Latest Shanghai News

Asian stocks rise on report of revived US-China trade talks

Jul. 24, 2019 12:04 AM EDT

BEIJING (AP) — Asian stock markets rose Wednesday following a report U.S. and Chinese trade envoys will meet for talks next week. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all advanced. Investors were encouraged by a Bloomberg News report that U.S. officials including Trade Representative Robert...

Li Peng, Chinese premier during Tiananmen crackdown, dies

Jul. 23, 2019 11:50 PM EDT

BEIJING (AP) — The legacy of former Chinese Premier Li Peng is reflected in modern China itself, where extended and broad-based economic growth is inextricably coupled with authoritarian political controls. Li, who died Monday at 90, warned Tiananmen Square pro-democracy protesters in May 1989 that "the...

Global stocks rise on hopes for US-China trade talks

Jul. 23, 2019 7:44 AM EDT

BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone conversations,...

Asian stocks rise on hopes for US-China trade talks

Jul. 23, 2019 3:15 AM EDT

BEIJING (AP) — Asian stock markets rose Tuesday on optimism over possible new U.S.-China talks despite concerns about rising Middle East tensions. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all climbed. Traders were encouraged by U.S. Treasury Secretary Steven Mnuchin's suggestion last week that...

Stocks subdued as oil rises again on Mideast tensions

Jul. 22, 2019 7:51 AM EDT

TOKYO (AP) — Global stock markets were subdued Monday while the price of oil climbed as tensions in the Persian Gulf escalated after Iran's seizure of a British oil tanker on Friday. The price of oil rose 1.3% as the British government is due to chair an emergency meeting to discuss possible responses to...

Asian shares lower, Shanghai STAR tech board shares surge

Jul. 22, 2019 1:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Prices of the 25 companies listed on the Shanghai Stock Exchange's STAR Market more than doubled, with one company, Anji...

China launches STAR, tech stock market to boost industry

Jul. 20, 2019 8:45 PM EDT

BEIJING (AP) — Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to...

Oil price rises on Mideast tensions, stock markets cautious

Jul. 19, 2019 7:07 AM EDT

BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as investors monitor earnings and the ongoing trade talks between China and the U.S. Energy prices...

Global stocks mostly slide on trade war fears

Jul. 18, 2019 7:34 AM EDT

BEIJING (AP) — Global stock markets mostly fell on Thursday after U.S. President Donald Trump said he could impose more tariffs on Chinese goods and Japan's exports tumbled. Benchmarks in London, Frankfurt, Shanghai and Tokyo all declined, as did Wall Street futures. Trump alarmed investors by saying he...

China launches STAR, tech stock market to boost industry

Jul. 18, 2019 1:39 AM EDT

BEIJING (AP) — Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to...