Asian markets rise as China launches consumer spending plan

Asian markets rose on Monday as investors reacted positively to China's new consumer spending plan. This comes after a rally on Wall Street, fueled by optimism over a spending bill that prevents a government shutdown. China's State Council announced initiatives to boost consumption, including wage growth support, property reforms, and increased access to loans. This plan aims to address recent deflation and weak consumer spending. Despite the positive news, concerns remain about the impact of Donald Trump's tariffs on global trade and China's economy. Retail sales and industrial production data showed slight improvements, but economists warn of ongoing challenges.