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On June 29 the National Flood Control and Drought Relief Headquarters and the Ministry of Emergency Management convened a multi-agency meeting with the China Meteorological Administration, Ministry of Water Resources, Ministry of Natural Resources, M

2026-06-29

On June 29 the National Flood Control and Drought Relief Headquarters and the Ministry of Emergency Management convened a multi-agency meeting with the China Meteorological Administration, Ministry of Water Resources, Ministry of Natural Resources, Ministry of Housing and Urban-Rural Development and Ministry of Transport to assess near-term rainfall trends and coordinate flood-control operations in priority areas. At 18:00 on June 29 the headquarters activated a level-4 flood emergency response for Anhui, Jiangxi and Guizhou and dispatched two working groups to Jiangxi and Guizhou to assist and guide local flood-control efforts.

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2026-06-29

About 14 mln barrels of Iraqi oil that had been stranded in the Persian Gulf amid Middle East fighting were shipped through the Strait of Hormuz over the past 10 days, aided by a fragile US‑Iran ceasefire that eased passage, Bloomberg tanker‑tracking

About 14 mln barrels of Iraqi oil that had been stranded in the Persian Gulf amid Middle East fighting were shipped through the Strait of Hormuz over the past 10 days, aided by a fragile US‑Iran ceasefire that eased passage, Bloomberg tanker‑tracking data show. Vessels carrying the cargo left the Gulf in late June and are en route to buyers in Asia, Europe and the US, implying roughly 1.4 mln bpd over the period; Bloomberg says all cargoes loaded and temporarily held in the Gulf since late February have now departed for final destinations.
2026-06-29

After last week's >1,200-point drop, the Hang Seng opened slightly higher and climbed through the day, closing up 1.57% at 23,026.68, staying above 23,000 with an intraday gain of over 500 points; Hang Seng TECH rose 3.23% to 4,393.01. Market turnove

After last week's >1,200-point drop, the Hang Seng opened slightly higher and climbed through the day, closing up 1.57% at 23,026.68, staying above 23,000 with an intraday gain of over 500 points; Hang Seng TECH rose 3.23% to 4,393.01. Market turnover was HKD 315.38 bln (previous session HKD 342.10 bln). Sector drivers: innovative drugs and biotech led gains, robotics and internet names outperformed, semiconductors strengthened in the afternoon; electronic components and liquid-cooling equipment underperformed. Notable movers: new listing 02672.HK +367.95%, 02617.HK +39.78%, Jiangsu Hengrui Medicine (01276.HK) +9.82%, SMIC (00981.HK) +6.00%, Baidu (09888.HK) +5.62%; Lenovo Group (00992.HK) -9.22%, 02476.HK -4.79%, Yangtze Optical Fiber & Cable (06869.HK) -4.47%.
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