Asian stocks were mostly higher and oil prices rose on Monday after the European Union and the Group of Seven Democracies agreed on a boycott of most Russian oil and oil prices a price cap of $60 per barrel on Russian exports.

Hong Kong’s benchmark Hang Seng Index
HSI,
+3.62%

jumped 3.5% and the Shanghai Composite
SHCOMP,
+1.70%

Added 1.6%.

Hopes for less disruption to manufacturing and trade have risen as the Chinese…



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