South Korea Financial Markets

A dealer walks past near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Monday, July 27, 2026.

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Stocks waver on Wall Street and crude oil prices drop 5% as Mideast tensions cool

Stocks waver on Wall Street and crude oil prices drop 5% as Mideast tensions cool

Stocks are wavering on Wall Street and oil prices are down 5% after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end the war. The S&P 500 fell 0.1% Monday. The index is coming off two weekly losses in a row. The Dow Jones Industrial Average rose 88 points, and the Nasdaq composite fell 0.4%. Chinese memory chip maker CXMT soared in its debut in Shanghai. After shooting as high as $102 a barrel last week, Brent crude was trading at about $86 a barrel. Treasury yields fell in the bond market.