Japan and Taiwan stock markets both set fresh record highs on the 11th. With tech stocks continuing to gain on the New York stock market in the United States, SoftBank and TSMC led the market's rise.

On the 10th, a man walks in front of an electronic ticker at the Tokyo Stock Exchange showing the Nikkei closing record of 43,837 yen. /Courtesy of AFP=Yonhap News

The Tokyo Stock Exchange Nikkei 225 average closed up 1.22% from the previous session at 44,372.50, hitting an all-time high for the second straight day. It rose as high as 44,396.95 intraday, surpassing the previous intraday record high (44,185).

SoftBank Group jumped 9.98%. Analysts said the surge reflected the fallout from a 36% spike on the New York stock market after U.S. Oracle signed a cloud deal worth about $300 billion (about 416 trillion won) with OpenAI. SoftBank, Oracle, and OpenAI are jointly pursuing the "Stargate" hyperscale artificial intelligence (AI) infrastructure project in the United States.

Taiwan's Taiex also closed at 25,215.71, up 0.09% from the previous session, marking a record high for the fourth straight trading day. It rose as high as 25,541.44 intraday, setting another record.

Shares of TSMC, the world's largest foundry company, rose 1.22%, underpinning the index's strength.

Earlier on the U.S. New York stock market, the Standard & Poor's (S&P) 500 and the Nasdaq composite hit record highs on the back of strength in tech stocks such as Oracle.

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