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FILE- In this July 21, 2020 file photo, people walk by the New York Stock Exchange.  Stocks are falling in early trading on Friday, Oct. 30,  as Wall Street closes out a punishing week and its first back-to-back monthly loss since March, when worries about the pandemic were first peaking.  (AP Photo/Mark Lennihan, File)

Tech losses drive Wall Street down again, ending grim week

Oct. 30, 2020 5:56 PM EDT

Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March. The S&P 500 dropped 1.2% and ended the week with a 5.6% loss, its worst in seven months. Sharp drops in big technology stocks drove much...

A currency trader walks by screens showing the foreign exchange rates and the Korean Securities Dealers Automated Quotations (KOSDAQ) at the foreign exchange dealing room in Seoul, South Korea, Friday, Oct. 30, 2020. Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe.(AP Photo/Lee Jin-man)

Asian shares fall back after Wall Street rebound

Oct. 29, 2020 11:36 PM EDT

BEIJING (AP) — Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe. Benchmarks in Tokyo, Hong Kong and Seoul all retreated. Shanghai swung between gains and losses. Investors have been dismayed...

FILE - In this March 14, 2018, file photo, former South Korean President Lee Myung-bak arrives for questioning over bribery allegations at the Seoul Central District Prosecutors' Office in Seoul, South Korea. South Korea’s top court on Thursday, Oct. 29, 2020, upheld a 17-year prison term imposed on ex-President Lee over a range of high-profile corruption charges, a ruling that will send him back to jail again.(Kim Hong-Ji/Pool Photo via AP, File)

S. Korea's top court upholds ex-leader's 17-year jail term

Oct. 29, 2020 5:38 AM EDT

SEOUL, South Korea (AP) — South Korea’s top court upheld a 17-year prison sentence on former President Lee Myung-bak for a range of corruption crimes in a final ruling Thursday that will send him back to prison soon. Lee has been convicted of taking bribes worth millions of dollars from big...

FILE - In this June 8, 2020 file photo, Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul Central District Court in Seoul, South Korea. As Samsung Electronics mourns the death of its long-time chairman, Lee Kun-Hee, questions loom over what's next for South Korea's biggest company. Samsung has struggled for years to diversify from its core hardware business to tap new technologies and services. (AP Photo/Ahn Young-joon, File)

Samsung reports record sales amid questions about future

Oct. 29, 2020 12:50 AM EDT

SEOUL, South Korea (AP) — The flood of obituaries for Samsung Electronics Chairman Lee Kun-Hee since his death over the weekend have mostly shared his most defining quote: “Change everything except for your wife and children.” Lee’s rant against what he saw as complacency during a...

A man wearing a face shield as a precautionary measure against the coronavirus walks on a street in Hyderabad, India, Tuesday, Oct. 27, 2020. India reports 36,470 new coronavirus cases, the lowest in more than three months in a continuing downward trend. However, the overall tally neared 8 million, the second in the world behind the U.S. with over 8.7 million positive cases. (AP Photo/Mahesh Kumar A.)

The Latest: India capital has its worst 1-day virus caseload

Oct. 28, 2020 12:32 AM EDT

NEW DELHI — India’s tally of confirmed coronavirus cases is moving closer to 8 million, with 43,893 new cases reported for the latest 24-hour period. The total reported Wednesday includes the highest single-day number of cases for the Indian capital of New Delhi — 4,853. The Health Ministry...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)

Asian stocks fall on worries over rising virus cases, US aid

Oct. 27, 2020 10:51 PM EDT

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The uncertainty surrounding the upcoming U.S. election also has regional market players hesitant to make big moves. Japan's benchmark Nikkei 225 fell 0.3%...

FILE - In this July 6, 2011, file photo, Samsung Chairman Lee Kun-hee, right, greets people from the South Korean delegation in Durban, South Africa, for the 123rd International Olympic Committee (IOC) session that will decide the host city for the 2018 Olympics Winter Games. Lee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died, a Samsung statement said Sunday, Oct. 25, 2020. He was 78. (AP Photo/Schalk van Zuydam, File)

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Oct. 25, 2020 8:38 PM EDT

SEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday. He was 78. Lee died with his family members by his side,...

A banner showing mandatory mask wearing and social distancing as a precaution against the coronavirus, is seen at a park in Seoul, South Korea, Saturday, Oct. 24, 2020. (AP Photo/Lee Jin-man)

Asia Today: Sri Lanka closes harbors after 609 test positive

Oct. 24, 2020 7:54 AM EDT

COLOMBO, Sri Lanka (AP) — Authorities in Sri Lanka on Saturday closed at least two fishery harbors and many stalls after a surge of 609 cases linked to the country's main fish market. The government also widened the curfew in parts of Colombo, the capital. At least 11 villages were isolated in densely...

A woman, right, has a meal, inside a restaurant's outdoor tent Thursday Oct. 22, 2020, in Kew Gardens in the Queens borough of New York.  Gov. Andrew Cuomo is easing restrictions slightly in some coronavirus hot spots in New York City, but adding them in areas along the Pennsylvania border as the state recorded more than 2,000 new infections in a single day for the first time since mid-May. (AP Photo/Bebeto Matthews)

The Latest: Mexico's Chihuahua border state back in lockdown

Oct. 23, 2020 9:26 PM EDT

MEXICO CITY — Mexico’s northern border state of Chihuahua returned to the highest level of alert and lockdown Friday after coronavirus cases jumped there and hospitals began to fill up. The Chihuahua state government declared the return to the “red” level of alert Friday, which closes...

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange.  Stocks are mixed on Wall Street, following gains in European markets, as more U.S. companies report encouraging results for the summer earnings period. (AP Photo/Frank Franklin II)

US stocks shake off a wobbly start and end mostly higher

Oct. 23, 2020 4:59 PM EDT

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. The benchmark index eked out a 0.3% gain after another day of wobbly trading. The Dow Jones Industrial Average finished with a small loss. Gains in communication services, health care and other...