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Microprocessors & Hardware · 30/10/2026 17:04 UTC

Chinese shipping, coal stocks outperform AI as earnings outlooks diverge

Gains fueled partly by Iran war side effects offer contrast to tech rout A COSCO container ship at the port of San Antonio in Chile.

Gains fueled partly by Iran war side effects offer contrast to tech rout A COSCO container ship at the port of San Antonio in Chile. The company's profit jumped 80% in the third quarter, thanks in part to higher freight rates. © Reuters SHANGHAI -- Shares of Chinese shipping and coal companies bucked a bruising market selloff of artificial intelligence suppliers this week as a prolonged fuel crunch and supply chain disruptions buoyed their earnings.

Source: Nikkei Asia Tech

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