Latest Shanghai News

FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York.  Stocks are opening mostly lower on Wall Street Thursday, Aug. 13, a day after the S&P 500 closed just below its pre-pandemic record high. (AP Photo/Mark Lennihan, File)

Asian shares mixed on weak China data, worries over pandemic

Aug. 14, 2020 12:13 AM EDT

TOKYO (AP) — Asian shares were mixed on Friday as investors studied fresh data out of China showing that its recovery remains subdued. Shares rose in Japan and Australia, but fell in Hong Kong, South Korea and Shanghai. China said Friday that its factory output rose 4.8% from a year earlier in July, on a...

FILE - This July 21, 2020 file photo shows The New York Stock Exchange.  Stocks are rebounding in early trading on Wall Street Wednesday, Aug. 12, carrying the S&P 500 back toward the cusp of its record high. The benchmark index was up 1% after the first half-hour of trading and on pace for its eighth gain in nine days.  (AP Photo/Mark Lennihan, File)

Stocks rebound on Wall Street, S&P 500 trades above record

Aug. 12, 2020 5:54 PM EDT

Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge. The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from...

Workers prepare to serve burgers at the first Beijing outlet for Shake Shack in Beijing on Wednesday, Aug. 12, 2020. The U.S. headquartered burger chain is opening its first Beijing restaurant at a time when China and the U.S. are at loggerheads over a long list of issues. (AP Photo/Ng Han Guan)

Shake Shack shrugs off trade war, opens outlet in Beijing

Aug. 12, 2020 5:42 AM EDT

BEIJING (AP) — Antagonisms between China and the United States didn’t stop Beijing's burger lovers from standing in line for hours for a bite of Shake Shack's snacks. The New York burger brand opened its first restaurant in the Chinese capital on Wednesday in Beijing's TaiKoo Li, a shopping area...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Aug. 12, 2020. Shares were mostly lower in Asia on Wednesday after Wall Street pumped the brakes on its recent rally. (AP Photo/Eugene Hoshiko)

Shares mostly lower in Asia after retreat on Wall Street

Aug. 12, 2020 12:07 AM EDT

Shares were mostly lower in Asia on Wednesday after Wall Street pumped the brakes on its recent rally. Tokyo’s Nikkei 225 index edged higher while the Shanghai Composite sank 2%. Overnight, a late slide in big technology companies left indexes broadly lower on Wall Street, breaking a seven-day winning...

FILE - In this Oct. 26, 2019, file photo Massachusetts players enter the field for an NCAA college football game against Connecticut, in Amherst, Mass. Massachusetts is the latest school from the Football Bowl Subdivision, college football’s highest level, to cancel its fall season.  (AP Photo/Jessica Hill, File)

The Latest: United Soccer League has 9 positive COVID tests

Aug. 11, 2020 10:56 PM EDT

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The United Soccer League says 1,293 tests were given to players and club staff from the 35 championship clubs, with nine individuals testing positive from two clubs. The USL also confirmed Tuesday that 458 tests were...

FILE - In this Aug. 3, 2020, file photo, a woman wearing a face mask walks by an electronic stock board of a securities firm in Tokyo.  Shares advanced in Asia on Tuesday, Aug. 11, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. (AP Photo/Koji Sasahara, File)

Asian shares extend rally; S&P 500 within 1% of record

Aug. 10, 2020 11:00 PM EDT

Shares advanced in Asia on Tuesday, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. Japan’s Nikkei 225 added 1.6% and Hong Kong gained more than 2% in early trading, even as the tally of confirmed new coronavirus cases worldwide topped 20...

Haotong Li of China, chips to the green on the seventh hole during the second round of the PGA Championship golf tournament at TPC Harding Park Friday, Aug. 7, 2020, in San Francisco. (AP Photo/Charlie Riedel)

The Latest: Fowler misses 6-inch putt that could be costly

Aug. 7, 2020 5:27 PM EDT

SAN FRANCISCO (AP) — The latest from the PGA Championship at TPC Harding Park: ___ Cameron Tringale has been disqualified from the PGA Championship for signing an incorrect scorecard. Tringale bogeyed the par-3 eighth hole on Friday but put himself down for a 3. The PGA said Tringale returned to the...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 5, 2020. Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. (AP Photo/Vincent Yu)

Asian shares fall on jitters over US stimulus, China trade

Aug. 4, 2020 11:43 PM EDT

BEIJING (AP) — Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney declined. Investors are watching the stalemate among U.S. legislators over employment benefits for...