Latest Shanghai News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 27, 2020. Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. (AP Photo/Ahn Young-joon)

Stocks rise on Wall Street as S&P 500 hits record high

Nov. 27, 2020 2:10 PM EST

NEW YORK (AP) — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy. The benchmark index rose 8.70 points, or 0.2%, led by gains in technology companies, and closed at an all-time high of 3,638.35....

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 27, 2020. Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. (AP Photo/Ahn Young-joon)

Asian stocks fall amid unease about vaccine development

Nov. 26, 2020 10:41 PM EST

BEIJING (AP) — Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. Benchmarks in Tokyo, Hong Kong, Seoul and Sydney retreated while Shanghai gained. Investors have been encouraged by reports of progress toward a...

Israeli animal rights activists wearing protective gear demonstrate against the spread of coronavirus among mink in Denmark's fur industry ahead of international Fur Free Friday, in Tel Aviv, Tuesday, Nov. 24, 2020. (AP Photo/Oded Balilty)

The Latest: Tennessee won't mandate vaccines in its schools

Nov. 24, 2020 7:10 PM EST

NASHVILLE, Tenn. — Tennessee’s governor says that once coronavirus vaccines become available, they will be optional in the state’s K-12 public schools. Gov. Bill Lee said Tuesday that vaccines will be very important for Tennessee to “ultimately really be able to handle” the...

A medical worker scans the nucleic acid samples collected from a mass testing at a lab in north China's Tianjin Municipality on Monday, Nov. 23, 2020. China has reported new coronavirus cases in the cities of Shanghai and Tianjin as it seeks to prevent small outbreaks from becoming larger ones. (Chinatopix via AP)

Asia Today: China reports 2 virus cases after mass testing

Nov. 24, 2020 7:44 AM EST

BEIJING (AP) — China on Tuesday reported two new coronavirus cases in the cities of Shanghai and Tianjin as it seeks to prevent small outbreaks from becoming larger ones. The National Health Commission said there were two new locally spread cases in the previous 24-hour period, one in each city. It also...

A nurse walks COVID-19 tests back to the tent at the free COVID-19 testing site on Monday, Nov. 23, 2020 in Glenwood Springs, Colo. (Chelsea Self/Glenwood Springs Post Independent via AP)

The Latest: China reports results of mass testing

Nov. 23, 2020 10:56 PM EST

BEIJING — China has reported new coronavirus cases in the cities of Shanghai and Tianjin as it seeks to prevent small outbreaks from becoming larger ones. The National Health Commission said Tuesday that there were two new locally spread cases in the previous 24-hour period, one in each city. It also...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Nov. 24, 2020. Asian shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the U.S. to President-elect Joe Biden. (AP Photo/Vincent Yu)

Asian shares mostly rise on virus vaccine, Yellen hopes

Nov. 23, 2020 10:17 PM EST

TOKYO (AP) — Asian shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the U.S. to President-elect Joe Biden. The U.S. federal government recognized Biden as the “apparent winner” of the Nov. 3...

Daniel Zhang, Chairman and CEO of Alibaba Group, delivers a speech at the World Internet Conference in Wuzhen in east China's Zhejiang province Monday, Nov. 23, 2020. Zhang praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. (Chinatopix Via AP)

Alibaba CEO says regulations for internet firms 'necessary'

Nov. 23, 2020 11:01 AM EST

HONG KONG (AP) — The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. Beijing’s...

Airport workers wearing face masks to help curb the spread of the coronavirus wait for COVID-19 testing at the Shanghai Pudong International Airport in Shanghai, Monday, Nov. 23, 2020. Chinese authorities are testing millions of people, imposing lockdowns and shutting down schools after multiple locally transmitted coronavirus cases were discovered in three cities across the country last week. (AP Photo)

China tests millions after coronavirus flareups in 3 cities

Nov. 23, 2020 9:02 AM EST

BEIJING (AP) — Chinese authorities are testing millions of people, imposing lockdowns and shutting down schools after multiple locally transmitted coronavirus cases were discovered in three cities across the country last week. As temperatures drop, widescale measures are being enacted in Tianjin, Shanghai...

A man wearing a face mask walks past a banner showing precautions against the coronavirus in Seoul, South Korea, Monday, Nov. 23, 2020. (AP Photo/Lee Jin-man)

Asia Today: South Korea capital announces new virus controls

Nov. 23, 2020 7:50 AM EST

SEOUL, South Korea (AP) — Authorities in the South Korean capital on Monday announced a tightening of social distancing regulations, including shutting nightclubs, limiting service hours at restaurants and reducing public transportation. The measures going into effect on Tuesday also include a ban on...

People wearing face masks walk past a screen showing the precautions against the coronavirus in Seoul, South Korea, Friday, Nov. 20, 2020. The screen reads:

Asian stocks rise ahead of US economic data amid virus fears

Nov. 22, 2020 11:11 PM EST

BEIJING (AP) — Asian stocks rose Monday as investors looked ahead to quarterly U.S. economic data amid unease about anti-coronavirus curbs on business and wrangling over the American presidential election. Market benchmarks in Shanghai, Seoul and Sydney rose while Hong Kong retreated. Japanese markets were...