Latest Shanghai News

Asian shares edge higher, tracking Wall Street rally

Jan. 26, 2023 22:32 PM EST

TOKYO (AP) — Asian shares advanced Friday, tracking a rally on Wall Street following reports suggesting the economy and corporate profits may be doing better than feared. In Tokyo, data showed the core consumer price index was up 4.3%, slightly higher than expected at 4.2%, and...

Asian markets rise after Wall St losses amid recession fears

Jan. 19, 2023 22:56 PM EST

BEIJING (AP) — Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession. Shanghai, Tokyo and Hong Kong advanced. Seoul declined. Oil prices gained. Traders worry the Federal Reserve and other...

China's trade surplus swells to $877.6B as exports grow

Jan. 13, 2023 00:02 AM EST

BEIJING (AP) — China’s trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centers. Exports increased 7% from a year earlier to $3.95...

Asian markets mostly higher, tracking Wall Street gains

Jan. 12, 2023 23:29 PM EST

BANGKOK (AP) — Shares advanced Friday in Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher. Tokyo's Nikkei 225 index fell 1% to 26,174.88 on speculation that the Bank of Japan might relent and tighten its ultra-loose monetary...

Asian stock markets mixed ahead of US inflation update

Jan. 09, 2023 22:43 PM EST

BEIJING (AP) — Stock markets were mixed Tuesday ahead of a U.S. inflation update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes. Shanghai and Tokyo rose. Hong Kong and Sydney retreated. Oil prices declined. Traders...

Asian markets follow Wall St up but on track for annual loss

Dec. 29, 2022 22:48 PM EST

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday following encouraging U.S. employment data but were headed for double-digit losses for the year. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged higher. Wall Street's benchmark...

Stocks close lower on Wall Street, adding to recent losses

Dec. 27, 2022 16:36 PM EST

Stocks closed lower Tuesday, adding to the market's recent losses as Wall Street counts down its final days of a painful year for investors. The S&P 500 fell 0.4%, while the Nasdaq composite finished 1.4% lower. Both indexes were coming off their third straight weekly loss. The...

'A very hard road ahead' for China as COVID-19 cases spiral

Dec. 23, 2022 03:00 AM EST

BAZHOU, China (AP) — Nearly three years after it was first identified in China, the coronavirus is now spreading through the vast country. Experts predict difficult months ahead for its 1.4 billion people. China’s unyielding “zero-COVID” approach, which aimed to isolate all...

Asian markets follow Wall St lower amid gloomy outlook

Dec. 19, 2022 22:51 PM EST

BEIJING (AP) — Asian stock markets extended their losses Tuesday amid gloom about weaker global economic growth as central banks raise interest rates to cool inflation. Shanghai, Hong Kong and Sydney declined. Tokyo advanced. Oil prices rose almost $1 per barrel. ...

Asian stock markets sink under global recession fears

Dec. 18, 2022 22:53 PM EST

BEIJING (AP) — Asian stock markets fell again Monday as investors wrestled with fears the Federal Reserve and European central banks might be willing to cause a recession to crush inflation. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose by almost $1 per barrel but...