Global shares fall as virus cases spike in China
Global shares mostly fell Thursday after China reported a spike in COVID-19 cases. The shock resignation of Britain's Treasury chief further knocked U.K. share prices.
China reported 254 new deaths and an increase in virus cases of 15,152, after the hardest-hit province of Hubei applied a new classification system that broadens the scope of diagnoses for the outbreak, which has spread to more than 20 countries.
The rise came as a surprise for investors, who had become more at ease because of a recent decline in the daily number of new cases. Now questions are being asked about whether the rest of China is reporting the number of infections accurately.
