South Korea Financial Markets

The screens show the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Monday, July 27, 2026.

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Oil prices sink 4% while Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Oil prices sink 4% while Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Shares are mostly higher in Asia as oil prices slipped more than 4% after the U.S. and Iran paused their attacks for a second night. The two sides were refraining from fighting while discussing a possible resumption of negotiations on an interim ceasefire deal. Shares in Chinese memory chipmaker CXMT soared about 470% as they began trading on Shanghai's technology board Monday. On Friday, U.S. shares drifted and the S&P 500 was mostly unchanged. The Dow industrials added 0.5% and the Nasdaq composite fell 0.6%. All three indexes finished the week lower. After shooting to $102 a barrel last week, Brent crude was down 4.6% at $87.46 early Monday. U.S. futures advanced.