Asian shares mostly rise after a rally on Wall Street
Asian shares are mostly up as markets get a lift from a Wall Street rally. Benchmarks have risen Friday in Tokyo, Seoul, Hong Kong and Shanghai, while declining in Sydney. The Bank of Japan raised the benchmark interest rate to 1.25% from 1.0%, a 31-year high. The move came after the Federal Reserve raised its key rate this week. Oil prices continue to fall from their high of nearly $110 reached earlier this week on worries about the war in Iran.
On Wall Street, the S&P 500 jumped 1.1%, the Dow Jones added 0.6%, and the Nasdaq climbed 1.7%.
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