Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes ‌for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.

The ability of tankers to pass safely through the Strait of Hormuz has been the central concern for the oil market since the U.S. and Israel attacked Iran in late February. The na

Oil prices fell on Monday as President Trump's decision to pause strikes on Iran fueled hopes for diplomacy. Meanwhile, top tech stocks including Amazon and Meta are preparing for the release of their new earnings reports.

The US says attacks on Iran have been halted to give "talks some space", raising hopes of a resolution to the conflict.

Williams, Hilton, Centene, PayPal, S&P Global Earnings (p.m.): Visa, Ford Motor, Mondelez International, Waste Management, PPG Industries, Bloom Energy, Avis Budget, Seagate Technology Economic data:

Traders are gearing up for a volatile week for stocks, with the Fed's two-day policy meeting kicking off and Big Tech earnings on deck.

A "super week" begins for stock investors, starting with SK Hynix’s earnings announcement on the 29th, followed by the Federal Reserve’s interest rate decision. Tensions are escalating as global stock market volatility grows amid controversies over an artificial intelligence (AI) bubble.

Markets face the week's most consequential moment Wednesday at 2:00pm when the Federal Reserve announces its rate decision and Fed Chair Kevin Warsh holds his first post-decision press conference, setting policy direction.

Shares in China’s CXMT surged more than five times from its IPO price in Shanghai on Monday, as investors scrambled for exposure to the memory chip sector. Originally priced at RMB 8.66, the stock closed at RMB 49.

Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years

Shares in China's biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange's tech-heavy STAR Market. The surge has pushed CXMT's stock market valuation to around 3.

Shares of CXMT Corp surged more than 500% on ​their Shanghai trading debut on Monday following Asia's biggest IPO this year, catapulting the chipmaker to the top of China's stock market by valuation despite ‌a recent selloff in global tech stocks.

Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it ‌is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.

Shein recorded a loss for the first quarter on slowing sales, as the fast-fashion giant gears up for a planned Hong Kong listing. The China-founded company reported a net loss of $99 million for the first three months of the year,

Shein fell to a net loss in the first quarter as US and EU trade tensions hit its business, the fast-fashion retailer reported in a filing ahead of its Hong Kong listing. The China-founded company reported a quarterly net loss of $99mn in a pre-initial public offering filing to Hong Kong’s stock exchange late on Sunday.

Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge.

Nvidia plans to invest $1 billion in S. Korean tech company Naver as the companies develop sovereign AI factories in South Korea and overseas markets.

The planned investment could pave the way for a broader multibillion-dollar push into AI infrastructure in South Korea.

Shares of South Korean internet and cloud service giant Naver jumped more than 10% ​on Monday after it said Nvidia would acquire $1 billion of its new ‌shares to finance a project to expand an AI data centre.

Shares of South Korea’s Naver Corp rose 8% on Monday after the internet company announced that Nvidia Corporation will acquire $1 billion of newly issued shares. The investment is part of a partnership between the companies to develop an artificial intelligence data center.

The latest leadership change under the Prabowo administration could stoke worries about central bank independence and economic policymaking in Southeast Asia’s largest nation.

John Rachmat from Pinnacle Investments discusses the three and conflicting mandates that Bank Indonesia has and how central bank independence is at risk in Indonesia.

Just as a fragile calm was returning to Indonesian markets, the abrupt resignation of the central bank chief has reignited investor anxiety over policy credibility and political influence in managing Southeast ​Asia's biggest economy.

Indonesia's central bank governor has resigned early as the country battles a weakening currency and other economic woes sparked by the Middle East war, the government said Monday.