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BUSINESSJul 27 · 09:20 UTCWPLG LOCAL 10 MIAMIBy ELAINE KURTENBACH, Associated Press

Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Oil prices fell nearly 7% and global shares rose as U.S.-Iran tensions eased, with Chinese chipmaker CXMT surging 466% on its Shanghai debut. CXMT became China's most valuable listed company with a $490 billion market cap, while geopolitical relief boosted equity markets.

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CXMTorganizationUnited StatesplaceIranplaceShanghaiplaceDonald TrumppersonFederal Reserve (Fed)organizationS&P 500topicBrent crudetopic
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