Latest Shanghai News

Asian shares mostly rise as markets digest Fed moves

Jun. 17, 2021 23:58 PM EDT

TOKYO (AP) — Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark added 0.3% in morning trading to 29,108.23. South Korea's Kospi edged 0.1% higher...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Jun. 16, 2021 23:19 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously...

Asian shares mixed in quiet trading ahead of US Fed decision

Jun. 15, 2021 23:26 PM EDT

TOKYO (AP) — Asian shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6% in May from the previous...

Pioneering investor dubbed 'China's First Shareholder' dies

Jun. 15, 2021 04:47 AM EDT

BEIJING (AP) — A former factory worker known as “China’s First Shareholder” after he amassed a fortune trading in the country’s infant financial markets starting in the 1980s has died, news reports said Tuesday. Yang Huaiding died Sunday at 71, the state-owned...

Asian shares mixed after US inflation jumps 5% in May

Jun. 11, 2021 00:49 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in U.S. consumer prices in May. Shanghai fell, Tokyo was flat, while shares rose in Hong Kong, Seoul and Sydney. On...

Asian shares mixed as China reports jump in inflation

Jun. 09, 2021 00:14 AM EDT

Asian shares were mixed on Wednesday after China reported a big jump in factory gate prices at a time when inflation is a top investor concern. Shares fell in Tokyo, Seoul and Sydney but rose in Shanghai and Hong Kong. China's producer price index,...

Asian shares edge lower after mixed finish on Wall Street

Jun. 07, 2021 23:43 PM EDT

BANGKOK (AP) — Stocks edged lower in Asia on Tuesday after a mixed finish on Wall Street, as investors weighed the risks of inflation against signs the recovery from the pandemic is gaining momentum. Benchmarks fell in Tokyo, Hong Kong and Shanghai and were flat in...

China defends Hungary university plan following protest

Jun. 07, 2021 07:59 AM EDT

BEIJING (AP) — China on Monday defended a plan to build a university in Hungary, saying critics who protested against it in Budapest over the weekend shouldn't politicize and stigmatize normal exchanges between the two countries. Several thousand people rallied in...

Hungary: Plan to build Chinese university branch protested

Jun. 05, 2021 16:12 PM EDT

BUDAPEST, Hungary (AP) — Several thousand people rallied in Hungary's capital Saturday against plans by Prime Minister Viktor Orban to host a Chinese university in Budapest. A strategic agreement that Hungary signed with Shanghai-based Fudan University envisages...

New Zealand's top court allows pathway for China extradition

Jun. 04, 2021 01:02 AM EDT

WELLINGTON, New Zealand (AP) — New Zealand's top court on Friday left open the possibility that a man could be extradited to China to face murder charges in a landmark case that has big diplomatic implications. It remains uncertain whether the extradition of Kyung Yup...