Latest Shanghai News

Asian shares mostly lower on strong China price data

Apr. 09, 2021 00:39 AM EDT

BANGKOK (AP) — Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation. Japan’s benchmark Nikkei 225 index rebounded after falling the day before. Shares declined in...

Asian stocks mixed after Wall St rally on economic optimism

Apr. 05, 2021 23:42 PM EDT

TOKYO (AP) — Asian shares were mixed Tuesday after a Wall Street rally that reflected some optimism about the economy recovering from the pandemic. Japan's benchmark Nikkei 225 lost early gains and fell nearly 0.2% to 30,038.44 in morning trading. South Korea's Kospi...

Asian stocks up after Wall St. record amid vaccine optimism

Apr. 04, 2021 23:34 PM EDT

BEIJING (AP) — Asian stock markets were mostly higher Monday after Wall Street hit a record high on optimism the spread of coronavirus vaccines might allow global business to return to normal. Tokyo rose while Seoul swung between gains and losses. Markets in Shanghai,...

11 killed, 19 injured in China truck-bus highway collision

Apr. 04, 2021 02:12 AM EDT

BEIJING (AP) — Eleven people were killed and 19 people injured after a truck and a passenger bus collided in eastern China on Sunday, authorities said. The accident happened in the early hours of Sunday, with the truck crossing the central divider in the middle of a...

Global stocks rise; Treasury yields rally after jobs report

Apr. 02, 2021 12:25 PM EDT

NEW YORK (AP) — Stocks rose in many of the markets worldwide that were open on Good Friday, while Treasury yields rallied after a report showed U.S. employers added hundreds of thousands more jobs last month than economists expected. The U.S. bond market closed early...

China says H&M changed online map after criticism

Apr. 02, 2021 09:24 AM EDT

BEIJING (AP) — Chinese regulators on Friday said H&M has agreed to change a “problematic map” online following government criticism, adding to pressure on the Swedish retailer amid a conflict with Western governments over China's policies in its Xinjiang region. ...

Asian shares higher after S&P 500 tops 4,000 points

Apr. 02, 2021 01:21 AM EDT

BANGKOK (AP) — Asian shares were higher Friday after a broad rally pushed the S&P 500 past 4,000 points for the first time. Many markets were closed for Good Friday. Tokyo surged more than 1% and Seoul and Shanghai also gained. Various...

Asian stocks follow Wall St. up on strong Japan, Korea data

Apr. 01, 2021 00:47 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after Japan and South Korea reported unexpectedly strong economic data and President Joe Biden announced a $2.3 trillion U.S. infrastructure spending plan. Market benchmarks in Shanghai, Tokyo, Hong...

Asian shares mixed after Wall St. fall, mixed market signs

Mar. 29, 2021 23:34 PM EDT

TOKYO (AP) — Asian shares were mixed in listless trading Tuesday after U.S. stocks finished mostly lower as cause for optimism, such as the Suez Canal reopening, mixed with caution about the vaccine rollout. Japan's benchmark slipped 0.1% in morning trading to...

Asian stocks advance on vaccine, stimulus optimism

Mar. 29, 2021 00:28 AM EDT

BEIJING (AP) — Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines. Shanghai, Tokyo, Hong Kong and Seoul advanced. Wall Street’s advance Friday was...