China's market regulator on Monday said that a preliminary investigation had found that Nvidia had violated the country's anti-monopoly law, marking the latest hit for the U.S. chip giant.

China is ramping up scrutiny of US chipmaker Nvidia as trade frictions strain ties between the world's two largest economies.

China said that Nvidia has violated its anti-trust laws in a 2020 acquisition of an Israeli company. It said the company hasn't followed the sale's conditions.

The Federal Reserve's anticipated 25-basis-point rate cut has betting markets signaling confidence leading stock futures to ...