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The Latest Breaking News from Shanghai

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

China's trade rebounds in May as anti-virus curbs ease

China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease

The Independent UK

Shanghai Disney Resort to reopen some areas, main park and hotels remain closed

Shanghai Disney Resort said it will reopen some retail and park areas from Friday but the main Disneyland park, Disneytown and its two resort hotels will remain closed until further notice.

Reuters

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China COVID jitters flare up as parts of Shanghai resume lockdown

(Corrects June 9 story to clarify that Minhang will lock down during testing that will happen on Saturday, not from Thursday until the testing is over)

Reuters

Nio Falls Despite Beating Views; Tesla China Sales Improve, U.S. Safety Agency Upgrades Autopilot Probe

Nio topped Q1 views while Tesla China sales jumped in May vs. April and should keep recovering in June. Nio stock tumbled while Tesla reversed lower.

Investors Business Daily

Shanghai Heightens Covid Restrictions After a Spike in Cases Sparks Concern

The city reimposes lockdowns on some residential neighborhoods after determining the virus is once again spreading outside quarantined areas

Caixin Global

Shanghai Composite Index Rose 0.68% on Wednesday

Shenzhen Component Index closed up 0.82%

Caixin Global

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Shanghai Composite Index Rose 0.17% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

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

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

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

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

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

‘Apocalypse mentality’, ‘revenge spending’ and an exodus in newly free Shanghai

City revels in freedoms after two months of lockdown but happiness is punctuated by fears that restrictions could return

The Guardian - AU

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ABC News

Shanghai enters post-lockdown life, but China's COVID-zero policy will haunt the younger generation

From unemployment to lockdowns, China's young people are facing intense challenges, and the pressure is on Xi Jinping to fix the situation before the birth rate plummets any further.

ABC News

COVID lockdown in Shanghai causes Australian shortage of critical medical dye used for CT scans and operations

The impact of the COVID-19 lockdown in Shanghai has travelled all the way to Australia with hospitals reporting a shortage of medical dye used in CT scans and radiology.

Benzinga

What's Going On With Pinduoduo Shares Today?

Pinduoduo Inc - ADR (NASDAQ: PDD) shares are trading higher by 6.86% at $52.36. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

Why NIO Shares Are Rising Today

Nio Inc - ADR (NYSE: NIO) shares are trading higher by 6.15% at $18.65. Strength is possibly due to hopes of a Shanghai reopening. The company Wednesday announced it delivered 7,024 vehicles in May 2022.

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Benzinga

What's Going On With DiDi Global Shares Today?

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher by 8.70% at $2.00. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

What's Going On With Baidu Shares Today?

Baidu Inc (NASDAQ: BIDU) shares are trading higher by 3.17% at $145.79. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

What's Going On With Alibaba Shares Today?

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading higher by 3.71% at $96.84. Strength is possibly due to hopes of a Shanghai reopening.

Reuters

After Shanghai lockdown, many struggle to pick up the pieces

As many Shanghai residents rushed onto the streets this week to reunite with friends and pop champagne to celebrate the end of a two month-long lockdown, Li Menghua was busy packing up his hair salon, a casualty of the draconian quest to stamp out COVID-19.

The Independent UK

Shanghai's landmark park revived as COVID restrictions ease

Shanghai's landmark old city garden has sprung back to life as residents took advantage of the renewed sense of freedom following the easing of 2-month-old COVID-19 restrictions

Caixin Global

Zhang Mei: Will Inbound Travel Return to China?

China’s international brand images is important to the travel industry, and that’s not something money can buy

The Japan News/Yomiuri

China's economy faces obstacles despite end of Shanghai lockdown

SHANGHAI -- The lockdown imposed on Shanghai has been lifted after two months, but there is little likelihood of economic activity returning to normal in the immediate future. Although the administration of Chinese President Xi Jinping is scrambling to deal with the aftermath of an approach that prioritized "zero-COVID" policies…

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