Asia shares gain despite Chinese COVID case numbers rising

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Reuters UK

By Scott Murdoch SYDNEY (Reuters) – Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3%, after U.S. stocks ended the previous session with gains. The index is up 12% so far this month. Australian shares were up 0.7%, with most gains coming from mining and resources giants as a result of higher oil prices. Japan’s stock market was closed f…

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