Oil Prices Sink 5% and Asian Shares Gain as Chinese Chipmaker CXMT Soars in Shanghai Trading Debut
BANGKOK (AP) — Shares were mostly higher Monday in Asia as oil prices slipped more than 4% after the U.S. and Iran refrained 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. The…