Latest Shanghai News

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...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 1:50 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Asian stocks follow Wall Street lower on lack of US aid plan

Oct. 21, 2020 11:46 PM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. On Wall...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

Asian shares rise after Wall Street gains on solid earnings

Oct. 20, 2020 11:19 PM EDT

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's...

A public health worker helps Chinese tourists from Shanghai, who arrived at Suvarnabhumi airport on special tourist visas, in Bangkok, Thailand, Tuesday, Oct. 20, 2020. Thailand on Tuesday took a modest step toward reviving its coronavirus-battered tourist industry by welcoming 39 visitors who flew in from Shanghai, the first such arrival since normal traveler arrivals were banned almost seven months ago. (AP Photo/Wason Wanichakorn)

39 Chinese are Thailand's 1st foreign tourists in 7 months

Oct. 20, 2020 9:03 PM EDT

BANGKOK (AP) — Thailand’s tourist industry took a modest step toward reviving its coronavirus-battered fortunes Tuesday by welcoming 39 visitors who flew in from Shanghai, the first such arrivals since regular travelers were banned almost seven months ago. The visitors who arrived at...

A man stands near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Oct. 16, 2020. Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of fears of flaring outbreaks of coronavirus. (AP Photo/Eugene Hoshiko)

Asian shares mixed amid 2nd wave coronavirus, election fears

Oct. 15, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of fears of flaring outbreaks of coronavirus. Investors are also looking ahead to the release of data on the Chinese economy next week. Shares rose in...

FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange,  in New York.  Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14,  as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak.  (AP Photo/John Minchillo, File)

Asian stocks follow Wall St lower as stimulus hopes fade

Oct. 15, 2020 12:07 AM EDT

Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. Benchmarks in Shanghai, Tokyo and Hong Kong declined. Sydney advanced. In Seoul, the company that manages boy band BTS made its market debut amid criticism...

FILE - In this Monday, Sept. 21, 2020, file photo, the Wall Street sign is framed by a giant American flag hanging on the New York Stock Exchange. Stocks are edging lower on Wall Street in early trading, Tuesday, Oct. 13, 2020, as the market cools off following a four-day rally. (AP Photo/Mary Altaffer, File)

Asian shares track Wall Street decline on pandemic jitters

Oct. 14, 2020 12:08 AM EDT

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. Rising coronavirus counts in many countries are raising the urgency to develop vaccines and treatments and setbacks in that process tend to discourage investors. On Tuesday, independent...

A man wearing a face mask walks near the screens showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Tuesday, Oct. 13, 2020. Shares were mostly lower in Asia on Tuesday as investors awaited the release of Chinese trade data. (AP Photo/Lee Jin-man)

Asian shares lower after tech-driven rally on Wall Street

Oct. 12, 2020 11:20 PM EDT

Shares were mostly lower in Asia on Tuesday as investors awaited the release of Chinese trade data. An overnight rally on Wall Street, driven mainly by technology companies such as Apple and Amazon, faded amid worries over U.S. economic stimulus and a resurgence of coronavirus caseloads in many countries. ...

Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York.   Stocks are rising on Wall Street Friday as talks appear to be continuing in the start-and-stop drive on Capitol Hill to deliver more aid to the ailing economy.  (AP Photo/John Minchillo)

Stocks climb, closing out biggest weekly gain in 3 months

Oct. 9, 2020 5:41 PM EDT

Wall Street closed out its best week in three months Friday as investors drew encouragement from ongoing negotiations on Capitol Hill aimed at delivering more aid to the ailing U.S. economy. The S&P 500 rose 0.9%, its third straight gain. The benchmark index ended the week with a 3.8% gain, its strongest...