Latest Shanghai News
Asian shares mostly lower, China gains on GDP rebound
Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020. The stronger than expected performance for the world's second-largest economy helped counter growing wariness among investors...
Asian shares mixed following Biden speech, Wall St retreat
Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden...
Asian shares mixed after lackluster day on Wall Street
Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai. U.S. futures were trading slightly higher after the U.S. House of...
Asian stocks mixed after Wall St rebounds from uncertainty
BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol. Tokyo, Australia and South Korea advanced while Shanghai was off by 0.1%. Hong Kong...
Asian stocks gain as markets watch for Biden stimulus plan
BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...
Stock market shakes off a slump to reach more record highs
Wall Street notched more milestones Friday as the market largely shrugged off another discouraging jobs report amid expectations that the incoming Biden administration will pump more aid into the pandemic-ravaged economy. The S&P 500 rose 0.5%, its second straight record high, after bouncing back from a...
Asian shares mostly up on Wall Street rally, stimulus hopes
TOKYO (AP) — Asian shares were mostly higher Friday on hopes for additional economic stimulus after U.S. Congress confirmed Joe Biden as the winner of the presidential election. Japan's state of emergency to combat surging coronavirus cases, which kicked in Friday, did little to dampen market optimism....
Asian shares track Wall St rally on hopes for stimulus
Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol. As Congress reconvened after disruptions to the process for recognizing the outcome of the U.S. presidential election,...
Asian shares mostly lower as virus, China-US tensions weigh
Asian shares were mostly lower Wednesday as surging virus counts and China-U.S. tensions weighed on sentiment. Hong Kong’s Hang Seng dropped 0.8% after authorities arrested dozens of pro-democracy figures, including lawmakers. A move by the Trump administration to further sanction Chinese companies fueled...
Where is Jack Ma, China's e-commerce pioneer?
BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such...
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