The Asia-Pacific market is predicted to rise, with Australia on track to surpass its record-breaking closing high.

• The S&P/ASX 200 in Australia is predicted to surpass its previous record high of 8,114.7 and reach 8,115 in futures, up from its last close of 8,075.7.
• The CSI 300 index for mainland China remained at 3,176, only slightly above its six-year low of 3,172.47, which was reached on Thursday.

On Friday, Asia-Pacific markets are predicted to open higher, following gains from Thursday, as the tech rally on Wall Street persisted.

In Asia, investors will respond to India's August inflation figures, which were released late Thursday, showing that the consumer price index increased by 3.65% year on year, surpassing July's revised figure of 3.6% and exceeding economists' expectations of 3.5% as polled by Reuters.

The S&P/ASX 200 in Australia is predicted to surpass its previous record high of 8,114.7 and reach 8,115 in futures, up from its last close of 8,075.7.

The future of Japan's stock market is uncertain based on futures data, with the contract in Chicago at 36,945 and its counterpart in Osaka at 36,660 compared to the previous close of 36,833.27.

The HSI's last close was lower than Hong Kong's futures, which were at 17,294.

The CSI 300 index for mainland China stood at 3,176, only slightly higher than its last close of 3,172.47 on Thursday, which was a near six-year low.

In the U.S., the S&P 500 gained 0.75%, marking a four-day winning streak. The Dow Jones Industrial Average rose 0.58%, while the Nasdaq Composite saw the largest gain, rising 1%.

The Federal Reserve meeting next week will be the first major data point for the U.S. economy since Thursday, when the country's producer price index rose 0.2% month on month, in line with expectations from Dow Jones. On a year-on-year basis, headline PPI rose 1.7%.

This report was contributed to by Pia Singh, Jeff Cox, and Sarah Min of CNBC.