BANGKOK – Asian markets surged Monday 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.

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Japan’s benchmark Nikkei 225 jumped 2.9%, to 48,970.40, setting a new record, after its governing Liberal Democrats found a new coalition partner, securing support for its leader Sanae Takaichi to become the country’s first female prime minister.

Takaichi is expected to push for market-supporting policies such as low interest rates and higher government spending.

China reported its economy grew at a 4.8% annual pace in the last quarter, supported by relatively strong exports as companies increased shipments markets other than the U.S.

Still, it was the slowest pace

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