Asian shares mostly rise after last week’s Wall Street rallies

TOKYO (AP) — Asian shares were mostly higher Monday, after Wall finished the previous week near their record levels.

Hong Kong’s Hang Seng added 0.4% to 26,505.18. The Shanghai Composite edged up 0.2% to 3,878.57. Worries are simmering about China’s economy, as analysts say the data for August aren’t strong enough to reflect ongoing dynamic growth, especially given the damage from U.S. President Donald Trump’s tariff policies. China’s retail sales rose 3.4%, and factory output was up 5.2%.

“The underlying flow is shifting. For years, Beijing leaned on exports as the carry trade that kept growth rolling even as property cracked. But with Trump’s tariffs slicing through supply chains, that leg of the trade is gone,” said Stephen Innes, managing partner at SPI Asset Management.

Australia’s