Stock market today: Asian shares gain after US Fed cuts interest rates

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy. Regional investors were watching for much-anticipated steps by Beijing to rev up the slowing Chinese economy as the top body of the national legislature wrapped up a meeting this week. Oil prices fell while U.S. futures edged higher. On Thursday, the S&P 500 climbed 0.7% and the Dow Jones Industrial Average was virtually unchanged. The Nasdaq composite gained 1.5%. The Fed's rate cut was widely expected, but the outlook for future monetary policy is less certain given Donald Trump's presidential victory. Treasury yields remained lower following the Fed's announcement.