China's CXMT surged 471% on its first trading day, giving it a market cap above Intel's. That's a massive vote of confidence in China's domestic chip ambitions, even as the broader tech sector faces headwinds.
financeMonday, July 27, 2026
China's CXMT surges 471% on debut
A Chinese chipmaker's blockbuster IPO dominates the day, while the rest of the market watches for China's PMI and US consumer confidence. Crypto sees a modest inflow reversal and a fresh exchange wind-down.
IPO spectacle
The biggest story today is a Chinese chipmaker's stunning debut, putting the spotlight on China's semiconductor push.
Macro and markets
Between China's slowing industrial profits and a packed data week, traders are bracing for PMIs and consumer confidence prints.

China's industrial profit growth slowed for a second straight month in June, as falling oil prices ate into the price gains that had fueled the rebound. The 15.1% year-on-year gain is still strong, but the deceleration is clear.
US consumer confidence data lands a day before the Fed's decision, with the 'jobs hard to get' measure at a five-year high. That could sway the dollar and rate expectations if it surprises.
Crypto currents
Bitcoin ETFs finally saw net inflows after a long outflow streak, but an exchange wind-down and a stablecoin breach remind the market that risks haven't gone away.

Bitcoin ETFs saw $33 million in net inflows, the first notable positive day after a long stretch of outflows in 2026. It's a small reversal, but it might signal a shift in sentiment.

BitMart's wind-down is starting to bite: withdrawal speeds have dropped sharply, with only $805k moved in 24 hours. Users are still able to withdraw, but the slowdown suggests a rush may have already passed.

Stablecoin payments firm Triple-A confirmed a treasury wallet breach that hit $11.8 million in losses. Client funds weren't affected, but it's a reminder of the operational risks in crypto finance.
Also today14
5 Major Charities That Accept Crypto Donationshackernoon.com
Stop Trying to Buy Low and Sell High: Why Long-Term Crypto Investors Are Using Liquidity Pools to Build Passive Incomemarkettycoon.net- China PMI Preview (July 2026): 50.3 Expected on 31 July — What Politburo Week Means for the Aussie and Kiwipiptheory.com
- Britain’s Home-Grown Price Pressures Finally Easing for the BOEfinancialpost.com
- Leading edge materials welcomes swedish mineral strategy and potential measures to accelerate strategic projectsfinancialpost.com
- Korean Stock Market Extends Losses as Samsung, SK Hynix Lead Selloffbitrss.com
As fashion stumbles, jewellery will help shape luxury's winnerswww.globalbankingandfinance.com
AstraZeneca beats second-quarter profit expectations, holds outlookwww.globalbankingandfinance.com
Why Ethereum’s $83M capital inflow could signal ETH’s next rallybitrss.com
Ethereum's DEX volume declines despite growth across the chain.
Indonesia’s central bank governor resigns as Prabowo administration tightens grip on monetary policycryptobriefing.com
The resignation signals potential instability in Indonesia's monetary policy, risking investor confidence and economic volatility. The post Indonesia’s central bank governor resigns as Prabowo administration tightens grip on monetary policy appeared first on Crypto Briefing .
Stripe to buy startup OpenRouter for $10 billion: Reportwww.fortuneindia.com
Santana Minerals hits bonanza gold grades in latest Rise and Shine drillingwww.fool.com.au
Santana Minerals found impressive new gold zones at Rise and Shine, further de-risking the project while awaiting regulatory approvals. The post Santana Minerals hits bonanza gold grades in latest Rise and Shine drilling appeared first on The Motley Fool Australia .
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Foodman's dark footwork, Mitski's spellbinding show
Comic-Con hangover, fresh music reviews
tv roundup