Latest Shanghai News

This Sunday, Aug. 2, 2020, satellite image released by NASA shows Typhoon Hagupit approaching Taiwan, center left. Vulnerable coastal areas of eastern China are being evacuated in anticipation of Typhoon Hagupit making landfall late Monday, Aug. 3, 2020, bringing gales and heavy rainfall at a time when much of the country is still recovering from unusually summer heavy flooding.  (NASA Worldview, Earth Observing System Data and Information System (EOSDIS) via AP)

Typhoon brings heavy rain, winds to Shanghai, coastal China

Aug. 3, 2020 8:37 PM EDT

BEIJING (AP) — A typhoon brought high winds and heavy rains to China's eastern coastal areas including the financial hub of Shanghai early Tuesday. China’s National Meteorological Center said Typhoon Hagiput made landfall in Zhejiang province around 3:30 a.m., with winds blowing up to 136.8...

FILE - In this Tuesday, July 7, 2020 file photo, pedestrians wearing protective masks during the coronavirus pandemic pass by the New York Stock Exchange in New York. Wall Street is starting August with more gains, and U.S. stocks are climbing in early Monday, Aug. 3, 2020 trading following encouraging reports from around the world on the economy. (AP Photo/Frank Franklin II, File)

Stocks rally worldwide, S&P 500 back to within 3% of record

Aug. 3, 2020 4:38 PM EDT

NEW YORK (AP) — Stocks started August with more gains, and a worldwide rally on Monday sent Wall Street back to where it was just a couple days after it set its record earlier this year. The S&P 500 tacked 0.7% more onto its four-month winning streak, and Big Tech once again led the way. The index...

This Sunday, Aug. 2, 2020, satellite image released by NASA shows Typhoon Hagupit approaching Taiwan, center left. Vulnerable coastal areas of eastern China are being evacuated in anticipation of Typhoon Hagupit making landfall late Monday, Aug. 3, 2020, bringing gales and heavy rainfall at a time when much of the country is still recovering from unusually summer heavy flooding.  (NASA Worldview, Earth Observing System Data and Information System (EOSDIS) via AP)

Vulnerable eastern China areas evacuated ahead of typhoon

Aug. 3, 2020 5:22 AM EDT

BEIJING (AP) — Vulnerable coastal areas were being evacuated and fishing boats recalled to port before a typhoon was expected to bring heavy rains to eastern China late Monday as much of the country is still recovering from unusually summer heavy flooding. Typhoon Hagupit had gusts of up to 90 kilometers...

People wearing face masks walk by an electronic stock board of a securities firm in Tokyo, Monday, Aug. 3, 2020. Asian shares were mixed on Monday, as investors watched surging numbers of new coronavirus cases in the region, including in Japan. (AP Photo/Koji Sasahara)

Asian shares mixed on US-China tensions, Wall Street gains

Aug. 3, 2020 2:23 AM EDT

TOKYO (AP) — Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. U.S. Secretary of State Mike Pompeo's weekend comments that President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software...

A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)

Asian benchmarks tumble, looking to earnings, central banks

Jul. 31, 2020 12:16 AM EDT

TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout from the...

Currency trader watch computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, July 30, 2020. Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy. (AP Photo/Lee Jin-man)

Asian stocks gain after Fed keep US interest rates low

Jul. 29, 2020 11:49 PM EDT

BEIJING (AP) — Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul all gained. Lower interest rates and investor optimism about a possible coronavirus vaccine have helped global...

A woman wearing face masks walks past a bank's electronic board showing the Hong Kong share index in Hong Kong Wednesday, July 29, 2020. Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic.(AP Photo/Vincent Yu)

Asian shares mixed amid dismal earnings, Wall Street slump

Jul. 29, 2020 12:22 AM EDT

TOKYO (AP) — Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic. Tokyo's Nikkei 225 index lost 0.9% after Fitch Ratings downgraded its outlook for Japan to “negative” from...

A woman wearing a face mask stands beneath a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, July 28, 2020. Shares advanced in Asia on Tuesday after U.S. stocks resumed their upward march on Wall Street, while the price of gold pushed to nearly $1,970 per ounce. (AP Photo/Vincent Yu)

Asian shares advance after Wall St rally; gold extends gains

Jul. 27, 2020 11:37 PM EDT

MITO, Japan (AP) — Shares advanced in Asia on Tuesday after U.S. stocks resumed their upward march on Wall Street, while the price of gold pushed to nearly $1,970 per ounce. Benchmarks climbed in Hong Kong, Tokyo and Shanghai after the S&P 500 rose 0.7% overnight. Much attention will be focused on a...

A man wearing a face mask and a shield walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 27, 2020. Asian stock markets were mixed Monday amid U.S.-China tension and concern a recovery from the coronavirus pandemic might be weakening. (AP Photo/Vincent Yu)

Gold surges, Asian stocks mixed amid US-China feud, pandemic

Jul. 27, 2020 12:31 AM EDT

BEIJING (AP) — Asian stock markets were mixed and gold surged to a record price Monday amid U.S.-China tensions and concern a recovery from the coronavirus pandemic might be weakening. Tokyo declined while Shanghai and Hong Kong swung between gains and losses. Australia advanced. Wall Street ended last...

Models wearing face masks pose during a mask fashion show in Seoul, South Korea, Friday, July 24, 2020. (AP Photo/Lee Jin-man)

The Latest: S Korea has 100+ cases for 1st time in 4 months

Jul. 24, 2020 9:54 PM EDT

SEOUL, South Korea — South Korea has reported 113 newly confirmed cases of COVID-19 over the past 24 hours — its first daily jump above 100 in nearly four months. But the rise was expected as health authorities had forecast a temporary spike driven by imported infections found among cargo-ship...