Latest Shanghai News

Asian shares mixed after omicron worries rattle Wall Street

Nov. 30, 2021 22:56 PM EST

TOKYO (AP) — Asian shares were mixed Wednesday amid nervous trading due to worries over the newest coronavirus variant. Japan's benchmark Nikkei 225 was up 0.8% in morning trading to 28,062.99, after gyrating earlier in the session. South Korea's Kospi jumped 1.1% to...

Asia shares mixed as investors weigh omicron economic risks

Nov. 29, 2021 21:54 PM EST

TOKYO (AP) — Asian shares were mixed Tuesday as investors continued to cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global economy. Japan's benchmark Nikkei 225 rose 1.0% to 28,577.34 in morning trading. Australia's...

Asian stock markets sink as traders watch Europe virus cases

Nov. 25, 2021 22:38 PM EST

BEIJING (AP) — Asian stock markets sank Friday as traders watched a surge in coronavirus cases in Europe and anti-disease controls that threaten to disrupt trade and travel. Shanghai, Tokyo, Hong Kong and Sydney declined. U.S. markets were closed Thursday for a holiday....

Chinese fashion photographer in Dior controversy apologizes

Nov. 25, 2021 06:23 AM EST

HONG KONG (AP) — A renowned Chinese fashion photographer has apologized for her past work after online critics called it insulting to the Chinese people and fashion house Dior removed one of her photos from a show in Shanghai. Chen Man acknowledged the criticism of her...

Asian stocks down after Fed says ready to act on inflation

Nov. 24, 2021 22:50 PM EST

BEIJING (AP) — Asian stock markets fell Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation. Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney declined. Tokyo advanced. ...

After 4 years as pawn in US-China game, Seattle man is home

Nov. 24, 2021 05:42 AM EST

BRUSSELS (AP) — Daniel Hsu, a U.S. citizen, fought for four years to escape China. The Seattle resident was barred from leaving despite having committed no crime. Then earlier this month, just four days before a virtual meeting between President Joe Biden and Chinese...

After 4 years as pawn in US-China game, Seattle man is home

Nov. 24, 2021 05:37 AM EST

BRUSSELS (AP) — Daniel Hsu, a U.S. citizen, fought for four years to escape China. The Seattle resident was barred from leaving despite having committed no crime, a pawn in a geopolitical game between two giant superpowers. Then earlier this month,...

Asian stocks mixed after late slump on Wall Street

Nov. 22, 2021 22:49 PM EST

Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that...

EXPLAINER: What drives high-profile disappearances in China

Nov. 19, 2021 10:08 AM EST

BEIJING (AP) — The disappearance of tennis star Peng Shuai in China following her accusation of sexual assault against a former top Communist Party official has shined a spotlight on similar cases involving political dissidents, entertainers, business leaders and others who have run afoul...

Asian shares press higher after Wall St record

Nov. 18, 2021 23:45 PM EST

BEIJING (AP) — Asian stock markets were mostly higher Friday after Wall Street hit a record and Japanese inflation eased. Market benchmarks in Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Wall Street's benchmark S&P 500 index...