Latest East Asia News

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, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Wall Street's rally takes a pause; indexes close to flat

Jun. 4, 2020 12:04 PM EDT

Stocks are flipping between small gains and losses in midday trading on Wall Street Thursday, as Wall Street's remarkable rally takes a pause. The S&P 500 was down 0.2%, as of noon Eastern time, after earlier being on track for its first five-day winning streak since December. The index is about 8% below its...

Former Chinese soccer player Hao allies with party critic

Jun. 4, 2020 12:03 PM EDT

BEIJING (AP) — Retired Chinese soccer player Hao Haidong has angered the country’s leadership by allying himself with an eccentric billionaire who has called for the downfall of the Communist government. Hao appeared Thursday in a lengthy online video swearing allegiance to the “Federal State...

FILE - In this Aug. 2, 2017, file photo, baseball fans cheer from the right field bleacher seats after a rain delay in a baseball game between the New York Yankees and the Detroit Tigers in New York. The crippling grip the coronavirus pandemic has had on the sports world has forced universities, leagues and franchises to evaluate how they might someday welcome back fans. (AP Photo/Julie Jacobson, File)

The Latest: Valencia player says match may have spread virus

Jun. 4, 2020 12:03 PM EDT

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Valencia striker Rodrigo says the return match against Atalanta in the Champions League “perhaps shouldn’t have been played” because of the coronavirus outbreak. Rodrigo’s comments to Spanish...

FILE - In this Thursday, March 19, 2020 file photo, a pedestrian wearing a surgical mask and gloves walks past the New York Stock Exchange in New York. Much of Wall Street is still skeptical of the huge surge for stocks over the last two months. Stocks have a long history of making big gains within long-term down markets, only for the bottom to give out again. (AP Photo/Kevin Hagen)

You're not the only one skeptical of the stock market rally

Jun. 4, 2020 11:37 AM EDT

Just because stocks have scrambled nearly all the way back to their record heights doesn’t necessarily mean the market is in the clear. Stocks have a long history of making big gains within long-term down markets, only for the bottom to give out again. Such mini-, ultimately futile rallies were regular...

Participants gesture with five fingers, signifying the

Hong Kong marks Tiananmen anniversary, defying a police ban

Jun. 4, 2020 11:22 AM EDT

HONG KONG (AP) — Thousands of people in Hong Kong defied a police ban Thursday evening, breaking through barricades to hold a candlelight vigil on the 31st anniversary of China's crushing of a democracy movement centered on Beijing’s Tiananmen Square. With democracy snuffed out in the mainland, the...

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The Latest: Virus in pregnant refugee quarantines Greek camp

Jun. 4, 2020 11:15 AM EDT

THESSALONIKI, Greece — Authorities in northern Greece have placed a refugee camp with about 1,500 residents under a 14-day quarantine after a pregnant Syrian woman living there tested positive for the coronavirus. Local and Health Ministry officials said several schools in the area that were used for...

Health workers attend a training session on handling the coronavirus pandemic in villages in Fatehpur, Uttar Pradesh state, India, Wednesday, June 3, 2020. (AP Photo/Rajesh Kumar Singh)

Asia Today: Australia to restart flights to New Zealand

Jun. 4, 2020 9:26 AM EDT

CANBERRA, Australia (AP) — Canberra Airport opened a register for travelers interested in flying from the Australian capital to New Zealand on July 1 in a proposed resumption of international travel. The proposal to restart flights connecting the two capitals was under discussion between the two...

German Economy Minister, Peter Altmaier, addresses the media during a press conference in Berlin, Germany, Thursday, June 4, 2020. Germany's governing parties have agreed on a 130 billion euro ($146 billion) stimulus package meant to help kick-start Europe's biggest economy, which has taken a heavy hit from the coronavirus pandemic.(AP Photo/Michael Sohn, pool)

Germany, France hope cloud data project to boost sovereignty

Jun. 4, 2020 9:15 AM EDT

BERLIN (AP) — Germany and France on Thursday launched a project to set up a European cloud computing platform that they hope will enhance European economic sovereignty in the wake of the coronavirus crisis and break the continent's dependence on U.S. and Chinese companies. The platform, entitled GAIA-X, is...

FILE - In this March 18, 2020 file photo, a Southern China Airlines flight from Guangzhou, China passes in front of the sun as it arrives at Vancouver International Airport in Richmond, British Columbia, Canada. On Wednesday, June 3, 2020, the Trump administration moved to block Chinese airlines from flying to the U.S. in an escalation of trade and travel tensions between the two countries. (Jonathan Hayward/The Canadian Press via AP)

China easing airline access amid conflict with Washington

Jun. 4, 2020 7:26 AM EDT

BEIJING (AP) — Chinese regulators said Thursday more foreign airlines will be allowed to fly to China as anti-coronavirus controls ease, but it was unclear whether the change will defuse a fresh conflict with the Trump administration over air travel. The announcement came after Washington said Wednesday...

FILE - In this June 3, 2020, photo, the Olympic rings float in the water at sunset in the Odaiba section in Tokyo. The Japanese public is being prepared for the reality of next year's postponed Olympics where athletes are likely to face quarantines, spectators will be fewer, and the delay will cost taxpayers billions of dollars. In the last several weeks, IOC President Thomas Bach has given selected interviews outside Japan and hinted at empty stadiums, quarantines and virus testing. (AP Photo/Eugene Hoshiko, File)

Postponed Tokyo Olympics could be downsized and simplified

Jun. 4, 2020 7:03 AM EDT

TOKYO (AP) — The Japanese public is being prepared for the reality of next year’s postponed Olympics, where athletes are likely to face quarantines, spectators will be fewer, and the delay will cost taxpayers billions of dollars. In the last several weeks, International Olympic Committee President...