Latest Shanghai News

Asian shares mixed after US inflation jumps 5% in May

Jun. 11, 2021 00:49 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in U.S. consumer prices in May. Shanghai fell, Tokyo was flat, while shares rose in Hong Kong, Seoul and Sydney. On...

Asian shares mixed as China reports jump in inflation

Jun. 09, 2021 00:14 AM EDT

Asian shares were mixed on Wednesday after China reported a big jump in factory gate prices at a time when inflation is a top investor concern. Shares fell in Tokyo, Seoul and Sydney but rose in Shanghai and Hong Kong. China's producer price index,...

Asian shares edge lower after mixed finish on Wall Street

Jun. 07, 2021 23:43 PM EDT

BANGKOK (AP) — Stocks edged lower in Asia on Tuesday after a mixed finish on Wall Street, as investors weighed the risks of inflation against signs the recovery from the pandemic is gaining momentum. Benchmarks fell in Tokyo, Hong Kong and Shanghai and were flat in...

China defends Hungary university plan following protest

Jun. 07, 2021 07:59 AM EDT

BEIJING (AP) — China on Monday defended a plan to build a university in Hungary, saying critics who protested against it in Budapest over the weekend shouldn't politicize and stigmatize normal exchanges between the two countries. Several thousand people rallied in...

Hungary: Plan to build Chinese university branch protested

Jun. 05, 2021 16:12 PM EDT

BUDAPEST, Hungary (AP) — Several thousand people rallied in Hungary's capital Saturday against plans by Prime Minister Viktor Orban to host a Chinese university in Budapest. A strategic agreement that Hungary signed with Shanghai-based Fudan University envisages...

New Zealand's top court allows pathway for China extradition

Jun. 04, 2021 01:02 AM EDT

WELLINGTON, New Zealand (AP) — New Zealand's top court on Friday left open the possibility that a man could be extradited to China to face murder charges in a landmark case that has big diplomatic implications. It remains uncertain whether the extradition of Kyung Yup...

Asian shares track tech, energy-led gains on Wall Street

Jun. 03, 2021 00:28 AM EDT

BANGKOK (AP) — Shares advanced in Asia on Thursday after a day of modest gains on Wall Street, led by buying of energy and technology stocks. Oil prices also rose. Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong. In a quiet news...

Asian shares mixed after lackluster day on Wall Street

Jun. 02, 2021 00:11 AM EDT

TOKYO (AP) — Asian shares were mixed on Wednesday after Wall Street began a post-holiday week on a lackluster note. Shares rose in Tokyo and Sydney but fell in Hong Kong, Shanghai and South Korea. A weakening in growth in Chinese manufacturing, based on surveys of...

China reports human case of H10N3 bird flu, a possible first

Jun. 01, 2021 13:24 PM EDT

BEIJING (AP) — A man in eastern China has contracted what might be the world’s first human case of the H10N3 strain of bird flu, but the risk of large-scale spread is low, the government said Tuesday. The 41-year-old man in Jiangsu province, northwest of Shanghai,...

Asian stocks mixed ahead of monthly U.S. jobs report

May. 31, 2021 23:46 PM EDT

BEIJING (AP) — Asian stock markets were mixed Tuesday as investors looked ahead to U.S. jobs data for reassurance the biggest global economy is improving following the previous month’s big hiring miss. Benchmarks in Shanghai and Tokyo declined while Hong Kong and...