The Latest Breaking News from Shanghai

Shanghai to Lock Down and Test 2.7 Million as Covid Fears Linger

Shanghai will lock down a district of 2.7 million people on Saturday to conduct mass coronavirus testing, city authorities said, as the Chinese metropolis struggles to fully emerge from punishing curbs. The city eased many restrictions last week, after confining most of its 25 million residents to their homes since…

Asharq Al-Awsat · Jun 9, 2022

Shanghai Composite Index Fell 0.76% on Thursday

Shenzhen Component Index closed down 1.85%

Caixin Global · Jun 9, 2022

Disney's Shanghai Resort To Reopen Some Sections After 2-Month Shutdown

Amid the easing COVID-19 restrictions in China, Walt Disney Co's (NYSE: DIS) Disney Resort in Shanghai is set to reopen some retail and park areas from Friday.

Benzinga · Jun 9, 2022

Shanghai Composite Index Rose 0.68% on Wednesday

Shenzhen Component Index closed up 0.82%

Caixin Global · Jun 8, 2022

Shanghai Composite Index Rose 0.17% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global · Jun 7, 2022

What's Going On With Tesla Stock Today?

Tesla Inc (NASDAQ: TSLA) shares are trading higher Monday amid the reopening of Shanghai. Shanghai began easing lockdown measures at the start of June and has since ramped up its reopening efforts amid a sharp decline in daily Covid cases.

Benzinga · Jun 6, 2022

Asian stocks rise as survey shows Chinese services reviving

Major Asian stock markets are higher after Wall Street declined and a survey showed the downturn in Chinese service activity eased as anti-virus controls on Shanghai and other major cities were lifted

The Independent UK · Jun 6, 2022

Shanghai's mental health crisis will linger despite strict lockdown being lifted, health workers say

Shanghai residents are celebrating the end of one of the world's strictest lockdowns. But while the harshest restrictions are over, health workers say another health crisis isn't likely to end anytime soon.

ABC News · Jun 4, 2022

Elon Musk has ‘super bad feeling’ about economy and wants to cut 10% of Tesla jobs

Tesla has struggled to restart production at its Shanghai factory after Covid restrictions

The Independent UK · Jun 3, 2022

Warren Buffett-Backed BYD Continues To Outperform EV Rivals In May

Chinese new energy vehicle maker BYD Co (OTC: BYDDY) said on Thursday that sales of its battery-powered vehicle more than doubled in May despite nearly a two-month COVID-19 lockdown in Shanghai which disrupted supply chains and hit production for many of its rivals. 

Benzinga · Jun 3, 2022