Latest Shanghai News

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Asia slightly higher despite Wall Street slump, virus fears

Sep. 17, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...

Medical staff prepare to take a COVID-19 tests at a drive through community based assessment centre in Christchurch, New Zealand, Thursday, Aug. 13, 2020. Health authorities in New Zealand are scrambling to trace the source of a new outbreak of the coronavirus as the nation's largest city, Auckland, goes back into lockdown. (AP Photo/Mark Baker)

The Latest: First case-free day for New Zealand in 5 weeks

Sep. 17, 2020 11:15 PM EDT

WELLINGTON, New Zealand — New Zealand has reported no new confirmed cases of the coronavirus for the first time in more than five weeks as hopes rise that an outbreak discovered in Auckland last month has been stamped out. Friday’s report also marked the fourth consecutive day without any cases of...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)

Asian stocks retreat on lack of new Fed action

Sep. 16, 2020 11:28 PM EDT

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...

Woman guilty in scheme to ship military boats to China

Sep. 16, 2020 6:43 PM EDT

JACKSONVILLE, Fla. (AP) — A Florida woman has been convicted in a scheme to buy and ship inflatable military boats from the United States to China. Yang Yang, 34, pleaded guilty Tuesday in Jacksonville federal court to conspiring to submit false export information to fraudulently export to China maritime...

A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 16, 2020. Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. (AP Photo/Lee Jin-man)

Asian shares mostly higher after Wall Street gains

Sep. 15, 2020 11:59 PM EDT

Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. Benchmarks rose modestly in Tokyo, Hong Kong and Seoul but the Shanghai Composite index was almost flat. Investors are awaiting the outcome of the U.S. Federal Reserve...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Sept. 15, 2020. Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. (AP Photo/Vincent Yu)

Asian markets mixed after Wall Street rises on dealmaking

Sep. 15, 2020 12:06 AM EDT

Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. Tokyo declined while Hong Kong and Seoul gained. Shanghai was little-changed. Wall Street's S&P 500 index closed 1.3% higher, driven by gains for technology, health care and finance...

FILE - In this July 9, 2020 file photo, signage is shown at the New York Stock Exchange, in New York. Stocks are rising modestly in early trading on Wall Street as a bumpy, holiday-shortened week of trading winds down. The S&P 500 was up 0.4% in the early going Friday, Sept. 11.  (AP Photo/Mark Lennihan, File)

Tech falters again as Wall Street ends worst week in months

Sep. 11, 2020 4:38 PM EDT

NEW YORK (AP) — Wall Street closed out its worst week since June with another day of churning trading Friday, as big technology stocks resumed their suddenly weakened ways. The S&P 500 rose 1.78, or 0.1%, to 3,340.97, but only after a roller-coaster day where a gain of 0.9% gave way to a loss of 0.9%....

Currency traders watch computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Friday, Sept. 11, 2020. Asian shares were mixed Friday following a selloff of technology shares on Wall Street.  (AP Photo/Lee Jin-man)

Asian shares mixed after technology fall leads US stock fall

Sep. 10, 2020 11:41 PM EDT

TOKYO (AP) — Asian shares were mixed Friday following a selloff of technology shares on Wall Street. Japan's benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea's Kospi dropped 0.8% to 2,377.92, while Australia's S&P/ASX 200 lost 0.8% to 5,860.50. Hong...

FILE - In this Tuesday, Sept. 8, 2020, file photo, people wearing masks pass the Charging Bull statue in New York's financial district. Wall Street is steadying itself Wednesday following its first three-day losing streak in nearly three months, as the bloodletting for big technology stocks comes to at least a temporary halt. (AP Photo/Mark Lennihan, File)

Asian stocks gain after Wall Street rebounds from tech slump

Sep. 10, 2020 12:21 AM EDT

BEIJING (AP) — Asian stock markets gained Thursday after Wall Street rebounded from a three-day slump for tech stocks. Benchmarks in Shanghai, Tokyo, Seoul and Sydney advanced. Wall Street's S&P 500 index ended Wednesday up 2% for its best day in three months. Investors were snapping up lower-priced...

Beyond Meat signs production agreement in China

Sep. 8, 2020 10:16 AM EDT

Beyond Meat will begin making plant-based meat in China later this year under an agreement announced Tuesday. The El Segundo, California-based company said it will be the first multinational company focused solely on plant-based meat production to open a factory in China. Swiss food giant Nestle is also building...