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SHA:688012.SS 2 February 2026

Piotech Class A stock slips in early Shanghai trade as PMI data keeps chip-equipment names on edge

Piotech Class A stock slips in early Shanghai trade as PMI data keeps chip-equipment names on edge

Piotech Class A shares fell 0.8% to 349.90 yuan in early Shanghai trading Monday after China’s official manufacturing PMI dropped to 49.3 in January, signaling contraction. Other chip-tool stocks, including Advanced Micro-Fabrication Equipment and Naura Technology, also declined. Investors are awaiting a private PMI due later Monday for further signals on demand.
2 February 2026
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Stock Market Today

  • Oil Shares Hit Record Highs on Middle East Conflict Driving Oil Prices
    March 15, 2026, 5:35 PM EDT. Shares of major oil companies have surged to all-time highs amid the Middle East war, driving oil prices to historic levels. The combined market value of six Western "super majors" jumped over $130 billion in two weeks following US-Israeli attacks on Iran. London's Shell hit a record £190 billion valuation, while U.S. giants ExxonMobil and Chevron saw market caps climb to $630 billion and $390 billion, respectively. Analysts predict multibillion-dollar windfalls: $63.4 billion for U.S. firms and £5 billion for BP and Shell. Despite some Middle East production disruptions, the energy shock fuels profits. Norway's Equinor shares rallied over 20%, highlighting Europe's shifting gas landscape. Environmental groups urge governments to impose windfall taxes to support households and promote clean energy transition in response to soaring oil profits.
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