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Asian Shares Gain, Oil Prices up After Russia Price Cap Deal
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Asian Shares Gain, Oil Prices up After Russia Price Cap Deal

Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports.Hong Kong’s benchmark jumped 3.7% and the Shanghai Composite added 1.6%.Hopes for fewer disruptions to manufacturing and trade have risen as Chinese authorities begin lifting some of the most onerous restrictions imposed to contain outbreaks of the coronavirus, even as they say their “zero-COVID” strategy — which aims to isolate every infected person — is still in place. The curbs have included lockdowns of neighborhoods or buildings, frequent mandatory testing and shutdowns of factories and other businesses.China recently saw several days of protests across cities including Sha...