Latest Shanghai News

Asian stocks higher as investors watch corporate earnings

Oct. 19, 2021 05:00 AM EDT

BEIJING (AP) — European stocks opened lower while Asian markets advanced Tuesday as investors waited for U.S. corporate results to see how companies are coping with supply disruptions and the last quarter's surge in coronavirus infections. Shanghai, Tokyo and Hong Kong...

Chinese users have mixed feelings about LinkedIn departure

Oct. 19, 2021 04:48 AM EDT

HONG KONG (AP) — For nearly seven years, LinkedIn has been the only major Western social networking platform still operating in China. People like 32-year-old Jason Liu view it as an important career enhancing tool. Come the end of the year, Liu will no longer have...

Asian stocks higher as investors watch corporate earnings

Oct. 19, 2021 00:08 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher as investors waited Tuesday for U.S. corporate results to see how companies are coping with supply disruptions and the past quarter's surge in coronavirus infections. Shanghai, Tokyo, Hong Kong and Sydney...

Asian shares slide as Chinese growth data disappoints

Oct. 18, 2021 00:27 AM EDT

Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September. The Shanghai Composite index lost 0.4% to 3,559.96 while the Hang Seng in Hong Kong declined 0.4% to 25,246.38. Chinese...

Asian shares rise as Wall Street tech gain boosts optimism

Oct. 14, 2021 00:08 AM EDT

TOKYO (AP) — Asian shares were mostly higher on Thursday, tracking an overnight rally on Wall Street as investors sought out bargains, including technology stocks. Benchmarks rose in Tokyo, Seoul and Sydney in morning trading. Markets in Hong Kong were closed for a...

Asian shares mixed after muddled day of trading on Wall St

Oct. 13, 2021 01:09 AM EDT

Shares were mixed in Asia on Wednesday after an up-and-down day on Wall Street ended with most benchmarks lower as traders waited for updates on inflation and corporate earnings. Tokyo's Nikkei 225 index fell 0.3% to 28,158.28 and the S&P/ASX 200 edged 0.1% lower to...

Global stocks rise ahead of closely watched US hiring data

Oct. 08, 2021 04:57 AM EDT

BEIJING (AP) — Global stock markets rose as investors waited for U.S. jobs data Friday that might influence a Federal Reserve decision on when to roll back stimulus after lawmakers averted a possible government debt default. London and Frankfurt opened higher. Shanghai,...

Asian shares rise as receding debt fears spur Wall St rally

Oct. 06, 2021 23:16 PM EDT

TOKYO (AP) — Asian shares rose Thursday, tracking a rally on Wall Street after signs of progress on resolving the standoff in Congress over the debt ceiling. Japan's benchmark Nikkei 225 gained 1.6% in morning trading to 27,972.58. Australia's S&P/ASX 200 added...

Asian shares slip in cautious trading, shrug off US rally

Oct. 05, 2021 23:24 PM EDT

TOKYO (AP) — Asian shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day's sell-off. Japan's benchmark Nikkei 225 sank 1% in morning trading to...

Asian markets mixed; China Evergrande shares suspended

Oct. 04, 2021 00:24 AM EDT

Asian markets were mixed on Monday, with Shanghai closed for the National Day holiday. Hong Kong’s benchmark shed more than 2% after troubled property developer China Evergrande’s shares were suspended from trading. The company did not say why,...