Latest Shanghai News

Asian shares advance after meager gains on Wall Street

Dec. 6, 2019 12:08 AM EST

BANGKOK (AP) — Shares swung higher in Asia on Friday after a wobbly day of trading on Wall Street as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks. Hong Kong’s Hang Seng rose 0.7% to 26,389.36, while the Nikkei 225 in Japan picked up...

Chinese woman who trespassed at Mar-a-Lago in ICE custody

Dec. 4, 2019 7:11 PM EST

FORT LAUDERDALE, Fla. (AP) — A Chinese businesswoman convicted of trespassing at President Donald Trump’s Mar-a-Lago resort and lying to federal agents has been handed over to immigration officials. U.S. Immigration and Customs Enforcement records showed Wednesday that 33-year-old Yujing Zhang was...

Global stocks turn higher on renewed trade hopes

Dec. 4, 2019 8:29 AM EST

BEIJING (AP) — Global stock markets turned higher on Wednesday on hopes that negotiations toward a U.S.-China trade deal are proceeding despite tough rhetoric from U.S. President Donald Trump. Sentiment improved during European trading hours, with indexes and Wall Street futures pushing higher. Trump said...

Asian stocks follow Wall Street lower on trade worries

Dec. 4, 2019 12:11 AM EST

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year. Benchmarks in Tokyo and Hong Kong fell more than 1% while Shanghai and South Korea also retreated. Trump said he has "no deadline" for a...

Global markets steady at start of busy economic data week

Dec. 2, 2019 8:19 AM EST

LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited developments on the U.S.-China trade talks front and a raft of economic data this week that culminates with monthly U.S. jobs figures. In Europe, Germany’s DAX was down 0.2% at 13,205 while the CAC 40 in...

China, Russia launch massive joint gas pipeline

Dec. 2, 2019 7:00 AM EST

BEIJING (AP) — China and Russia launched on Monday a gas pipeline that is more than 6,000 kilometers (3,750 miles) long, an outcome of their long-planned energy partnership. As its relationships with Europe and the United States have grown more volatile, Russia is looking to bring its vast natural gas...

Asian stocks rise after China factory activity improves

Dec. 1, 2019 11:59 PM EST

BEIJING (AP) — Asian stock markets rose Monday after Chinese factory activity improved ahead of a possible U.S. tariff hike on Chinese imports. Benchmarks in Shanghai, Tokyo and Hong Kong advanced. Monthly surveys showed Chinese manufacturing output rose in November, defying expectations of a decline. That...

World shares mostly slide in ‘Black Friday’ retreat

Nov. 29, 2019 7:52 AM EST

BEIJING (AP) — Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a “Black Friday” sell-off, and with U.S. traders largely out for a long weekend. U.S. financial markets were closed Thursday for the Thanksgiving holiday and will have a...

Asian shares slide on weak Japan data; US markets closed

Nov. 28, 2019 10:51 PM EST

BEIJING (AP) — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions. U.S. markets were closed for the Thanksgiving holiday and will have a half-day session on Friday. Japan’s Nikkei 225 index lost 0.1%...

Asian shares retreat after Trump approval of Hong Kong bill

Nov. 27, 2019 10:56 PM EST

BEIJING (AP) — Asian shares were mostly lower on Thursday after President Donald Trump signed a bill expressing support for human rights in Hong Kong. China reacted with indignation to the legislation, which Congress passed with overwhelming support. The government issued multiple statements threatening...