Asia-Pacific markets set to open higher, tracking Wall Street gains as tech rally continues

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Asia-Pacific markets set to open higher, tracking Wall Street gains as tech rally continues
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The S&P 500 and Nasdaq Composite scored new intraday and closing highs Wednesday stateside.

The Bank of England on Wednesday warned of a "sharp market correction" if the AI bubble bursts — the latest in a long list of banks and investors to weigh in on whether anindex was set for a higher open, with its futures contract in Chicago trading at 48,250, and its counterpart in Osaka at 48,160, against the index's Wednesday close of 47,734.

99.pointed to a higher open, trading at 26,863, against the index's previous close of 26,829.46.U.S. equity futures were little changed in early Asian hours after theand Nasdaq Composite scored new records Wednesday stateside as investors shrugged off the government shutdown in its second week. Overnight, the broad index S&P 500 climbed 0.58% to close at 6,753.72, notching its eighth winning day of the last nine. Gains on the index were led by the information technology, utilities and industrials sectors, which notched fresh closing highs.rose 1.12% to finish at 23,043.38. That's the first time the technology-heavy index has closed above the 23,000 mark.— CNBC's Alex Harring, Sean Conlon and Sarah Min contributed to this report.

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