Latest Shanghai News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea on Jan. 8, 2020. Shares were mostly higher in Asia on Monday, Aug. 10, 2020 after President Donald Trump issued executive orders to provide tax relief and stopgap unemployment benefits for Americans hit by the fallout from the coronavirus pandemic. (AP Photo/Ahn Young-joon)

Asian shares mostly higher on stimulus moves, jobs data

Aug. 9, 2020 11:46 PM EDT

Shares were mostly higher in Asia on Monday after President Donald Trump issued executive orders to provide tax relief and stopgap unemployment benefits for Americans hit by the fallout from the coronavirus pandemic. Shares rose Monday in Sydney, Shanghai and Seoul, while markets were closed in Tokyo for a...

Haotong Li of China, chips to the green on the seventh hole during the second round of the PGA Championship golf tournament at TPC Harding Park Friday, Aug. 7, 2020, in San Francisco. (AP Photo/Charlie Riedel)

The Latest: Fowler misses 6-inch putt that could be costly

Aug. 7, 2020 5:27 PM EDT

SAN FRANCISCO (AP) — The latest from the PGA Championship at TPC Harding Park: ___ Cameron Tringale has been disqualified from the PGA Championship for signing an incorrect scorecard. Tringale bogeyed the par-3 eighth hole on Friday but put himself down for a 3. The PGA said Tringale returned to the...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 5, 2020. Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. (AP Photo/Vincent Yu)

Asian shares fall on jitters over US stimulus, China trade

Aug. 4, 2020 11:43 PM EDT

BEIJING (AP) — Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney declined. Investors are watching the stalemate among U.S. legislators over employment benefits for...

In this photo released by Xinhua News Agency, boats are moored to take shelter from the wind at the coastal area of Sansha Town of Xiapu County in southeastern China's Fujian Province, Monday, Aug. 3, 2020. Typhoon Hagiput brought high winds and heavy rains to China's eastern coastal areas including the financial hub of Shanghai early Tuesday, Aug. 4, 2020. China had ordered evacuations of vulnerable coastal areas in Zhejiang and Fujian provinces to the south, recalled fishing boats and suspended ferry service and some trains. (Lin Shanchuan/Xinhua via AP)

Heavy rains hit eastern China from weakening tropical storm

Aug. 4, 2020 7:17 AM EDT

BEIJING (AP) — Heavy rains and high winds were hitting China's eastern coastal region Tuesday from a tropical storm weakening as it neared Shanghai. Hagiput was a typhoon with winds blowing up to 137 kilometers (85 miles) per hour at its center when it made landfall in Zhejiang province in the early...

People wearing face masks stand by a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange on Tuesday, Aug. 4, 2020. Shares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February. (AP Photo/Vincent Yu)

Asian shares track worldwide rally as S&P 500 nears record

Aug. 4, 2020 12:07 AM EDT

Shares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February. Investors appear to be shrugging off surging coronavirus caseloads in dozens of countries. Tokyo's Nikkei 225 gained...

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...