Companies
Gains linked partly to Iran war ripple effects offer contrast to technology selloff
A COSCO container ship at the port of San Antonio in Chile. The company’s profit surged 80% in the third quarter, partly due to higher freight rates. © Reuters
WATARU SUZUKI
October 30, 2026 18:42 JST
SHANGHAI — Chinese shipping and coal shares defied a steep selloff in artificial intelligence suppliers this week, as persistent fuel shortages and supply chain disruptions lifted earnings.
Also Read
- Israel Votes in Divisive Election Amid Coalition Uncertainty and National Challenges
- Standard Group Confirms Dr Naim Yaseen as Permanent CEO to Spearhead Financial Recovery
- HUMNL Reports 87% Profit Decline in First Quarter of FY27
- Pakistan Proposes Tax-Free Oil Storage Hub for Saudi Arabia to Enhance Energy Trade and Route Diversification
