Global markets rallied on Monday while oil prices fell nearly 7% as investors welcomed signs that the US and Iran had stepped back from further military confrontation and were discussing a possible resumption of negotiations on an interim ceasefire deal.
Global markets rallied on Monday while oil prices fell nearly 7% as investors welcomed signs that the US and Iran had stepped back from further military confrontation and were discussing a possible resumption of negotiations on an interim ceasefire deal.
Investor sentiment also received a boost from the spectacular stock market debut of Chinese memory chipmaker CXMT. Shares of the company surged 466% on their first day of trading on Shanghai's technology board, making it China's most valuable listed company with an estimated market capitalisation of 3.3 trillion yuan (nearly $490 billion).
Oil prices plunge as geopolitical tensions ease
The Pentagon did not respond to questions about the reported pause in attacks on Iranian coastal areas and infrastructure after nearly two weeks of escalating fighting triggered by Iran's attacks on ships transiting the Strait of Hormuz.
-
Water Bottle Still Smells Bad? The Hidden Mistake You're Making Every Day
-
Malaysia Set To Host 2026 Bahrain Grand Prix At Sepang
-
'Yet Another Medal For India': PM Narendra Modi Congratulates Bindyarani Devi After Women's 58kg Bronze Medal Win At Commonwealth Games 2026 | Video
-
TET Paper Leak Case: Fugitive Accused Sonu Diwakar Surrenders, Arrest Count Reaches 15
-
Maharashtra CET Cell Withdraws Engineering Seat Acceptance Fee Hike For 2026-27 Admissions
