Asian Markets Surge on Wall Street Rally and Falling Oil Prices

The Asian markets experienced a boost in early Friday trading, riding on the momentum from Wall Street's rally and declining oil prices.

Japan's benchmark Nikkei 225 surged 1.9% to 65,332.57 after the Bank of Japan raised its benchmark interest rate to 1.25%, marking a 31-year high, in line with expectations.

The move was seen as a response to growing pressure from the US for Japan to raise rates due to concerns over the weakening yen, which has been intervened by both nations recently without significant impact.