Oil prices dropped following the temporary halt of military strikes between the US and Iran, easing tensions in the Middle East after two weeks of escalating conflict. This pause boosted global risk sentiment, leading to gains in Asian and European markets. Investors remain attentive as diplomatic efforts continue regarding access through the Strait of Hormuz. Meanwhile, China’s CXMT made a dramatic debut on the Shanghai stock exchange, surging up to 535%, reflecting strong investor interest in domestic semiconductor companies amid ongoing US-China technological competition.
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