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Key News 1. Sources: Following the drone collision with an oil tanker, crude oil shipments at all Iraqi oil loading terminals have been suspended. Individual Stock News 1. Baidu (BIDU.O) applies for dual listings in Hong Kong and Nasdaq. 2. Eli L

2026-07-16

Key News 1. Sources: Following the drone collision with an oil tanker, crude oil shipments at all Iraqi oil loading terminals have been suspended. Individual Stock News 1. Baidu (BIDU.O) applies for dual listings in Hong Kong and Nasdaq. 2. Eli Lilly (LLY.N) has agreed to acquire AtaiBeckley Inc. for up to $3.8 billion. 3. TSMC (TSM.N) reported a 77% year-on-year increase in second-quarter net profit, exceeding market expectations and setting a new record. 4. Japan plans to purchase 27,500 Nvidia (NVDA.O) Rubin chips to develop domestic robot AI models. 5. General Electric (GE.N) reported second-quarter earnings per share of $2.02 and revenue of $12.6 billion. 6. UnitedHealth Group (UNH.N) reported second-quarter revenue of $112 billion, a 0.3% year-on-year increase, exceeding expectations by $1.14 billion. 7. Nvidia (NVDA.O): Launches new Jetson Thor computer to drive mainstream robotics and edge AI development. 8. Nike (NKE.N): As of May 31, 2026, it has received $302 million in IEEPA tariff refunds, with another $684 million pending refund.

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2026-07-16

Facing a weak IPO market, the UK will temporarily relax audit rules for Chinese companies seeking London listings. On July 15 the Financial Reporting Council issued revised Third Country Auditor (TCA) guidance permitting the use of Chinese auditing s

Facing a weak IPO market, the UK will temporarily relax audit rules for Chinese companies seeking London listings. On July 15 the Financial Reporting Council issued revised Third Country Auditor (TCA) guidance permitting the use of Chinese auditing standards for audits issued by Chinese-registered entities global depository receipts (GDRs) on the London Stock Exchange segment linked to Shanghai/Shenzhen; the guidance takes effect Sept 1, 2026. The move follows a UK government request to the FRC to explore temporary TCA changes to remove barriers to GDR listings while preserving the FRC’s statutory responsibilities for audit quality and investor protection.
2026-07-16

In A-shares, GigaDevice's turnover exceeded RMB 20.0 bln; the stock is trading down 7.87%.

In A-shares, GigaDevice's turnover exceeded RMB 20.0 bln; the stock is trading down 7.87%.
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