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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Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands patAsian shares are mostly higher as investors turn their attention to what the Bank of Japan might decide on monetary policy later this week. Shares fell slightly Thursday in Tokyo and Shanghai, but rose in the rest of Asia. U.S.
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