China stocks climbed to an eight-month high on Tuesday, while Hong Kong shares extended gains to a multi-year peak, driven by construction and power firms after work began on a major dam project in Tibet,

China's stock markets reached new heights driven by major construction and power firms after commencing work on a colossal hydropower dam in Tibet. Investor confidence in Beijing's economic policies spurred the CSI300 and Hang Seng indices to significant gains.

China’s mega dam build helped spark an iron ore price revival that has lifted shares in Australia’s largest mining company to a 2025 high, but a clampdown on steel mill cannibalisation is stoking uncertainty.

China's Premier Li Qiang announced construction had begun on what will be the world's largest hydropower dam, located on the eastern rim of the Tibetan Plateau and estimated to cost around $170 billion,

China has officially launched construction of what experts call the world’s largest hydropower project, a colossal dam on the Yarlung Zangbo (Brahmaputra) in southeastern Tibet.