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Asian shares up, Shanghai slips as virus fears cloud outlook

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By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Asian share are mostly higher, but skepticism about the regional economic outlook tempered the rally amid worries about further waves of COVID-19 outbreaks. Benchmarks in Japan, China, Australia and South Korea gained, while Shanghai declined. Japan’s ruling party holds an election later this week to choose a leader, who is likely to be the next prime minister. All the candidates are promising further fiscal stimulus measures. In Singapore, further COVID-19 restrictions kicked off in an attempt to curb the virus’ spread, as daily new cases topped the peak reached in April last year. Wall Street ended last week mixed. 

Associated Press

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