Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill, while Chinese stocks were soggy after the country's central bank raised interest rates. Meanwhile, the launch of bitcoin futures on the CME exchange bolstered expectations the cryptocurrency's red-hot rally in the cash market could continue. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent. Japan's Nikkei was the best performer in the region, rising 1.3 percent to edge closer to a 25-year peak of 23,382 points set last month.
Global stock markets have surged this year, largely led by expectations of a U.S. tax overhaul. The reform is seen boosting corporate profits, triggering share buybacks and higher dividend payouts - a boon for shareholders. Votes on the legislation are expected this week.
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