Asian stocks boast biggest rise in 15 months

Asian shares enjoyed their best day in 15 months on Friday. The gains came even as oil stayed under pressure. Japan's Nikkei JNIc1 climbed 2.0 per cent to erase most of it's recent losses, while Australia's main index romped ahead by 2.1 per cent .AXJO. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS put on 1.5 per cent. Shares in Shanghai hit their highest in four years .SSEC before running into profit taking. Extending Asia's bound, spreadbetter expect European markets to open between 0.6 per cent and 0.7 per cent. The dollar also regained ground on the yen to 119.24.  Yields on US 10-year paper US10YT=RR rose back to 2.23 per cent, having been as low as 2.00 per cent early in the week. In commodities, oil prices managed to steady for the moment after a wild week. Brent LCOc1 inched up 11 cents to $59.38 having lost over a $1.00 on Thursday, while US crude CLc1 added 21 cents to $54.32, according to Reuters.