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Asia cheers China trade boost, bitcoin shoots for the stars

Reuters  |  SYDNEY 

By Wayne ColeSYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations and investors marvelled at the meteoric ascent of bitcoin, the market's new crypto-star. Beijing reported exports surged 12.3 percent in November from a year earlier, more than double the forecast, while imports climbed almost 18 percent.Iron ore and copper imports enjoyed a stellar rebound, which could help stem a recent pullback in commodity prices.Japan's Nikkei led the way as the yen eased on the dollar, rising 1.1 percent on top of Thursday's ...

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First Published: Fri, December 08 2017. 10:54 IST