It has piled on more than 170 percent since the start of the year, helped by PayPal online payments giant saying it would enable account holders to use the unit.
U.S. stocks also got an added boost after reports that Biden plans to nominate former Federal Reserve Chair, Janet Yellen, to become the next Treasury Secretary. Futures for the S&P 500 rose 0.48% in early Asian trade.
According to stock exchange data, Indian shares witnessed inflows worth $2.66 billion in October, after seeing an outflow of about $1 billion in the previous month.
Wall Street had closed higher on signs that Democrats in the House of Representatives were working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.
Chinese blue chips added 0.4%, buoyed by data showing China’s industrial output rose 5.6% in August from a year ago, expanding for a fifth straight month.
However, analysts do not expect selling in Asia to match the Wall Street moves, which were driven by a sharp correction in technology stocks, as investors await key U.S. data due later on Friday.
MSCI’s broadest index of Asia-Pacific shares outside of Japan climbed 0.5%, clocking its third straight session of gains to hover near a recent 2-1/2-year high.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6% on Friday, though it is it poised to snap a four-week winning streak with a small weekly loss.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5%, paring a quarter of its 2% losses the previous day, while Japan’s Nikkei was almost flat.
Even news that China’s economy rebounded more than expected in the second quarter from a record contraction was not enough to pull regional equities out of the red.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2%. Japan’s Nikkei retreated from a one-month high touched on Monday, dropping 0.9%, while Chinese stocks were down despite better-than-expected trade numbers.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15%, having climbed sharply last week on the back of surging Chinese stocks, which added another 1% on Monday.