Latest Shanghai News
Tech stocks tank as a Chinese competitor threatens to upend the AI frenzy; Nvidia sinks nearly 17%
NEW YORK (AP) — Wall Street’s superstars tumbled Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 dropped 1.5%, dragged down in large part by a 16.9% fall for Nvidia. Other Big Tech stocks also...
Chinese court sentences man to death over knife attack at a Japanese school bus stop
BEIJING (AP) — A Chinese man who injured a Japanese mother and her child and killed a Chinese bus attendant trying to protect them in a knife attack near Shanghai last June has been sentenced to death, according to a Japanese government official. A court in the city of Suzhou said...
China moves to boost languishing markets by ordering funds to invest more in shares
BANGKOK (AP) — The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums. Officials told reporters in Beijing...
Vice President Han Zheng, China's representative at Trump's inauguration, is a trusted adviser to Xi
TAIPEI, Taiwan (AP) — Vice President Han Zheng, China’s representative at Donald Trump's inauguration, is a trusted adviser to President Xi Jinping and a long-time survivor of Chinese politics who rose from toiling on a collective farm and in factories to becoming one of the most powerful...
University of Michigan to end partnership with a Chinese university over national security concerns
WASHINGTON (AP) — The University of Michigan is ending its partnership with a prominent Chinese university, a few months after five Chinese students in the joint program were charged over their suspicious activities outside a remote military site. In a letter to a congressman,...
Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas
BANGKOK (AP) — Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan's Nikkei 225 index edged 0.1% lower to 38,997.02, while the Shanghai Composite index lost 0.2% to 3,387.41. ...
Taipei mayor calls for less confrontation as China continues sending ships, planes near island
TAIPEI, Taiwan (AP) — The China-friendly mayor of Taiwan’s capital, Taipei, on Tuesday called for less confrontation between the sides, even as Beijing continues to send warships and fighter jets to intimidate the self-governing island democracy. Chiang Wan-an was speaking...
Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meeting
NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four. The Nasdaq...
