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

Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut
Photo: KSTP 5 Eyewitness News (ABC) · view original

BANGKOK (AP) — World shares were mostly higher Monday and oil prices slipped nearly 7% as 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 466% as they began trading on Sha...

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