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Russian President Vladimir Putin: Oil refineries should be maintained more quickly, and fuel imports should be arranged as soon as possible.

2026-06-29

Russian President Vladimir Putin: Oil refineries should be maintained more quickly, and fuel imports should be arranged as soon as possible.

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2026-06-28

Refinitiv: US officials say the Iran situation remains evolving; there are no reports of US casualties or major damage to US facilities in the region. Iran has launched multiple missiles and drones at neighboring states, including Bahrain and Kuwait.

Refinitiv: US officials say the Iran situation remains evolving; there are no reports of US casualties or major damage to US facilities in the region. Iran has launched multiple missiles and drones at neighboring states, including Bahrain and Kuwait.
2026-06-28

Huatai Securities reports May industrial profits rose 21.1% YoY, easing from April’s 24.7% but above Q1’s 15.5%; revenue growth continued to recover, indicating broad improvement. Energy and AI-related chains were the primary profit supports. A block

Huatai Securities reports May industrial profits rose 21.1% YoY, easing from April’s 24.7% but above Q1’s 15.5%; revenue growth continued to recover, indicating broad improvement. Energy and AI-related chains were the primary profit supports. A blockade of the Strait of Hormuz now exceeding three months has intensified supply shocks, eroding capacity utilization at some mid‑ and downstream firms and widening industry divergence. Oil prices edged down in May, but upstream petrochemical profit growth remained elevated. Electronics/computers, driven by strong global AI investment, led profit and revenue gains; its contribution to aggregate industrial profits rose from 6.7ppt to 9.6ppt. Nonferrous smelting and chemical products contributed 6.4ppt and 4.2ppt respectively; the three sectors together added about 20.2ppt. Domestic-demand downstream manufacturing profit growth remained weak, with autos and furniture seeing larger declines.
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