Asian Stocks Rise on China Trade, Trump’s Tax Cut Talk

Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. China’s January exports rose 7.9 percent from a year earlier, while imports jumped 16.7 percent, beating expectations, preliminary data showed, getting the economy off to a strong start in 2017.