TOKYO (AP) — Global shares mostly declined Thursday amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Oil prices fell. China is maintaining its “zero-COVID” approach of mass testing many people alongside localized lockdowns and quarantines to eliminate the coronavirus entirely. Any worsening could cause spikes in prices for oil, gas and other commodities that the region produces. U.S. crude oil prices initially rose, before settling 1.5% lower Wednesday.
Continue reading...