Latest Shanghai News

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...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Asia slightly higher despite Wall Street slump, virus fears

Sep. 17, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...

Medical staff prepare to take a COVID-19 tests at a drive through community based assessment centre in Christchurch, New Zealand, Thursday, Aug. 13, 2020. Health authorities in New Zealand are scrambling to trace the source of a new outbreak of the coronavirus as the nation's largest city, Auckland, goes back into lockdown. (AP Photo/Mark Baker)

The Latest: First case-free day for New Zealand in 5 weeks

Sep. 17, 2020 11:15 PM EDT

WELLINGTON, New Zealand — New Zealand has reported no new confirmed cases of the coronavirus for the first time in more than five weeks as hopes rise that an outbreak discovered in Auckland last month has been stamped out. Friday’s report also marked the fourth consecutive day without any cases of...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)

Asian stocks retreat on lack of new Fed action

Sep. 16, 2020 11:28 PM EDT

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...

Woman guilty in scheme to ship military boats to China

Sep. 16, 2020 6:43 PM EDT

JACKSONVILLE, Fla. (AP) — A Florida woman has been convicted in a scheme to buy and ship inflatable military boats from the United States to China. Yang Yang, 34, pleaded guilty Tuesday in Jacksonville federal court to conspiring to submit false export information to fraudulently export to China maritime...

A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 16, 2020. Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. (AP Photo/Lee Jin-man)

Asian shares mostly higher after Wall Street gains

Sep. 15, 2020 11:59 PM EDT

Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. Benchmarks rose modestly in Tokyo, Hong Kong and Seoul but the Shanghai Composite index was almost flat. Investors are awaiting the outcome of the U.S. Federal Reserve...