Latest Shanghai News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 28, 2021. Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.(AP Photo/Ahn Young-joon)

Asian shares drop after US stocks' worst day since October

Jan. 27, 2021 9:59 PM EST

TOKYO (AP) — Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. Benchmarks in Japan, South Korea, Australia and China declined Thursday. The region is looking ahead to earnings season for a...

Indian policemen wearing face mask to prevent the spread of the coronavirus march during rehearsals of Republic Day parade in Kolkata, India, Friday, Jan. 22, 2021. (AP Photo/Bikas Das)

The Latest: India vaccinates 2 million health workers

Jan. 26, 2021 11:59 PM EST

NEW DELHI — India has vaccinated 2 million health workers in less than two weeks and recorded 12,689 new coronavirus positive cases in the past 24 hours, a sharp decline from a peak level of nearly 100,000 in mid-September. The health Ministry said the daily new cases had fallen below 10,000 on Tuesday...

A woman cycles past by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 27, 2021. Stocks were mixed in Asia on Wednesday after a lackluster session on Wall Street. (AP Photo/Koji Sasahara)

Asian shares mixed following lackluster day on Wall Street

Jan. 26, 2021 11:59 PM EST

Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...

Residents practice tai chi at a park in Wuhan in central China's Hubei Province on Saturday, Jan. 23, 2021. A year after it was locked down to contain the spread of coronavirus, the central Chinese city of Wuhan has largely returned to normal, even as China continues to battle outbreaks elsewhere in the country. (AP Photo/Ng Han Guan)

Wuhan returns to normal as world still battling pandemic

Jan. 23, 2021 3:36 AM EST

WUHAN, China (AP) — A year ago, a notice sent to smartphones in Wuhan at 2 a.m. announced the world's first coronavirus lockdown, bringing the bustling central Chinese industrial and transport center to a virtual standstill almost overnight. It would last 76 days. Early Saturday morning, however, residents...

Dr. Angel Temponi, left, administers the second dose of the Moderna vaccine to Dr. Barton Bernstein Tuesday, Jan. 19, 2021 at Yuma Regional Medical Center in Yuma, Ariz. (Randy Hoeft/The Yuma Sun via AP)

The Latest: Arizona COVID-19 cases down despite high rate

Jan. 22, 2021 6:26 PM EST

PHOENIX -- Health officials say the number of COVID-19 cases and hospitalizations in Arizona are declining despite the state having the worst infection rate in the country. Department of Health Services Director Dr. Cara Christ said Friday that the number of patients and even the positivity test rate have dipped...

In this photo provided by the New York Stock Exchange, traders work on the floor during the United Wholesale Mortgage IPO, Friday, Jan. 22, 2021. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)

Mixed finish on Wall Street as worldwide rally takes a pause

Jan. 22, 2021 4:51 PM EST

Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for the week. The...

Police officers and workers in protective suits close off a neighborhood as it is placed under lockdown in Shanghai, China, Thursday, Jan. 21, 2021. Shanghai has imposed lockdowns on two of China's best-known hospitals and some surrounding residential communities after they were linked to new coronavirus cases. (Chinatopix via AP)

Asia Today: Shanghai outbreak prompts 2 hospital lockdowns

Jan. 22, 2021 8:46 AM EST

BEIJING (AP) — Shanghai has imposed lockdowns on two of China's best-known hospitals after they were linked to new coronavirus cases. Outpatient services have been suspended at Fudan University Shanghai Cancer Center and Renji Hospital. They have been cordoned off, along with some surrounding residential...

A currency trader walks by the 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, Friday, Jan. 22, 2021. Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. (AP Photo/Lee Jin-man)

Asian stocks sink after China coronavirus resurgence

Jan. 21, 2021 11:28 PM EST

BEIJING (AP) — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. Shanghai, Hong Kong, Tokyo and Australia declined. South Korea advanced. Overnight, Wall Street closed higher. Gains for tech stocks offset losses elsewhere....

A man carries a child, both wearing face masks to help curb the spread of the coronavirus, as they stroll along a street near the popular frozen Houhai Lake in Beijing, Thursday, Jan. 21, 2021. China is making some of its toughest travel restrictions yet as coronavirus cases surge in several northern provinces ahead of the travel rush for Lunar New Year on next month. (AP Photo/Andy Wong)

The Latest: Shanghai locks down 2 major hospitals over cases

Jan. 21, 2021 10:33 PM EST

BEIJING — Shanghai has imposed lockdowns on two of China’s best-known hospitals after they were linked to new coronavirus cases. Outpatient services have been suspended at Fudan University Shanghai Cancer Center and Renji Hospital, both of which have been cordoned off along with some surrounding...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)

Asian shares rise on optimism for more stimulus from Biden

Jan. 20, 2021 11:07 PM EST

TOKYO (AP) — Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, setting off a recovery that's crucial for the export-driven...