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BUSINESSJul 27 · 05:35 UTCWDIV CLICKONDETROITElaine Kurtenbach, Associated Press

Oil prices sink 4% while Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Oil prices fell over 4% as U.S. and Iran discussions on a potential ceasefire eased tensions, while Asian shares rose, led by a 470% surge in Chinese chipmaker CXMT's debut on Shanghai's technology board, making it China's most valuable listed company. U.S. markets showed mixed results, with the S&P 500 down slightly and tech stocks like Micron Technology and Broadcom declining.

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Oil prices sink 4% while Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut · The Nexus