Asian shares are mostly trading higher after U.S. stocks hit another record. The indexes in Shanghai, Tokyo and Seoul inched higher Thursday, while Hong Kong was lower. The S&P 500 rose 0.5%

Most Asian stock markets experienced declines on Wednesday. This downturn was largely driven by investor apprehension surrounding the upcoming US trade. Read more details here.

A seasonal lift for Asian equities in July may be hard to come by this year as tariff and macroeconomic concerns dampen sentiment.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawWhat Gothenburg Got Out of Congestion PricingMarkets are bracing for heightened volatility ahead of the July 9 deadline for countries to cut trade deals with the US.