Latest Shanghai News

Global markets gain on Huawei grace period

May. 21, 2019 8:32 AM EDT

BEIJING (AP) — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors' anxiety over...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 2:03 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai, Seoul and Sydney advanced, while Tokyo and Hong Kong declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 12:49 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

World shares mixed with no easing of China-US trade dispute

May. 20, 2019 6:58 AM EDT

BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall Street...

China's technology tactics irk its trading partners

May. 20, 2019 3:05 AM EDT

BEIJING (AP) — For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn't work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald...

Asian shares mixed; election results buoy India, Australia

May. 20, 2019 12:57 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Monday, with India and Australia leading gains for the region following elections that looked set to keep incumbents in office. Japan's Nikkei 225 index edged up 0.3% to 21,343.09 after the government reported Monday that the economy grew at a...

World shares fall as Huawei sanctions stir trade fears

May. 17, 2019 7:30 AM EDT

SINGAPORE (AP) — Global markets were mostly lower on Friday amid worries that U.S. economic sanctions on Huawei may cast a pall on trade negotiations with China. Germany's DAX slid 0.8% to 12,215.20 and the CAC 40 in France lost 0.5% to 5,418.70. Britain's FTSE 100 fell 0.5% to 7,319.61. Stocks in the U.S....

8 people trapped in flooded mine in China's northeast

May. 17, 2019 4:09 AM EDT

BEIJING (AP) — Chinese authorities say eight people remain trapped Friday in a flooded iron mine in the country's northeast. The accident comes a day after 10 people were killed when a building being refurbished in the financial hub of Shanghai collapsed. Both incidents underscore continuing problems with...

Players debate necessary punishment after Kyrgios outburst

May. 16, 2019 5:24 PM EDT

ROME (AP) — Nick Kyrgios' latest outburst of unruly behavior has other players split on whether the temperamental Australian should be handed a long-term ban. Kyrgios walked off the court and threw a chair onto the red clay during a fit of rage during his second-round match at the Italian Open on Thursday,...

Stocks resilient in face of latest US trade moves

May. 16, 2019 8:06 AM EDT

LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China. In Europe, Germany's DAX was up 0.9% to 12,204 while the FTSE 100 index of leading British shares...