Global Markets Mixed: US Records, Asia Dips; Geopolitical Tensions Rise, NVIDIA Soars

Business
M
Moneycontrol•07-01-2026, 08:13
Global Markets Mixed: US Records, Asia Dips; Geopolitical Tensions Rise, NVIDIA Soars
- •US markets (Dow, S&P) hit record highs for third consecutive day, Nasdaq also rose, driven by tech stocks.
- •Gift Nifty and Asian markets (Nikkei, Hang Seng, Taiwan) are trading lower, showing pressure.
- •NVIDIA's H200 chip sees high demand in China; company expects $500 billion revenue, new chips by 2026.
- •Geopolitical tensions rise with Trump's interest in Greenland, EU warnings, and China-Japan export restrictions over Taiwan.
- •Trump warns Republicans on midterm elections, discusses Venezuela oil; US Services PMI shows weakest growth since April 2025.
Why It Matters: Global markets show mixed trends with US records and Asian dips, fueled by tech, geopolitics, and economic data.
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