Stocks in Asia advanced on Monday, lifted by a rally on Wall Street Friday, as concerns of higher and faster rate hikes eased. The Hang Seng jumped almost 3% and the Shanghai Composite hit a near 4-month peak, boosted by the biggest daily cash injection in near 3 months made by the PBoC as it seeks to ease pressure from rising cash demand toward the end of H1. Markets in South Korea, Japan, and Australia all gained over 1%, each.
