Asian markets closed higher on Monday following the Chinese government's announcement of a comprehensive plan to boost domestic consumption and address economic challenges. The plan, unveiled by the State Council, includes measures such as promoting wage growth, stabilizing the stock and real estate markets, and encouraging consumption loans with favorable terms. The initiatives also aim to raise pension benefits, establish childcare subsidies, and protect workers' rights to rest and holidays. These steps come as China faces deflationary pressures, with consumer prices falling in February for the first time in a year and producer prices continuing to decline. Retail sales grew by 4% year-on-year in the first two months of 2025, while industrial production expanded by 5.9%, both exceeding expectations. Major indices across the region reflected positive sentiment, with Japan's Nikkei 225 rising 0.93% to 37,396.52, South Korea's Kospi gaining 1.73% to 2,610.69, and Hong Kong's Hang Seng Index climbing 0.77% to 24,145.57. In mainland China, the Shanghai Composite rose 0.19%, and the Shenzhen Composite edged up 0.14%, while the CSI 300 slipped 0.24%. However, concerns over U.S. tariffs under Donald Trump's administration tempered gains.