Japanese shares rally, bitcoin shoots for the moon


Asian shares rallied for a second session on Friday as investors awaited major economic data from China and the United States while marveling at the meteoric ascent of the market’s new crypto-star, bitcoin.


Japan’s Nikkei .N225 led the way again with an early gain of 0.9 per cent, adding to Thursday’s 1.45 per cent bounce.

Australian stocks put on 0.4 per cent while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.1 per cent.

Bidders were encouraged by a steadier performance on Wall Street, where the Dow .DJI rose 0.29 per cent. The S&P 500 .SPX gained 0.29 per cent and the Nasdaq .IXIC 0.54 per cent.

Facebook climbed 2.3 per cent and Google parent Alphabet 1.2 per cent, helping the S&P 500 end higher after losing ground for four straight sessions.

Investors in Asia were awaiting November trade numbers from China to gauge the…

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