---
title: "Stocks Sink Despite Hormuz Hopes As China Sparks Chipmaker Chunder Into Busy Week"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293968724.md"
description: "Tl;dr: TACO strikes again (Trump halts strikes for diplomacy) smashing oil prices lower (stocks initially higher, bond yields lower) but a double-whammy from China (CXMT and DUV, more below) sparked a Semis slump, dragging Nasdaq lower ahead of a very catalyst-heavy week (rest of the majors managed gains). The dollar, gold, and bitcoin all ended with marginal point-to-point moves after initial kneejerks.Oil"
datetime: "2026-07-27T20:02:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293968724.md)
  - [en](https://longbridge.com/en/news/293968724.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293968724.md)
generator: "portal-rs"
---

# Stocks Sink Despite Hormuz Hopes As China Sparks Chipmaker Chunder Into Busy Week

***Tl;dr:** TACO strikes again (**Trump halts strikes for diplomacy**) smashing **oil prices lower** (stocks initially higher, bond yields lower) but a **double-whammy from China** (CXMT and DUV, more below) sparked a **Semis slump**, dragging Nasdaq lower ahead of a very catalyst-heavy week (rest of the majors managed gains). The dollar, gold, and bitcoin all ended with marginal point-to-point moves after initial kneejerks.*

## Oil

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- [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md)
- [Oil edges up on uncertainty over exports through Hormuz](https://longbridge.com/en/news/296282399.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**