Shanghai
Asia-Pacific stocks mixed; China’s latest benchmark lending rate ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade following overnight gains on Wall Street that saw the tech-heavy Nasdaq Composite surging more than 2%. Investors will also watch for the release of China’s latest benchmark lending rate. The Nikkei 225 climbed 0.55% in early trade as shares of robot maker Fanuc jumped […]
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Asia-Pacific stocks rise; China announces financial support for Covid-hit sectors
SINGAPORE — Shares in Asia-Pacific edged higher in Tuesday morning trade, as investors watched for market reaction to China’s central bank announcing financial support for Covid-hit sectors. The Nikkei 225 in Japan jumped 1.11% in early trade while the Topix index gained 0.99%. South Korea’s Kospi climbed 0.72%. In Australia, the S&P/ASX 200 advanced 0.22%. […]
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Shanghai reports first Covid deaths since the start of its latest lockdowns
Shanghai, China’s largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that’s set to end Thursday, April 21. Str | Afp | Getty Images BEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began in earnest in late […]
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Asia stocks decline as investors react to mixed Chinese economic data
SINGAPORE — Asia markets largely slipped in Monday trade, with investors reacting to the release of Chinese economic data, including first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.5% as shares of Fast Retailing declined nearly 2%. The Topix index shed 1.22%. Mainland Chinese stocks were also lower, with the Shanghai composite […]
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Shanghai targets lockdown turning point by Wednesday, sources say
Medical workers in protective suits check a child patient as they conduct ward rounds at Shanghai New International Exhibition Hall, which has been turned into a makeshift hospital for the coronavirus disease (COVID-19), in Shanghai, China April 9, 2022. China Daily | Reuters Shanghai has set a target to stop the spread of Covid-19 outside […]
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China’s Covid policy locks down a city three times the size of New York
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — […]
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Shanghai turns residences into Covid isolation facilities, sparking protest
Medical workers in protective suits check a child patient as they conduct ward rounds at Shanghai New International Exhibition Hall, which has been turned into a makeshift hospital for the coronavirus disease (COVID-19), in Shanghai, China April 9, 2022. China Daily | Reuters Shanghai is converting residential buildings into quarantine centers to house a mounting […]
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Japan’s shares set for lower open; U.S.-listed Chinese tech stocks drop overnight
SINGAPORE — Japan’s markets are set to fall at Friday’s open, after U.S. stocks fell overnight as Treasury yields climbed to highs. The Nikkei futures contract in Chicago was at 26,955 while its counterpart in Osaka was at 26,920 — lower than the Nikkei 225’s last close at 27,172. Economic data due out on Friday […]
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Chinese EV maker Nio says it’s gradually resuming production after Covid halt
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west […]
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Asia-Pacific stocks mixed; Australia’s March jobs data ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as investors look ahead to the release of Australian jobs data for March. The Nikkei 225 in Japan climbed 0.55% in morning trade while the Topix index advanced 0.37%. In Australia, the S&P/ASX 200 rose 0.23%. Australian jobs data for March is due at […]
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