Asian stocks notch records, pound stable after Labour Party's victory

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Asian stocks notch records, pound stable after Labour Party's victory - Business Standard

Quick Summary:

Oil is its most expensive since April with Brent crude futures holding above $87 a barrel following a bigger-than-expected drop in US crude stocks, which suggest firm demand as the US summer driving season gets under way.

Bitcoin was down 7 per cent and at a four-month low below $55,000.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

MSCI's broadest index of Asia-Pacific shares outside Japan touched a two-year high with Samsung's estimate of a more than 15-fold rise in second-quarter profit helping South Korea's KOSPI to a two-year peak as well.