China trade defies Iran war drag as exports, imports beat estimates in May

China's economy has shown signs of faltering following a strong first-quarter.
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Why it mattersExports to the U.S. surged the most since March 2021, extending a rebound following a long streak of double-digit declines for the most of last year.

Why it mattersChip sector strength signals investor confidence in technology and semiconductor demand, which typically reflects broader economic expectations and supply-chain stability.
In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%.

Why it mattersEnergy markets are pricing in real geopolitical risk; crude price spikes ripple through gasoline costs, inflation, and Fed policy decisions that affect household budgets and investment returns.
Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
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