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Oil Drops, Stocks Soar, China Surges | Irvine News

Oil Drops, Stocks Soar, China Surges | Irvine News

Published 1 week, 6 days ago
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Global markets surged Monday as oil prices plummeted nearly 7% amid eased U.S.-Iran tensions, sparking a rally in Europe, Asia, and U.S. futures. Meanwhile, China’s CXMT exploded onto the Shanghai tech board, soaring 460% to become the nation’s most valuable listed company with a $490 billion market cap. Investors breathed a sigh of relief after weeks of inflation fears fueled by rising energy and new tariffs — now casting doubt on the Fed’s upcoming rate-cut hopes.

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