Oil prices sink 5% and Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut
BANGKOK (AP) — Shares were mostly higher Monday in Asia as oil prices slipped more than 4% after the U. S. and Iran refrained from fighting while discussing a possible resumption of negotiations on an interim ceasefire deal. Shares in Chinese memory chipmaker CXMT soared about 470% as they began trading on Shanghai’s technology board. The company jumped to become China's most valuable listed company with an estimated market capitalization of 3. 3 trillion yuan (nearly $490 billion). The to...
Read MoreMon, 27 Jul 2026
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