Latest Shanghai News

Crowd angered by lockdowns calls for China's Xi to step down

Nov. 27, 2022 13:04 PM EST

SHANGHAI (AP) — Protesters angered by strict anti-virus measures called for China’s powerful leader to resign, an unprecedented rebuke as authorities in at least eight cities struggled to suppress demonstrations Sunday that represent a rare direct challenge to the ruling Communist Party. ...

Protests over China's COVID controls spread across country

Nov. 27, 2022 00:06 AM EST

BEIJING (AP) — Protests against China's pervasive anti-virus controls that have confined millions of people to their homes spread to Shanghai and other cities after complaints they might have worsened the death toll in an apartment fire in the northwest. Shanghai police used pepper...

Asian shares mixed as investors eye Tokyo inflation data

Nov. 24, 2022 23:42 PM EST

TOKYO (AP) — Asian shares were mixed Friday as worries deepened about the regional economy and Japan reported higher-than-expected inflation. Benchmarks fell in Tokyo, Seoul and Hong Kong, but rose in Sydney and Shanghai. Oil prices advanced. Investors have their...

Asian shares rise on Fed rate hopes despite China worries

Nov. 23, 2022 23:39 PM EST

TOKYO (AP) — Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China. Trading was relatively muted in Asia ahead of U.S. markets being closed...

Asian shares gain after earnings-fueled rally on Wall Street

Nov. 22, 2022 23:29 PM EST

BANGKOK (AP) — Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S. Benchmarks rose in Hong Kong, Seoul and Sydney but fell in Shanghai. Markets were closed in Japan for a holiday. ...

Asian stocks mixed after Wall St slide, China virus fears

Nov. 21, 2022 23:12 PM EST

BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices gained. Wall Street's benchmark S&P 500 index...

Asian stocks down after Wall St weekly loss on rate fears

Nov. 20, 2022 22:46 PM EST

BEIJING (AP) — Asian stock markets sank Monday after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation. Hong Kong's benchmark fell more than than 3%. Shanghai, Tokyo and Sydney also retreated. Oil...

China announces 1st COVID-19 death in almost 6 months

Nov. 20, 2022 04:02 AM EST

BEIJING (AP) — China on Sunday announced its first new death from COVID-19 in nearly half a year as strict new measures are imposed in Beijing and across the country to ward against new outbreaks. The death of the 87-year-old Beijing man was the first reported by the National...

Asian stocks mixed after Wall St falls on rate hike worries

Nov. 17, 2022 23:14 PM EST

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street declined following indications the Federal Reserve might raise interest rates higher than expected to cool inflation. Shanghai declined while Tokyo and Hong Kong advanced. Oil prices gained. Wall...

Asian benchmarks mostly decline amid lingering China worries

Nov. 16, 2022 22:11 PM EST

TOKYO (AP) — Asian shares mostly declined Thursday amid concerns about the impact of China's “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil...