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Selective strength in A-share China-prefixed stocks: China Chemical and COSCO Shipping Energy hit limit-up; peers including Zhongfangbiao, China Energy Engineering, PowerChina and China Railway Assembly also rose.

2026-06-17

Selective strength in A-share China-prefixed stocks: China Chemical and COSCO Shipping Energy hit limit-up; peers including Zhongfangbiao, China Energy Engineering, PowerChina and China Railway Assembly also rose.

Other News
2026-06-17

ByteDance is in talks with Tianshu Zhixin to buy at least 50,000 AI chips, sources say, primarily for inference workloads. The chips discussed are Tianshu Zhixin’s ZhiKai cloud inference GPUs; its Tiangai series would be used for training. If complet

ByteDance is in talks with Tianshu Zhixin to buy at least 50,000 AI chips, sources say, primarily for inference workloads. The chips discussed are Tianshu Zhixin’s ZhiKai cloud inference GPUs; its Tiangai series would be used for training. If completed, Tianshu Zhixin would become ByteDance’s third GPU supplier after Huawei and Cambricon. ByteDance and Tianshu Zhixin had no immediate comment. The deal and broader moves by Chinese giant internets to expand in‑house data centers signal a structural shift: AI compute demand is bifurcating between training and inference, firms are accelerating self-controlled compute strategies, and large-scale domestic compute substitution and separate training/inference hardware deployment are entering execution.
2026-06-17

Iraq is taking measures to resume oil exports as soon as maritime shipping normalizes, Oil Ministry spokesman Salim Rikabi said. Baghdad is finalizing procedures to designate tankers for loading Iraqi crude. Some buyers have already informed state ma

Iraq is taking measures to resume oil exports as soon as maritime shipping normalizes, Oil Ministry spokesman Salim Rikabi said. Baghdad is finalizing procedures to designate tankers for loading Iraqi crude. Some buyers have already informed state marketer SOMO of preferred tankers and Iraq is processing those requests. SOMO general manager Ali Nizar said Iraq has recently increased volumes exported via the Strait of Hormuz, with shipments in the first half of this month reaching about 1.0 mln bpd. Tanker-tracking data show May exports from southern Iraqi ports near 98,000 bpd; the average export rate through February this year was about 3.5 mln bpd. Rikabi said oilfields will need time to return to previous production levels, but export infrastructure appears undamaged.
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