Latest Shanghai News

Tourists crowd along a waterfront path at the West Lake in Hangzhou in eastern China's Zhejiang Province, Thursday, Oct. 1, 2020. Millions of Chinese tourists usually would use their week-long National Day holidays to travel abroad. This year, travel restrictions due to the coronavirus pandemic mean that some 600 million tourists - about 40% of the population - will travel within China during the holiday that began Thursday, according to Ctrip, China's largest online travel agency. (Chinatopix via AP)

Virus has Chinese tourists heading for domestic destinations

Oct. 1, 2020 1:22 AM EDT

HONG KONG (AP) — Millions of Chinese tourists usually would use their week-long National Day holidays to travel abroad. This year, travel restrictions due to the coronavirus pandemic mean that some 600 million tourists — about 40% of the population — will travel within China during the...

In this photo provided by the New York Stock Exchange traders gather at a post on the NYSE trading floor during the direct listing of Asana, Wednesday, Sept. 30, 2020. Wall Street is rallying Wednesday with rising hope that Washington may break through its partisanship to deliver more aid for the economy. (Courtney Crow/New York Stock Exchange via AP)

Wall Street rallies to close out strong, but wild quarter

Sep. 30, 2020 5:12 PM EDT

NEW YORK (AP) — U.S. stocks rallied on Wednesday, but only after zooming up, down and back up again in a fitting end to what was a wild month and quarter for Wall Street. Prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks. The...

A man looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 18, 2020. Stocks are mixed Wednesday, Sept. 30, in Asia as investors wait for the first debate between President Donald Trump and Democratic challenger Joe Biden. (AP Photo/Hiro Komae)

Markets mixed after Trump-Biden debate; data lifts China

Sep. 29, 2020 11:53 PM EDT

Stocks were mixed in Asia on Wednesday while upbeat manufacturing data lifted shares in China as investors studied the outcome of the debate between President Donald Trump and his Democratic challenger, Joe Biden. Hong Kong and Shanghai led regional gains while Japan’s Nikkei 225 edged lower. Overnight,...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 29, 2020. Asian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, former Vice President Joe Biden. (AP Photo/Ahn Young-joon)

Asian stocks mixed after Wall St rally ahead of US debate

Sep. 29, 2020 3:53 PM EDT

Asian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, former Vice President Joe Biden. Shanghai and Seoul advanced while Tokyo and Hong Kong declined. Sydney was...

Security guards wearing masks and armed with restrainers stand guard at the entrance to the Auto China 2020 show in Beijing, China on Saturday, Sept. 26, 2020. The auto show, the first major in-person sales event for any industry since the coronavirus pandemic began, opens Saturday in a sign the ruling Communist Party is confident China has contained the disease. Still, automakers face intensive anti-virus controls including quarantines for visitors from abroad and curbs on crowd sizes at an event that usually is packed shoulder-to-shoulder with spectators. (AP Photo/Ng Han Guan)

China opens auto show under anti-disease controls

Sep. 26, 2020 5:35 AM EDT

BEIJING (AP) — Ford, Nissan and BMW unveiled electric models with more range for China on Saturday as the Beijing auto show opened under anti-virus controls that included holding news conferences by international video link. Automakers are looking to China, the first major economy to start recovering from...

Visitors wearing face masks to protect against the coronavirus look at a Tesla vehicle on display at the China International Fair for Trade in Services (CIFTIS) in Beijing, Saturday, Sept. 5, 2020. Auto executives are flying in early to wait out a coronavirus quarantine ahead of the Beijing auto show, the year's biggest sales event for a global industry that is struggling with tumbling sales and layoffs. Organizers say they will impose intensive anti-disease controls on crowds and monitor visitors and employees for signs of infection. (AP Photo/Mark Schiefelbein)

China auto show forging ahead under anti-virus controls

Sep. 24, 2020 9:12 PM EDT

BEIJING (AP) — The first event for the CEO of Swedish electric car brand Polestar at this month’s Beijing auto show: A two-week quarantine in a hotel. The auto show, the first major in-person sales event for any industry since the coronavirus pandemic began, opens Saturday in a sign the ruling...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 24, 2020. Asian shares were mostly lower Thursday as caution again after a retreat on Wall Street driven by a decline in technology shares.(AP Photo/Ahn Young-joon)

Asian shares fall as caution sets in after Wall St retreat

Sep. 23, 2020 11:05 PM EDT

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 23, 2020. Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.
(AP Photo/Ahn Young-joon)

Asian shares take breather after Wall Street gains

Sep. 23, 2020 12:04 AM EDT

Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped Wednesday in Japan, Hong Kong and Seoul but rose in Sydney after the government reported retail sales fared better than expected. Overnight, the S&P 500...

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Sept. 22, 2020. Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. (AP Photo/Vincent Yu)

Asian shares track Wall Street retreat on pandemic pains

Sep. 22, 2020 12:41 AM EDT

Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. Hong Kong's Hang Seng lost 0.3% to 23,894.72 and the Kospi in South Korea sank 1.7% to 2,348.24. The S&P/ASX 200 in Australia lost 0.6% to 5,787.00 and the Shanghai Composite index edged 0.1%...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Sept. 21, 2020. Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections. (AP Photo/Vincent Yu)

Asian markets lower after Wall St declines for third week

Sep. 21, 2020 12:42 AM EDT

BEIJING (AP) — Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections. Benchmarks in Shanghai, Hong Kong and Sydney retreated. Japanese markets were closed for a holiday. On Friday, Wall Street’s benchmark...