By Rae Wee

SINGAPORE (Reuters) -Political upheaval in Japan and France gripped currency and bond markets for a second day running on Tuesday, while global shares stuttered despite a multi-billion dollar chip-supply deal between AMD and OpenAI.

The weekend election of fiscal and monetary dove Sanae Takaichi as leader of the ruling party in Japan propelled the Nikkei to yet another record high early in the session, as her likely appointment as the country’s next premier stoked bets on a revival in big spending and loose monetary policy.

The yen meanwhile struggled on the weaker side of the 150 per dollar level and sank to a two-month low, while Japanese government bonds slid, pushing yields higher.

An auction of 30-year Japanese debt later on Tuesday will offer an early test of investor

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