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May 28 — Hong Kong close: HSI fell 322.07 points, or 1.27%, to 25,006.16. Hang Seng TECH Index fell 18.99 points, or 0.39%, to 4,888.58. Hang Seng China Enterprises Index (HSCEI) fell 98.61 points, or 1.17%, to 8,364.41. Hang Seng Red Chip Index fell

2026-05-28

May 28 — Hong Kong close: HSI fell 322.07 points, or 1.27%, to 25,006.16. Hang Seng TECH Index fell 18.99 points, or 0.39%, to 4,888.58. Hang Seng China Enterprises Index (HSCEI) fell 98.61 points, or 1.17%, to 8,364.41. Hang Seng Red Chip Index fell 55.98 points, or 1.27%, to 4,336.06.

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2026-05-28

The 134.2-km Pinglu Canal, the first river-to-sea grand canal built since the Founding of the People’s Republic of China, has been constructed to Class I inland waterway standards and will accommodate 5,000-ton vessels. Today (May 28), excavation of

The 134.2-km Pinglu Canal, the first river-to-sea grand canal built since the Founding of the People’s Republic of China, has been constructed to Class I inland waterway standards and will accommodate 5,000-ton vessels. Today (May 28), excavation of the canal’s main navigation channel was completed, laying a solid foundation for the Pinglu Canal’s planned completion and opening to navigation in September.
2026-05-28

The International Energy Agency (IEA) said in a report that global investment in gas projects is expected to rise by more than 10% this year to $330 billion, a 10-year high, while upstream oil investment is set to fall for a third consecutive year. W

The International Energy Agency (IEA) said in a report that global investment in gas projects is expected to rise by more than 10% this year to $330 billion, a 10-year high, while upstream oil investment is set to fall for a third consecutive year. With the Iran war disrupting global energy markets, energy firms are accelerating investment in other regions and increasing spending on renewables, liquefied natural gas and coal to bolster supply security. In its 2026 Global Energy Investment Report, the IEA said that despite Middle East turmoil, energy-sector capital spending in 2026 is expected to grow 5% to $3.4 trillion, of which $2.2 trillion will be allocated to renewables, storage, grids and low-emission fuels. Oil-supply investment will be below $500 billion. Gas investment growth is driven mainly by U.S. LNG projects, but the current crisis has made Asian importers more cautious about reliance on gas. Coal investment will hit a 14-year high at $180 billion. Nuclear investment is recovering, with spending this year expected to reach $80 billion. The IEA expects Middle East oil-and-gas investment in 2026 to decline about 1%, citing infrastructure damage, revenue losses and production disruptions that have weakened capital-deployment capacity.
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