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Futu Holdings (FUTU.O) shares fell more than 6% in pre-market trading after its first-quarter revenue missed expectations.

Market news: The Ukrainian parliament has approved a loan agreement with the European Union.

The Hang Seng Index closed down 322.07 points, or 1.27%, at 25,006.16 on Thursday, May 28; the Hang Seng Tech Index closed down 18.99 points, or 0.39%, at 4,888.58; the H-share Index closed down 98.61 points, or 1.17%, at 8,364.41; and the Red Chip Index closed down 55.98 points, or 1.27%, at 4,336.06.

Swedish Prime Minister: I will meet with the Ukrainian President on Thursday, at which time I will announce news related to the aircraft.

Market news: Ukrainian President Zelensky will visit Sweden on Thursday.

Futu Holdings (FUTU.O) reported a 58.5% year-on-year decrease in its first-quarter non-GAAP adjusted net profit.

Futu Holdings (FUTU.O) reported a net profit of HK$830.985 million in Q1 2026, compared to HK$2.143 billion in the same period last year.

On May 28, Iranian Foreign Ministry spokesman Baghae issued a statement strongly condemning the US military attack on parts of Bandar Abbas in southern Iran early that morning. Baghae stated that this act was a blatant violation of Iran's territorial integrity and national sovereignty, and a serious breach of international law and the UN Charter. Baghae pointed out that the UN Security Council has a responsibility to fulfill its legal obligations and hold the US accountable.

On May 28th, according to Investinglive, gold prices fell to a two-month low this week due to a lack of substantial progress on the US-Iran issue and the risk of a hawkish stance from the Federal Reserve. Despite market expectations of an imminent agreement and the reopening of the Strait of Hormuz, no official confirmation has been released. Currently, there is only a lot of noise and rumors. Furthermore, in the past few days, both the US and Iran have conducted limited military strikes, but the US continues to maintain that the ceasefire agreement remains in effect. Regarding the Federal Reserve, a growing number of policymakers are now advocating abandoning the dovish bias, so we can expect this to happen at the June FOMC meeting. Moreover, if there are no changes in the US-Iran situation before then, with persistently high inflation and resilient US data, the market may see a hawkish surprise. In the short term, if the situation is resolved and the Strait reopens, lower oil prices and rising expectations of interest rate cuts may support gold prices. However, if the Strait remains closed for a longer period and oil prices remain high, the risk of the Federal Reserve being forced to raise interest rates will increase.

Iranian Foreign Ministry spokesman: Iran expresses solidarity with Oman following “threats from U.S. officials.”

According to RIA Novosti, the head of Russia's Foreign Intelligence Service stated that the European Union is accelerating its military buildup and is evolving into a military alliance against Russia.

On May 28th, European Central Bank President Christine Lagarde stated on Thursday that governments may be inclined to strengthen control over monetary authorities, making the maintenance of central bank independence even more crucial amidst an increasingly challenging global order. Lagarde said, "In an increasingly difficult world, the challenge is no longer just maintaining legal independence, but more importantly, maintaining the credibility needed to exercise that independence." "History has taught us a very clear lesson: building trust takes a long time, but losing it takes only a moment." Lagarde noted that over the past decade, the "de facto independence" of central banks in nearly half of the countries representing approximately 75% of global GDP has deteriorated. She also emphasized that policymakers face an increasingly unfavorable environment, including more frequent supply shocks, rising fiscal pressures, and declining public trust in public institutions. In this context, credibility earned through action is becoming increasingly decisive.

On May 28th, SpaceX CEO Elon Musk stated on Thursday that SpaceX has only agreed to lease its Colossus AI training data center cluster to Anthropic for six months, but added that the agreement "could" be extended for several years. "SpaceX has not committed to leasing Colossus for many years, although that could certainly happen," Musk said. Earlier this year, SpaceX reached an agreement with Anthropic, with the latter paying $1.25 billion per month to use the computing power of its Colossus and Colossus II data center clusters in Memphis, Tennessee, until May 2029. SpaceX stated in a regulatory filing last week that either party can terminate the agreement with 90 days' notice. The filing did not mention a six-month lease agreement. Musk stated that the agreement is a 180-day lease, after which either party can terminate it with 90 days' notice. "We won't put them in a difficult position and will provide reasonable exit strategies, but if computing resources become extremely strained, I have indicated that we may need to reclaim those resources at some point." According to SpaceX's IPO filing, the company's AI business unit generated $818 million in revenue and incurred an operating loss of approximately $2.5 billion in the March quarter.

European Central Bank President Christine Lagarde: The independence of the Federal Reserve is not a "sure thing".

Futures News, May 28th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on May 28th: 1. Pulp futures warehouse receipts: 207,266 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,560 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 41,160 tons, unchanged from the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 31,220 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 5,000 tons, an increase of 5,000 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

On May 28, the 24th meeting of the Standing Committee of the 16th Beijing Municipal People's Congress heard and deliberated on the report of the Ethnic and Religious Affairs Committee of the Municipal People's Congress on the results of its deliberation of the motions submitted by deputies to the Presidium of the Fourth Session of the 16th Beijing Municipal People's Congress. The Presidium of the Fourth Session of the 16th Beijing Municipal People's Congress submitted four motions to the Ethnic and Religious Affairs Committee for deliberation: a motion by 13 deputies including Huang Leping on the formulation of the "Regulations on the Development of the Artificial Intelligence Industry in Beijing"; a motion by 15 deputies including Yang Qiang on the formulation of "Legislation to Promote the Development of the Artificial Intelligence Industry in Beijing"; a motion by 12 deputies including Tao Qinghua on the formulation of "Legislation to Accelerate the Development of the Artificial Intelligence Industry and Strengthen the Talent Pool"; and a motion by 17 deputies including Zhang Xiyong on the formulation of "Legislation to Accelerate the Development of the Embodied Intelligent Robot Industry". According to the legislative work plan, the Standing Committee plans to conduct the first reading of the draft regulations in November this year. Before that, the Standing Committee Chairman's Meeting will also study the "Project Feasibility Study Report on the Regulations on the Development of the Artificial Intelligence Industry in Beijing".

The German DAX 30 index opened down 120.96 points, or 0.48%, at 25097.00 on Thursday, May 28; the UK FTSE 100 index opened down 67.51 points, or 0.64%, at 10437.50; and the French CAC 40 index opened down 36.88 points, or 0.45%, at 8171.01. The Stoxx 50 index opened down 23.08 points, or 0.38%, at 6047.46 on Thursday, May 28; the Spanish IBEX 35 index opened down 66.96 points, or 0.36%, at 18313.94 on Thursday, May 28; and the Italian FTSE MIB index opened down 134.17 points, or 0.27%, at 49444.50 on Thursday, May 28.