China chip champ
News Source : Yahoo Entertainment
News Summary
- A pause in the Iran conflict and a retreat in crude oil prices offer some relief at the start of what's set to be another turbulent week for markets.
- There's still at least a one-in-four chance of a Fed rate hike on Wednesday priced into futures, despite the latest retreat in oil prices.
- On the other side of the world, Chinese chipmaker CXMT had a blowout IPO on Monday that saw its stock soar nearly 500% in its Shanghai debut.
By Mike Dolan July 27 (Reuters) What matters in U.S.
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