Asian stocks largely higher after Wall Street hits record

Shanghai led several Asian stock markets higher Monday as traders bet on fresh economy-boosting measures in China, while another record-breaking close on Wall Street also supported regional markets. In late trade Shanghai was up 2.30 percent while Hong Kong rallied 1.52 percent. Shanghai and Hong Kong continued their upsurge as a recent run of weak data fuels expectations Beijing will add to its two interest rate cuts since November and two reductions in bank reserve requirements. Hong Kong'