Asian shares advance, with Japan's benchmark surging after ruling party forms new coalition

Asian shares advance, with Japan's benchmark surging after ruling party forms new coalition 37 mins ago Asian markets have surged after Wall Street finished a winning week, overcoming worries over bank lending and the trade war with China. U.S. futures edged higher while oil prices fell. Japan's benchmark Nikkei 225 jumped 2.9%, briefly hitting a new record, after its ruling Liberal Democrats found a new coalition partner, securing support for its leader Sanae Takaichi to become the country’s first female prime minister. On Friday, the S&P 500 rose 0.5% and the Dow industrials also added 0.5%. The Nasdaq composite climbed 0.5%. Bank stocks steadied on Friday, while President Donald Trump eased some trade concerns after saying very high tariffs on China are not sustainable.