatory model for stablecoins, which are cryptocurrencies pegged to accepted assets similar the U.S. dollar.

Ether prices jumped implicit 5% to $3,634.33.

The bill, which has agelong been lobbied by the integer plus industry, volition present onshore connected U.S. President Donald Trump's desk, who is expected to motion it into law.

Bitcoin prices ascent backmost to supra $120,000

Mainland China and Hong Kong stocks opened higher amid mixed trading successful the region.

Mainland China's CSI 300 was up 0.27%, portion Hong Kong's Hang Seng Index — which includes large Chinese companies — gained 1.28%.

The Hang Seng Tech Index, which tracks the largest exertion companies listed successful Hong Kong, roseate 1.73%.

—Lee Ying Shan

South Korea's banal marketplace was "severely undervalued" for the past six to 7 years, and "is successful the process of getting normalized", Sanghyun Lee, CEO of activistic steadfast Flashlight Capital Partners told CNBC's "Squawk Box Asia" Thursday.

This comes aft the government's caller revision to the Commercial Act that was passed successful parliament connected July 3. The amendment, which expanded the fiduciary work of committee members to support the interests of number shareholders, is seen arsenic a mode to boost overseas capitalist confidence.

The amendment changes "the cardinal instrumentality that has been the large origin depressing [South Korea's] banal price," Lee noted.

Prior to the revision, the committee manager of a institution tin lawfully depress the banal terms without immoderate consequences, helium added. "The caller law, which volition beryllium enacted precise soon, is really changing the precise quality and existent explanation of fiduciary duty."

The benchmark Kospi scale was up implicit 33.16% since the commencement of the twelvemonth and it's price-to-book ratio was 1.07.

— Nicole Teo

Australia's S&P/ASX 200 climbed 0.58% to a grounds precocious of 8,689.4 during aboriginal trading hours. Year-to-date, the benchmark scale arsenic risen 6.62%, information from LSEG showed.

Index heavyweights similar mining elephantine BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech steadfast CSL is up implicit 1.7%.

Australia's S&P/ASX 200 hits grounds high

Asia markets started the trading time higher. Japan's benchmark Nikkei 225 roseate 0.39% astatine the open, portion the Topix climbed 0.26% arsenic of 8.02 a.m. section clip (8.02 p.m. ET Tuesday).

South Korea's Kospi added 0.21% and the small-cap Kosdaq was 0.28% higher

Australia's S&P/ASX 200 rose 0.44%.

— Lee Ying Shan

Japan's halfway ostentation cooled to 3.3% successful June, coming down from a 29-month precocious of 3.7% arsenic atom ostentation showed signs of easing.

The fig — which strips retired costs for caller nutrient — was successful enactment with the 3.3% expected by economists polled by Reuters.

Headline ostentation successful the state dropped to 3.3%, coming down from 3.5% successful May.

The alleged "core-core" ostentation rate, which strips retired prices of some caller nutrient and vigor and is intimately monitored by the BOJ, climbed to 3.4% from 3.3% successful the period before.

Read the afloat communicative here.

— Lim Hui Jie

Happy Friday from Singapore!

Asia markets were poised to unfastened higher heading into the weekends.

Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 40,105 portion its counterpart successful Osaka past traded astatine 40,060, against the index's past adjacent astatine 39,901.19.

Australia's S&P/ASX 200 was besides connected way to commencement the time higher with futures tied to the benchmark astatine 8,650, compared with its past adjacent of 8,639.

Futures for Hong Kong's Hang Seng index stood astatine 24,674, pointing to a stronger unfastened compared with the HSI's past adjacent of 24,498.95.

— Lee Ying Shan

The aboriginal of 3 crypto bills successful Congress remains uncertain aft 2 days of House Republican infighting implicit the contents of the authorities and the process for moving it.

Late Wednesday night, the House GOP finally approved the rules of debate for the crypto bills and an adjacent Pentagon appropriations package, allowing information for the bills. The ballot was the longest-ever successful the House.

The 3 bills successful question see one, the GENIUS Act, which passed the Senate successful June, and 2 others that are moving done the House first: The CLARITY Act and a measure that would barroom the Federal Reserve from establishing a cardinal slope integer currency.

Bitcoin has been trading astatine all-time highs successful caller days, fueled by optimism connected the crypto authorities and the institutional buying of bitcoin exchange-traded funds (ETFs).

— Erin Doherty, Pia Singh