Latest Shanghai News

Funeral home workers carry the coffin of Pedro Miguel Infante Vilchez, 80, who died from COVID-19, to the

The Latest: Portugal halts flights to UK over virus variant

Jan. 22, 2021 4:44 AM EST

LISBON, Portugal -- Portugal is stopping flights to and from the United Kingdom from Saturday, blaming a COVID-19 variant first identified in the U.K. for a devastating surge in new Portuguese cases. The move comes a week after the British government halted flights to and from Portugal in an effort to prevent a...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 22, 2021. Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. (AP Photo/Lee Jin-man)

Global stocks sink after China coronavirus resurgence

Jan. 22, 2021 4:32 AM EST

BEIJING (AP) — Global stock markets and U.S. futures retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. London and Frankfurt opened lower and Shanghai, Hong Kong and Tokyo declined. Optimism about the rollout of coronavirus vaccines was dented by a...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 22, 2021. Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. (AP Photo/Lee Jin-man)

Asian stocks sink after China coronavirus resurgence

Jan. 21, 2021 11:28 PM EST

BEIJING (AP) — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. Shanghai, Hong Kong, Tokyo and Australia declined. South Korea advanced. Overnight, Wall Street closed higher. Gains for tech stocks offset losses elsewhere....

A man carries a child, both wearing face masks to help curb the spread of the coronavirus, as they stroll along a street near the popular frozen Houhai Lake in Beijing, Thursday, Jan. 21, 2021. China is making some of its toughest travel restrictions yet as coronavirus cases surge in several northern provinces ahead of the travel rush for Lunar New Year on next month. (AP Photo/Andy Wong)

The Latest: Shanghai locks down 2 major hospitals over cases

Jan. 21, 2021 10:33 PM EST

BEIJING — Shanghai has imposed lockdowns on two of China’s best-known hospitals after they were linked to new coronavirus cases. Outpatient services have been suspended at Fudan University Shanghai Cancer Center and Renji Hospital, both of which have been cordoned off along with some surrounding...

Police officers and workers in protective suits close off a neighborhood as it is placed under lockdown in Shanghai, China, Thursday, Jan. 21, 2021. Shanghai has imposed lockdowns on two of China's best-known hospitals and some surrounding residential communities after they were linked to new coronavirus cases. (Chinatopix via AP)

Asia Today: Shanghai outbreak prompts 2 hospital lockdowns

Jan. 21, 2021 10:31 PM EST

BEIJING (AP) — Shanghai has imposed lockdowns on two of China's best-known hospitals after they were linked to new coronavirus cases. Outpatient services have been suspended and Fudan University Shanghai Cancer Center and Renji Hospital affiliated with Shanghai Jiao Tong University School of Medicine, have...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)

Asian shares rise on optimism for more stimulus from Biden

Jan. 20, 2021 11:07 PM EST

TOKYO (AP) — Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, setting off a recovery that's crucial for the export-driven...

FILE - In this Oct. 12, 2018, file photo, Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. China’s highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday, Jan. 20, 2021, in a video posted online, ending a 2 1/2-month disappearance from public view that prompted speculation about his status and his business empire’s future. In the 50-second video, Ma congratulated teachers supported by his charitable foundation and made no mention of his absence from public view and scrutiny of his Alibaba Group and Ant Group by regulators.(AP Photo/Firdia Lisnawati, File)

Jack's back: Chinese e-tycoon ends silence with online video

Jan. 20, 2021 1:44 AM EST

BEIJING (AP) — China’s highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group. In the 50-second video, Ma congratulated teachers...

People are reflected on the electronic board of a securities firm in Tokyo, Wednesday, Jan. 20, 2021. Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as president, ending President Donald Trump’s four-year term. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. (AP Photo/Koji Sasahara)

Japan shares fall on pandemic worries as rest of Asia rises

Jan. 19, 2021 10:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia's...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Jan. 18, 2021. Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020. (AP Photo/Vincent Yu)

World shares subdued despite strong growth data from China

Jan. 18, 2021 12:06 PM EST

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo on Monday but advanced in Hong Kong, Paris and Shanghai. Most U.S. markets are closed for a national holiday. Investors appear to...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 15, 2021. Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. (AP Photo/Lee Jin-man)

Asian shares mixed following Biden speech, Wall St retreat

Jan. 14, 2021 11:08 PM EST

Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden...