BANGKOK (AP) — Shares advanced Monday in Asia though they gave up much of their early strong gains after U.S. President Donald Trump told reporters he would go ahead with more tariffs despite worries over their impact on the economy and markets.
Speaking with journalists on Air Force One, Trump said he was pushing forward with a plan for more tariff hikes on April 2 regardless of recent disruptions in the stock market. Chinese markets rose after officials in Beijing reported stronger than expected factory data. Officials were due later in the day to brief reporters about Beijing's efforts to get consumers to spend more , seen as key to getting the economy out of its doldrums.
Most economists have advocated broad and fundamental reforms to foster greater confidence and build consumer purchasing power. Hong Kong's Hang Seng rose 0.8% to 21,144.
86, and the Shanghai Composite index was up 0.2% at 3,426.13.
China's industrial output rose nearly 6% in the first two months of the year from a year earlier and retail sales were up 4%, the government reported Monday. But officials reported continued weakness in the property market, with home prices falling and investment in real estate down nearly 10% from a year earlier. In Tokyo, the Nikkei 225 index jumped 0.
9% to 37,396.52, while the Kospi in Seoul leaped 1.7% to 2,610.
69. Australia's S&P/ASX 200 gained 0.8% to 7,854.
10 and the Taiex in Taiwan was up 0.7%. Bangkok's SET gained less than 0.
1%. On Friday, Wall Street’s roller coa.
