Latest Shanghai News

World shares fall as Huawei sanctions stir trade fears

May. 17, 2019 7:30 AM EDT

SINGAPORE (AP) — Global markets were mostly lower on Friday amid worries that U.S. economic sanctions on Huawei may cast a pall on trade negotiations with China. Germany's DAX slid 0.8% to 12,215.20 and the CAC 40 in France lost 0.5% to 5,418.70. Britain's FTSE 100 fell 0.5% to 7,319.61. Stocks in the U.S....

8 people trapped in flooded mine in China's northeast

May. 17, 2019 4:09 AM EDT

BEIJING (AP) — Chinese authorities say eight people remain trapped Friday in a flooded iron mine in the country's northeast. The accident comes a day after 10 people were killed when a building being refurbished in the financial hub of Shanghai collapsed. Both incidents underscore continuing problems with...

Players debate necessary punishment after Kyrgios outburst

May. 16, 2019 5:24 PM EDT

ROME (AP) — Nick Kyrgios' latest outburst of unruly behavior has other players split on whether the temperamental Australian should be handed a long-term ban. Kyrgios walked off the court and threw a chair onto the red clay during a fit of rage during his second-round match at the Italian Open on Thursday,...

Stocks resilient in face of latest US trade moves

May. 16, 2019 8:06 AM EDT

LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China. In Europe, Germany's DAX was up 0.9% to 12,204 while the FTSE 100 index of leading British shares...

At least 9 trapped in Shanghai building collapse

May. 16, 2019 3:12 AM EDT

SHANGHAI (AP) — A building that was being refurbished collapsed Thursday in downtown Shanghai, and at least nine people are trapped while 11 have been pulled from the rubble. The building being converted into an auto showroom fell around 11:30 a.m., and the city's rescue service said 24 emergency vehicles...

Asian stocks mixed on trade jitters, reported tariff delay

May. 15, 2019 11:26 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. On Wall Street, a promising update on the Trump administration's efforts to reach a trade deal with Canada and Mexico by Treasury...

Global stocks subdued as trade dispute remains in focus

May. 15, 2019 7:55 AM EDT

BEIJING (AP) — Stock markets mostly turned lower in European trading Wednesday over the trade dispute between the U.S. and China, even though President Donald Trump said a settlement was still possible. London's FTSE 100 slipped 0.1% to 7,235 while France's CAC 40 shed 0.4% to 5,321. Despite a report that...

Asian stocks follow Wall Street higher

May. 15, 2019 12:48 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors mulled the likely costs of U.S. and Chinese tariff...

Stock markets stabilize after tumble over trade dispute

May. 14, 2019 7:18 AM EDT

BANGKOK (AP) — World stock markets turned higher on Tuesday, stabilizing after heavy losses on Wall Street, as investors monitor the escalating dispute between China and the U.S. over trade. The FTSE 100 in Britain rose 0.9% to 7,230, while France's CAC 40 advanced 1.2% to 5,324. Germany's DAX advanced...

Markets Right Now: Asian stocks fall as trade war escalates

May. 13, 2019 11:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 10:15 p.m. Shares have opened moderately lower in Asia after a day of heavy losses on Wall Street. The Shanghai Composite index fell 0.3% while Japan's Nikkei 225 lost 0.7% early Tuesday. Hong Kong's Hang Seng slipped 1.5%,...