World shares mostly higher; Tokyo slips as virus cases surge

By The Associated Press3 days ago

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BANGKOK -- World shares were mostly higher Thursday though Tokyo's benchmark declined as reports of rising coronavirus cases raised alarm over another setback in the recovery from the pandemic.

Germany's DAX rose 0.2% to 15,199.69 while the CAC 40 in Paris climbed 0.5% to 6,160.41. Britain's FTSE 100 edged 0.1% higher to 6,890.55.

The future contract for the S&P 500 added 0.3% to 4,083.30. The future for the Dow industrials gained less than 0.1% to 33,348.00.

Trading has been subdued this week as many countries grapple with a resurgence of COVID-19 cases and hospitalizations as new infections appear to be outpacing inoculations in many places.

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Tokyo reported 545 new cases Thursday, the highest since early February, and its governor asked the central government to let her issue binding orders under a new virus prevention law that includes penalties for business owners who defy measures and compensation for those who comply. Osaka in western Japan declared a medical emergency as its hospitals became inundated with new cases.

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