Latest Shanghai News

In this Feb. 17, 2020, file photo released by Xinhua News Agency, workers assemble Audi A6 L cars at a workshop of FAW-Volkswagen Automobile Co., Ltd. in Changchun, northeast China's Jilin Province.Factories that make the world's smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China's economy. But even with the ruling Communist Party promising help, companies and economists say it may be months before production is back to normal. (Zhang Nan/Xinhua via AP, File)

China struggles to revive manufacturing amid virus outbreak

Feb. 25, 2020 10:54 PM EST

BEIJING (AP) — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy. But even with the ruling Communist Party promising help, companies and economists say it may be months before production is back to normal. ...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 25, 2020. Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy.(AP Photo/Eugene Hoshiko)

Asian shares extend losses after Dow drops more than 1,000

Feb. 24, 2020 10:21 PM EST

Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy. Japan's Nikkei 225 index lost 3%, to 22,686.61 after it...

A currency trader wears a face mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 24, 2020. (AP Photo/Ahn Young-joon)

Markets tank on concern about virus impact on world economy

Feb. 24, 2020 7:15 AM EST

BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline promises a sharp drop on Wall Street when it opens and comes after...

In this Feb. 7, 2020, file photo, a man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Shares skidded in Asia on Monday, Feb. 24, after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.(AP Photo/Eugene Hoshiko)

Asian shares take hit as new virus cases jump outside China

Feb. 24, 2020 12:00 AM EST

BANGKOK (AP) — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street. South Korea's Kospi dropped 3% to 2,098.37, while the S&P ASX/200 in Sydnay lost 2.3% to 6,975.20. Hong Kong's Hang Seng dropped 1.5% to...

In this photo released by Xinhua News Agency, a view of part of the temporary hospital with 1100 beds converted from the Wuhan Sports Center in Wuhan in central China's Hubei Province, Feb. 12, 2020. Without enough facilities to handle the number of cases of viral infection, Wuhan has been building prefabricated hospitals and converting a gym and other large spaces to house patients and try to isolate them from others. (Cheng Min/Xinhua via AP)

List of sports events affected by the new virus from China

Feb. 23, 2020 6:16 AM EST

ATHLETICS World indoor championships in Nanjing from March 13-15 postponed to March 2021. Hong Kong Marathon on Feb. 9 cancelled. Asian indoor championships in Hangzhou from Feb. 12-13 cancelled. Tokyo Marathon on March 1: Restricted to elite runners. Nagoya Women's Marathon on March 8: Restricted to elite...

FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20. (AP Photo/Richard Drew, File)

World markets slip on renewed fears over virus outbreak

Feb. 21, 2020 7:06 AM EST

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt and other European indexes were trading lower. Wall...

FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)

Global stocks mostly slip as virus weighs on companies

Feb. 20, 2020 7:57 AM EST

TOKYO (AP) — Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings. France's CAC 40 edged down 0.2% to 6,099 and Germany's DAX fell 0.2% to 13,765. Britain's FTSE 100 was flat at 7,458. Dow and S&P 500 futures...

FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)

Asian stocks mixed after Wall Street rises to record

Feb. 19, 2020 11:43 PM EST

TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, but worries persist about damage to the regional economy from the new virus that began in China. Japan's benchmark Nikkei 225 gained 0.3% to 23,474.78, shedding bigger early gains. Australia's S&P/ASX 200...

FILE - In this Aug. 20, 2015 file photo, two Qantas planes taxi on the runway at Sydney Airport in Sydney, Australia. Some Asian airlines have rerouted flights to the Middle East to avoid Iranian airspace, amid escalated tensions over the United States’ assassination of a prominent Iranian commander in Iraq. (AP Photo/Rick Rycroft, File)

Qantas cuts flights to Asia amid virus outbreak

Feb. 19, 2020 10:45 PM EST

SYDNEY (AP) — Australia's Qantas announced Thursday it will slash flights to Asia as the coronavirus crisis cuts into the airline and travel industries. The decision to reduce the carrier's overall capacity to Asia by 16% until at least the end of May is expected to cut between 100 million and 150 million...

In this Feb. 18, 2020, photo released by Xinhua News Agency, workers go door to door to check the temperature of residents during a health screening campaign in the Qingheju Community, Qingshan District of Wuhan in central China's Hubei Province. Protective suit-clad inspectors in the epicenter of China's viral outbreak went door-to-door to find every infected person in the central city suffering most from an epidemic that is showing signs of waning as new cases fell for a second day. (Cheng Min/Xinhua via AP)

China's virus center vows no patient unchecked as cases fall

Feb. 19, 2020 5:26 PM EST

BEIJING (AP) — Inspectors in protective suits went door-to-door Wednesday in the epicenter of China's viral outbreak to try to find every infected person in an epidemic that is showing signs of waning as new cases fell for a second straight day. The city of Wuhan, where the new form of coronavirus emerged,...