June 23, 2026 — At ISC2026 in Hamburg the TOP500 list ranked the fully domestically developed Lingsheng system from the National Supercomputing Center in Shenzhen first, recording 2.19 EFlops sustained double-precision performance. Lingsheng is the first system to sustain above 2.0 EFlops; the centre said it uses an Online Acceleration architecture and claimed it outperforms US and European exascale machines, marking China’s return to the TOP500 summit after nine years.

FX desks are on alert for possible Japanese intervention after reports that Japan's finance minister Katayama and US treasury secretary Bessent held an online discussion that may have touched on exchange rates. USD/JPY traded around 161.57 early Tuesday, near a 40-year low. NHK and Kyodo reported the officials may have discussed the currency. Traders say the yen remains under pressure after the Bank of Japan’s recent rate hike failed to raise borrowing costs quickly enough to curb inflation, and higher oil prices linked to the US‑Iran war add further strain. A Sumitomo Mitsui Trust Bank New York trader, Takeru Yamamoto, said Japanese authorities may seek to signal coordination with the US and that the intervention threshold is not high; he added USD/JPY could test the 162 area this week despite the underlying fundamentals.

June 22, 2026 — The ASEAN Supply Chain Cooperation Exchange was held in Beijing during the fourth Chain Expo. China Council for the Promotion of International Trade chairman Ren Hongbin proposed three market-focused cooperation initiatives: expand policy dividends to jointly advance institutional opening; deepen cross-border production and supply-chain integration to build a shared, win‑win market; and seize digital opportunities to develop new cooperation blue‑ocean opportunities in emerging sectors.