Shanghai

The U.S. Department of State ordered the departure of non-emergency U.S. government employees from Shanghai and warned travelers of “arbitrary enforcement of local laws and COVID-19-related restrictions” in China.

“Reconsider travel to the People’s Republic of China (PRC) due to arbitrary enforcement of local laws and COVID-19-related restrictions,” the State Department said.

The Biden administration is considering releasing 1 million barrels of oil per day from the strategic petroleum reserve for about six months, a source told NBC News.

Hong Kong-listed shares of China Evergrande Group’s electric vehicle unit returned to trade on Wednesday.

The yen was in focus for investors, after the Bank of Japan’s offer Monday to buy unlimited amounts of 10-year JGBs at 0.25%

Tesla CEO Elon Musk said he has Covid again, following an earlier bout in November 2020.

China has begun its most extensive lockdown in two years to conduct mass testing and control a growing outbreak in Shanghai

China began its most extensive coronavirus lockdown in two years to conduct mass testing and control a growing outbreak in Shanghai.

Profits at China’s industrial firms rose 5.0% for the January to February period as compared with a year earlier, according to data released Sunday.

Apple is reportedly planning a hardware subscription service for iPhones that could launch as soon as the end of this year.

China’s markets bounced back strongly last week following the release of a Chinese state media report signaling support for Chinese stocks.

Singapore on Thursday announced plans to ease Covid restrictions.

Japan’s Nikkei 225 rose 3% on Wednesday, closing at 28,040.16 as shares of SoftBank Group jumped 7.22% while Fast Retailing climbed 5.21%.

Hong Kong-listed shares of Alibaba soared after the firm announced an upsizing of its share repurchase program from $15 billion to $25 billion.

China’s one-year loan prime rate was kept unchanged at 3.7% on Monday, largely in line with expectations from a Reuters survey.

Hong Kong’s Hang Seng index slipped 0.41% on Friday but still saw its first positive week in five following a big gains on Wednesday and Thursday.

Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 7.04% to close at 21,501.23 and erasing heavy losses from earlier in the week.

The Fed is expected to raise interest rates for the first time since December 2018, while Russian and Ukrainian officials suggest some progress on peace talks.

Hong Kong’s Hang Seng index closed 9.08% higher on Wednesday but remains down more than 2% so far this week after seeing heavy losses on Monday and Tuesday.

Stock futures are little changed Tuesday morning, while WTI crude fell below $100 per barrel.