Trump's Statements Rock Global Markets: US Indices Fall, Asian Markets Mixed

Business
M
Moneycontrol•08-01-2026, 08:41
Trump's Statements Rock Global Markets: US Indices Fall, Asian Markets Mixed
- •US INDICES, including Dow, S&P 500, and Nasdaq, slipped from record highs following President Trump's recent statements.
- •Trump targeted defense companies, demanding increased R&D spending to allow dividends/buybacks, causing initial fluctuations.
- •He also aimed at the housing sector, proposing to prevent institutional investors from buying single-family homes to boost affordable housing.
- •Asian markets showed mixed trading, with Gift Nifty under pressure, while Nikkei and Hang Seng declined.
- •Tensions escalated between the US and Russia after the US Navy seized a Russian oil tanker linked to Venezuela.
Why It Matters: Trump's policy statements on defense, housing, and Venezuela significantly impacted global markets.
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