World shares edge up as economies slowly reopen – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

World shares edge up as economies slowly reopen – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

BANGKOK (AP) - World shares were mostly higher on Tuesday as countries gradually lifted restrictions on business and public life, though worries over fresh outbreaks of coronavirus cases persisted.. That includes small but disconcerting increases of new infections in South Korea, China and elsewhere.. But in a sign that businesses are still suffering, major business lobbies in Germany, Italy and France published an appeal for more economic support across Europe.. The industry group said the market is showing "obvious signs of recovery.". Japan's Nikkei 225 edged 0.1% lower to 20,366.48, while South Korea's Kospi gave up 0.7% to 1,922.17.Australia's S&P/ASX 200 fell 1.1% to 5,403.00 after the country's treasurer said the country faces a "sobering" economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October.. An uptick in cases in South Korea has added to concern over the potential for rebounds in new coronavirus infections in places that relax restrictions.. More than 100 new cases have been reported that were linked to bars and clubs, more than half of them in the capital, Seoul.. It fell 60 cents, or 2.4%, to settle at $24.14 a barrel on