Latest Shanghai News

Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Nov. 07, 2024 17:16 PM EST

NEW YORK (AP) — Most U.S. stocks rose Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 climbed 0.7% to add to its surge from the day before following Donald Trump’s presidential victory. The Dow Jones Industrial...

Daqo: Q3 Earnings Snapshot

Oct. 30, 2024 06:19 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Daqo New Energy Corp. (DQ) on Wednesday reported a loss of $60.7 million in its third quarter. On a per-share basis, the Shanghai-based company said it had a loss of 92 cents. The solar panel parts maker posted revenue of $198.5...

Djokovic to meet Fritz in Shanghai semis and Sabalenka to play Gauff in Wuhan

Oct. 11, 2024 11:29 AM EDT

SHANGHAI (AP) — Novak Djokovic and Taylor Fritz advanced to a semifinal matchup at the Shanghai Masters on Friday. Four-time champion Djokovic fought back from a set down to beat Czech player Jakub Mensik 6-7 (4), 6-1, 6-4 in the quarterfinals. Mensik, ranked 65th,...

Stock market today: Wall Street sets more records after Shanghai's worst drop since early COVID

Oct. 09, 2024 17:26 PM EDT

NEW YORK (AP) — U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The S&P 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones Industrial Average climbed 431 points, or 1%, to hit...

Chinese shares sink as investors dump shares after recent rallies, with Shanghai's benchmark down 6.6%

Oct. 09, 2024 03:16 AM EDT
HONG KONG (AP) — Chinese shares sink as investors dump shares after recent rallies, with Shanghai's benchmark down 6.6%.

Coco Gauff wins China Open final in straight sets, Sinner and Alcaraz advance in Shanghai

Oct. 06, 2024 15:24 PM EDT

BEIJING (AP) — Coco Gauff won her second title this season with a lopsided 6-1, 6-3 victory over Karolina Muchova in the final of the China Open on Sunday. Aged 20, the sixth-ranked U.S. player became the youngest China Open champion in 14 years. She is also the second American...

Gauff rallies to reach China Open final and Sinner, Alcaraz and Djokovic win in Shanghai

Oct. 05, 2024 14:19 PM EDT

BEIJING (AP) — Coco Gauff rallied from a set down for the third consecutive match as she beat Paula Badosa 4-6, 6-4, 6-2 to reach the China Open final on Saturday. The sixth-ranked Gauff will play Karolina Muchova of the Czech Republic in Sunday's final. Muchova...

Knife attack in Shanghai supermarket kills 3, injures 15 others

Sep. 30, 2024 23:59 PM EDT

BEIJING (AP) — A knife attack at a supermarket in Shanghai killed three people and injured 15 others, local police said. A 37-year-old man surnamed Lin was taken into custody by police responding to the report of the attack Monday evening, the local Songjiang police branch said in...

2 people reported dead in China as Typhoon Bebinca is downgraded to a tropical storm

Sep. 17, 2024 00:32 AM EDT

BEIJING (AP) — Two people died in China’s eastern Jiangsu province as Typhoon Bebinca brought torrential rains and powerful winds before easing into a tropical storm, state media reported Tuesday. Two residents of Zhoushi Town, about 80 kilometers (31 miles) northwest of...

Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes

Sep. 16, 2024 07:10 AM EDT

TAIPEI, Taiwan (AP) — The strongest typhoon to hit Shanghai since at least 1949 flooded roads with water and broken tree branches, knocked out power to some homes and injured at least one person as it swept over the financial hub Monday. More than 414,000 people had been evacuated...