Will Trump Sending Troops To LA Aid China’s Narrative? | Insight with Haslinda Amin 6/10/2025

US-China Trade Relations - US officials express optimism about the first day of trade negotiations in London, but Trump acknowledges the difficulty of negotiations with China [4] - Trade talks between the US and China continue, focusing on easing tensions over technology and rare earth shipments [2] - Commerce Secretary Howard Lutnick calls the talks fruitful, but there's no word from the Chinese side [40] - Xi Jinping urges China and South Korea to safeguard free trade and jointly safeguard multilateralism amidst US tariffs [89][90] - Markets are looking beyond trade tensions, focusing on undervalued fundamentals in Chinese and Hong Kong markets [102][103] China's Economy and Housing Market - China is tapping into its Housing Provident Fund, worth $1.5 trillion, to support the ailing property sector [47] - The Housing Provident Fund, adopted from Singapore, offers an alternative to bank loans for home buyers [47] - Commercial banks are scaling back lending due to low margins and rising bad debt, making the Housing Provident Fund more important [48] - 50 cities across China are relaxing rules on the use of the Housing Provident Fund to allow more people to access the funds for home purchases [51] - The growth in outstanding loans from the Housing Provident Fund outpaced that of commercial banks, growing at 3% last year [50] - Allowing more access to the Housing Provident Fund is a support measure for the property market, which is still expected to drop 10% in sales this year [52] Apple and AI Development - Apple's stock tumbled during the developers conference after confirming struggles with artificial intelligence [3] - Apple's software chief confirmed that work on Siri needs more time to reach their high-quality bar [3] - Apple will let third-party developers have access to Apple's on-device large language models [56] - The silence on Siri was notable, raising questions about how Apple will jump-start its AI strategy [69] - Apple emphasizes privacy, stating that consumer data is something that even Apple can't unlock or see [66] - Apple's new operating system interface, Liquid Glass, hints at the company's next era for design and software foundation [60][61] - The ecosystem is a $400 billion ecosystem that's going to be unleashed [69] India's Market - Franklin Templeton Institute is bullish on India, citing upside risks in the equity and fixed income markets [93] - Foreign investors are showing bullish inflows into Indian fixed income markets, especially in the short end [93] - The Nifty is at an eight-month high after the RBI surprise cut of 50 basis points [91] - The RBI is expected to maintain a stable rupee [94] - India is seen as attractive due to controlled debt and inflation, and supportive policies [98] Geopolitics and US Domestic Issues - The Trump administration escalated its response to protests in Los Angeles by mobilizing 700 Marines and 2000 National Guard troops [1][6] - California is suing the White House for deploying the National Guard, with Governor Gavin Newsom calling Trump's moves the acts of a dictator [2][7] - Concerns are raised about the use of federal military for domestic policing, drawing parallels to historical tyranny [14] - The deployment of troops is seen as inflammatory and provocative, potentially prolonging violence [16] - The situation in Los Angeles is described as largely peaceful protests in response to immigration efforts [10] - There are concerns that the federal government is overreaching by mobilizing the National Guard and Marines [11]