Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate.

Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.

U.S. futures edged lower and oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude, which would ease worries about inflation.

Markets showed little obvious reaction to Trump’s most recent comments about imposing higher tariffs on products from China and other countries.

Tokyo’s Nikkei 225 index gained 0.3% to 40,074.87 after the central bank raised its benchmark rate to about 0.5% from 0.25%, as widely expected. It is the highest level for the rate since 2008, as the Bank of Japan shifts out of a long spell of extreme low interest rates meant to spur more borrowing and spending.

Source: FINANCE.YAHOO