Asian shares up, Shanghai slips as virus fears cloud outlook

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TOKYO (AP) — Asian stock are mostly higher, but skepticism astir the determination economical outlook tempered the rally amid worries astir further waves of COVID-19 outbreaks. Benchmarks successful Japan, China, Australia and South Korea gained, portion Shanghai declined. Japan’s ruling enactment holds an predetermination aboriginal this week to take a leader, who is apt to beryllium the adjacent premier minister. All the candidates are promising further fiscal stimulus measures. In Singapore, further COVID-19 restrictions kicked disconnected successful an effort to curb the virus’ spread, arsenic regular caller cases topped the highest reached successful April past year. Wall Street ended past week mixed. 

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