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Chinese Chipmaker CXMT Debuts at $490 B Valuation

7/27/2026

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Summary

Story summary

Chinese chipmaker CXMT surged on its Shanghai debut, valuing it at roughly 3.3 trillion yuan ($490 billion).
U.S. indices were mixed, with the S&P 500 down 0.1%, the Dow up 0.2% and the Nasdaq down 0.4%.
Analysts see a 36% chance of a Fed hike on Wednesday and expect at least one increase by year-end, while consumer confidence data is due Tuesday and an inflation report Thursday.

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Story summary

Chinese chipmaker CXMT surged on its Shanghai debut, valuing it at roughly 3.3 trillion yuan ($490 billion).
U.S. indices were mixed, with the S&P 500 down 0.1%, the Dow up 0.2% and the Nasdaq down 0.4%.
Analysts see a 36% chance of a Fed hike on Wednesday and expect at least one increase by year-end, while consumer confidence data is due Tuesday and an inflation report Thursday.