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BUSINESSJul 27 · 08:02 UTCWPLG LOCAL 10 MIAMIBy ELAINE KURTENBACH, Associated Press

Oil prices sink 5% and Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Oil prices fell over 5% as U.S.-Iran tensions eased, lifting Asian shares with Chinese chipmaker CXMT surging 470% on its Shanghai debut. Asian indices like Nikkei and Hang Seng rose, while U.S. crude prices dropped sharply.

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CXMTorganizationUnited StatesplaceIranplaceSPI Asset ManagementorganizationStephen InnespersonStrait of HormuzplaceNikkei 225organizationHong Kong's Hang Sengorganization
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