Latest Shanghai News

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)

Wall Street slips as virus outbreaks dim rebound hopes

Jul. 7, 2020 9:47 AM EDT

U.S. stocks are falling in early trading Tuesday as expanding coronavirus outbreaks dim hopes for a speedy recovery. The S&P 500 and Dow Jones Industrial Average followed benchmarks in France, Germany and Britain lower after the European Union slashed its forecasts for economic growth in 2020. Investors worry...

A woman wearing a face mask to protect against the new coronavirus films students leave the school after finishing the first day of China's national college entrance examinations, known as the gaokao, in Beijing, Tuesday, July 7, 2020. China's college entrance exams began in Beijing on Tuesday after being delayed by a month due to the coronavirus outbreak. (AP Photo/Andy Wong)

Asia Today: China's university exam begins after virus delay

Jul. 7, 2020 9:37 AM EDT

BEIJING (AP) — Almost 11 million students began taking China's university entrance exam Tuesday after a delay as the country worked to bring down coronavirus infections. The grueling four-day exam known as “gaokao" can be a key determinant of a student’s future and was pushed back weeks from...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)

Asia markets slip as virus outbreaks mute hopes for rebound

Jul. 7, 2020 12:42 AM EDT

TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.6% to 22,577.65 and South Korea's Kospi...

A woman wearing a face mask stands in front of a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 6, 2020. Asian stock markets rose Monday as investors looked ahead for data they hope will support optimism about a global economic recovery. (AP Photo/Vincent Yu)

Asia stocks rise as investors shrug off virus worries

Jul. 6, 2020 4:40 AM EDT

BEIJING (AP) — Asian stock markets rose Monday as investors shrugged off rising coronavirus cases in the United States and some other countries. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia advanced. Markets rose last week after unexpectedly strong U.S. jobs data despite some American states...

A rescuer helps a worker cross a ladder to get across floodwaters from a construction site in Jing'an county in central China's Jiangxi province midnight Friday, July 3, 2020. A wide swath of southern China braced Sunday for more seasonal rains and flooding. (Chinatopix via AP)

China braces for more storms; 121 dead or missing this year

Jul. 5, 2020 6:42 AM EDT

BEIJING (AP) — A wide swath of southern China braced Sunday for more seasonal rains and flooding that state media said has already left more than 120 people dead or missing this year. The National Meteorological Center raised the weather alert to yellow Sunday morning, the third highest of four levels, for...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)

World stocks mostly dip with US closed for holiday

Jul. 3, 2020 12:47 PM EDT

World stock markets fell slightly in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U.S. With Wall Street remaining closed in observance of Independence Day, Germany's DAX edged 0.6% lower to 12,528.18. The CAC 40 in Paris dropped 0.8% to 5,007.14, while...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)

Asian shares advance following upbeat US jobs report

Jul. 2, 2020 11:27 PM EDT

Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. Tokyo's Nikkei 225 index picked up 0.3% to 22,220.33, while the Shanghai Composite index jumped 1.3% to 3,130.62. In South Korea, the Kospi gained 0.6% to 2,148.24, and Australia's S&P/ASX 200 rose 0.6% to 6,067.30....

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 2, 2020. Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher on vaccine hopes

Jul. 2, 2020 12:04 AM EDT

Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. Investors were encouraged after Pfizer and BioNtech announced preliminary data from a...

A security guard checks the body temperature of people before entry a market, amid coronavirus outbreak in Jakarta, Indonesia Tuesday, June 30, 2020.(AP Photo/Achmad Ibrahim)

Asia Today: India's virus cases, deaths surge again

Jun. 30, 2020 10:52 AM EDT

NEW DELHI (AP) — India on Tuesday reported more than 18,000 new coronavirus cases and 400 deaths after an Indian company said it would start clinical trials of a potential vaccine. Bharat Biotech said it had received government permission to go ahead with the first two phases of clinical trials after...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 30, 2020. Asian shares are rising, cheered by a rally on Wally Street that underlined some optimism about global business performance despite the ongoing coronavirus pandemic. (AP Photo/Vincent Yu)

Asian shares rise after Wall St rally, strong housing data

Jun. 29, 2020 11:28 PM EDT

TOKYO (AP) — Asian shares rose Tuesday, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. Japan's benchmark Nikkei 225 gained 1.8% in morning trading to 22,380.02. South Korea's Kospi gained 1.5% to 2,123.85,...