World shares mixed as virus, China-US strains weigh on mood

World shares were mixed Friday as rising coronavirus cases and tensions between the US and China weighed on sentiment. Stocks fell in Paris, Tokyo, Shanghai and Seoul but rose in London and Hong Kong. US futures edged higher. The Biden administration was expected to soon issue a warning to US firms about risks of doing business in Hong Kong, adding to strains between the two biggest economies. A resurgence of coronavirus cases across Asia and signs of rebounds elsewhere has cast uncertainty over recoveries in the region. “The virus situation across Southeast Asia has gone from bad to worse over the past couple of weeks, with Indonesia, Thailand, Malaysia and Vietnam all reporting a record high number of daily cases. While vaccine rollouts have accelerated in recent weeks, coverage across most of the region is still very low,” Capital Economics said in a report Friday. The relapses…