Asian equities leap on American tax cut expectations

Asian equities leap on American tax cut expectations

On Monday, Asian equities added, with market sentiment underpinned by hopes that American lawmakers are going to approve a long-awaited tax bill this week. Meanwhile Chinese shares were weak, following worries as for liquidity as well as tighter regulations in the world's number two economy.

The launch of bitcoin futures on the CME exchange drove hopes that the cryptocurrency's red-hot soar in the cash market could keep unrolling, although their trading debut turned to be modest.

MSCI's index of Asia-Pacific equities MIAPJ0000PUS edged up 0.4%. As for Japan's Nikkei N225, it happened to be the best performer of the region, tacking on 1.6% to approach a 25-year high of 23,382 points reached the previous month.

Meanwhile, American and EU equities are also believed to have a firm start. The near-month FTSE futures contract along with the e-mini S&P futures each gained 0.2%. Aside from that Dow futures headed north 0.4%.

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