Latest Shanghai News

Proclamation, plan for temples unveiled at Mormon conference

Apr. 6, 2020 3:49 PM EDT

SALT LAKE CITY (AP) — The Church of Jesus Christ of Latter-day Saints presented a new proclamation and announced the opening of eight new temples during its annual conference. Church President Russell Nelson unveiled the developments Sunday during the 190th Annual General Conference. The proclamation...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York. Global stocks are down, Friday, April 3, after the U.S. government said employers cut 701,000 jobs in March as they shut down or sharply curtailed business due to the coronavirus outbreak. (AP Photo/Mary Altaffer, File)

Stocks drop as coronavirus crunches the job market, economy

Apr. 3, 2020 4:41 PM EDT

NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said...

In this photo taken from video provided by the New York Stock Exchange, Robert Glorioso, Chief, Building Engineering Operations, rings the opening bell at the NYSE, Thursday, April 2, 2020. Stocks are wavering between small gains and losses early Thursday after a report showed a record number of Americans lost their jobs last week due to the coronavirus outbreak. (New York Stock Exchange via AP)

Asian stocks mixed after Wall Street rises on pricier oil

Apr. 2, 2020 11:53 PM EDT

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. Tokyo and Seoul rose while Shanghai, Hong Kong and Sydney...

A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 2, 2020. Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased.(AP Photo/Kin Cheung)

Asian stocks mixed as economic toll of virus worsens

Apr. 2, 2020 12:04 AM EDT

BEIJING (AP) — Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased. Benchmarks in Tokyo and Hong Kong opened lower but were trading higher by...

The Latest: Sparks guard Wiese tests positive for virus

Mar. 27, 2020 6:36 PM EDT

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Los Angeles Sparks guard Sydney Wiese posted on Twitter that she tested positive for COVID-19. Wiese said that she was “feeling well — fortunate to only show mild symptoms, but I am capable of spreading...

In this image provided by Jay Woods,  Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020.  Stocks are opening lower on Wall Street, Friday, March 27,  as the market gives back some of the gains it piled up over the past three days.  (Shannon Woods/Courtesy Jay Woods via AP)

Stocks drop, but hold on to weekly gains after a big rally

Mar. 27, 2020 5:22 PM EDT

Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus. The S&P 500 closed 3.4% lower, but still climbed 10.3% for the week, its...

A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 27, 2020. Shares are mostly higher in Asia after stocks surged again on Wall Street with the approaching approval of a massive coronavirus relief bill by Congress.(AP Photo/Eugene Hoshiko)

Asian shares advance after stimulus surge on Wall Street

Mar. 26, 2020 11:39 PM EDT

BANGKOK (AP) — Shares advanced on Friday in Asia after Wall Street logged a third straight day of gains with the approaching congressional approval of a massive coronavirus relief bill. Tokyo and Seoul jumped 1.2% and Shanghai added 0.6%, while stocks fell in Australia. Wall Street appeared to shrug off...

In this image provided by Jonathan Corpina, Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners Inc., who normally works on the New York Stock Exchange trading floor, works in his home office in Armonk, NY., Wednesday, March 25, 2020. Stocks are wobbling in tentative trading Wednesday as a historic, worldwide rally downshifts dramatically after just a day. (Danielle Corpina/Courtesy Jonathan Corpina via AP)

Stocks have first back-to-back gains since sell-off began

Mar. 26, 2020 12:34 AM EDT

BEIJING (AP) — Asian stocks were mixed Thursday after Wall Street gained as U.S. lawmakers wrangled over a proposed $2 trillion virus aid package. Market benchmarks in Tokyo and Shanghai declined. Australia and Southeast Asian markets gained. Jakarta jumped 10%. New York futures were lower, with the...

A currency trader walks by 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, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. (AP Photo/Lee Jin-man)

Asian shares jump after Dow sees biggest gain since 1933

Mar. 24, 2020 10:07 PM EDT

NEW YORK (AP) — Shares opened sharply higher in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 with Congress and the White House nearing a deal on injecting nearly $2 trillion of aid into an economy ravaged by the coronavirus. Japan's Nikkei 225 index jumped...

A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. (AP Photo/Lee Jin-man)

Asian stocks gain after U.S. Fed promises economic support

Mar. 24, 2020 12:13 AM EDT

BEIJING (AP) — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. Market benchmarks in Tokyo and South Korea rose nearly 7% while Shanghai, Hong Kong and Australian markets also...