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Asia stocks notch records; pound calm after Labour landslide

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Asia stocks notch records; pound calm after Labour landslide

SINGAPORE - Asian share markets scaled new highs on Friday as investors sized up U.S. rate cuts for September and the mood was upbeat, while the euro hit a three-week peak ahead of French elections.

He noted artificial intelligence demand had driven chipmaker rallies in Taiwan and South Korea, that interest-rate settings were fuelling record profits for Singapore's big banks and that a weak yen had been a tailwind for Japanese equities. Two-year U.S. Treasury yields rose 1.3 bps to 4.71% in the Asia morning and benchmark 10-year yields were up 2 bps to 4.37%.

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