Latest Shanghai News

China ramps up war of rhetoric in trade standoff with US

May. 24, 2019 10:16 AM EDT

BEIJING (AP) — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There was no word from either side on progress toward...

Global stocks recover with focus on trade, Brexit

May. 24, 2019 7:32 AM EDT

TOKYO (AP) — Global stocks are rebounding following Thursday's sell-off, with markets hoping for an easing in the U.S.-China trade dispute and after British Prime Minister Theresa May said she plans to resign as of June 7. Investors appear to hope May's pending resignation could unblock the political...

Asia shares retreat on fears China-US trade row might spread

May. 24, 2019 12:15 AM EDT

TOKYO (AP) — Asian shares were mostly lower on Friday as worries that the standoff between the U.S. and China over trade might expand put investors in a selling mood. Japan's benchmark Nikkei 225 fell 0.5% to 21,053.95. Australia's S&P/ASX 200 lost 0.7% at 6,445.40. South Korea's Kospi dropped 0.9% to...

World shares sink as US-China spat takes center stage

May. 23, 2019 7:20 AM EDT

SINGAPORE (AP) — World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. Private surveys, meanwhile, showed continued weakness in the eurozone economy in May, with a slowdown in manufacturing and services. France's...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

World markets subdued amid trade uncertainty

May. 22, 2019 7:00 AM EDT

BANGKOK (AP) — World stock markets were subdued Wednesday as investors monitored developments in the U.S.-China trade war and looked ahead to the release of minutes to the U.S. Federal Reserve's last policy meeting. After a day of modest gains in Asia, Britain's FTSE 100 rose 0.5% to 7,362, while the DAX...

Global markets gain on Huawei grace period

May. 21, 2019 8:32 AM EDT

BEIJING (AP) — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors' anxiety over...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 2:03 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai, Seoul and Sydney advanced, while Tokyo and Hong Kong declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 12:49 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

World shares mixed with no easing of China-US trade dispute

May. 20, 2019 6:58 AM EDT

BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall Street...