Latest Shanghai News

Asian stocks slide for 3rd day on economic growth fears

Sep. 22, 2022 23:26 PM EDT

BEIJING (AP) — Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. Shanghai, Hong Kong, Seoul and Sydney declined. Oil prices edged lower....

Asia stocks follow Wall St down as Fed fights inflation

Sep. 21, 2022 23:07 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices gained. ...

Stocks close lower ahead of Fed decision on interest rates

Sep. 20, 2022 17:38 PM EDT

Stocks finished broadly lower Tuesday as Wall Street, increasingly anxious about the slowing economy, looks ahead to a widely expected interest rate hike by the Federal Reserve in its bid to squash the highest inflation in decades. The S&P 500 index fell 1.1%, as more than 90% of...

China quarantine bus crash prompts outcry over 'zero COVID'

Sep. 20, 2022 06:50 AM EDT

TAIPEI, Taiwan (AP) — A nighttime bus crash that killed 27 people in southwest China this week has set off a storm of anger online over the harshness of the country's strict COVID-19 policies. The initial police report did not say who the passengers were and where they were going,...

Chinese factory churns out British flags after queen's death

Sep. 17, 2022 08:23 AM EDT

SHAOXING, China (AP) — Ninety minutes after Queen Elizabeth II died, orders for thousands of British flags started to flood into a factory south of Shanghai. More than 100 employees at Shaoxing Chuangdong Tour Articles Co. set aside other work and put in 14-hour days starting at...

Asian stocks follow Wall St lower amid inflation pressure

Sep. 15, 2022 23:23 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil edged higher. Wall Street's...

Asian shares mostly higher after wobbly gains on Wall St

Sep. 15, 2022 00:08 AM EDT

Shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street. U.S. futures inched up while oil prices were mixed. Shanghai’s benchmark lost 1% to 3,204.93 after China's central bank left its benchmark lending rate...

Storm moves up east China coast after blowing over Shanghai

Sep. 14, 2022 23:17 PM EDT

BEIJING (AP) — A tropical storm was advancing up China’s eastern coast Thursday after bringing typhoon-strength winds and heavy rains to Shanghai overnight. Typhoon Muifa had maximum winds of 125 kilometers (77 miles) per hour upon landfall late Wednesday but had weakened to a...

Typhoon Muifa makes landfall in China, heads for Shanghai

Sep. 14, 2022 09:33 AM EDT

BEIJING (AP) — A strong typhoon made landfall on a group of Chinese islands on Wednesday as it headed toward the metropolis of Shanghai. Typhoon Muifa hit the Zhoushan archipelago, near the port city of Ningbo on the country's east coast, at about 8:30 p.m., China's National...

Under COVID lockdown, Xinjiang residents complain of hunger

Sep. 14, 2022 04:57 AM EDT

BEIJING (AP) — Residents of a city in China’s far western Xinjiang region say they are experiencing hunger, forced quarantines and dwindling supplies of medicine and daily necessities after more than 40 days in a virus lockdown. Hundreds of posts from Ghulja riveted users of...