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

Oil prices have dropped nearly 7%, while global shares are on the rise. Meanwhile, Chinese chipmaker CXMT experienced a staggering 466% surge in its debut in Shanghai, signaling positive market sentiment amid easing geopolitical tensions.

AP News· Jul 28, 2026 · 1:10 AM · 42 views

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Oil prices have dropped nearly 7%, while global shares are on the rise. Meanwhile, Chinese chipmaker CXMT experienced a staggering 466% surge in its debut in Shanghai, signaling positive market sentiment amid easing geopolitical tensions.

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#news #breaking #oilprices #stocks #CXMT #China #marketupdate

Originally reported by AP News. Read the full story →

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