CXMT Surges 535% in Shanghai Debut as Nasdaq 100 Futures Climb 1.6%
Updated
Updated · Bloomberg · Jul 27
CXMT Surges 535% in Shanghai Debut as Nasdaq 100 Futures Climb 1.6%
3 articles · Updated · Bloomberg · Jul 27
Summary
CXMT jumped as much as 535% in its Shanghai trading debut, leading a broader premarket rally in AI-linked shares from chipmakers to electrical equipment makers.
S&P 500 futures rose 1% and Nasdaq 100 futures gained 1.6% after a sharp drop in oil prices sparked a relief rally across stocks and bonds.
The move followed a lull in Middle East hostilities, easing one of the market's immediate inflation and growth concerns.
That rebound kicks off a week loaded with corporate earnings and multiple interest-rate decisions, giving investors fresh tests for whether the risk rally can hold.