Date 10 Jun 25 (Tue) : One Man's Loss is another Man's Gain... US-China Talk agreed on Prelim Plan

So far, Trump's policies include his OBBB (One Big Beautiful Bill Act), had continuously surprised the markets almost everyday. You can never miss this name "Trump" from daily news whenever switching on the TV. But end of the day, who are the gainers from all these chaos, and who are the losers?

Personally, I think tariff didn't make U.S. richer at the moment with its existing humongous debts, in fact his everchanging policies really confuse all investors. Though U.S. stock markets still look very attractive, the weak dollar worries some investors and some of them prefer to diversify its assets away from U.S. to other markets.

Today, one market which was a laggard last year, had been benefitted greatly from this chaos... that is Hong Kong Stock Market. HSI was a total disappointment in the last 2 years... falling to the bottom of 14,700 in Jan 2024 and today it had rebounded almost 10,000 points, crossing back to 24,000 this week. This rebound make the ex-Chief Economist of Morgan Stanley (Stephen Roach) to change his statement about "HK is over" last week. But do take note that HKD is pegged against USD, and may drag down in the overall portfolio performance with weaker HKD. [See below for detail] So in conclusion, even if U.S. markets tumble again (given that many people believe Trump has his way to keep his bitcoin and stock market get going), it should also be a buying opportunity in Asia markets. But for U.S. market, investor must take care of the exchange rate when buying.

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Singapore

This Week Economic Data

2Jun/Mon: Manufacturing PMI (May) : from 49.6 to 49.7

5Jun/Thu : Retail Sales, yoy (Apr) : from 1.3% to 0.3%

5Jun/Thu : Retail Sales, mom(Apr) : from -2.7% to 0.3%

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Unit States :

One remark: subscribe to Truth Social to check out what Trump got to say.

China-U.S. agree on framework to implement Geneva trade consensus after second day of London talks https://www.cnbc.com/2025/06/11/us-china-agree-on-framework-to-implement-geneva-trade-consensus-.html Others :

Trump and Musk fight continue. US Dollar weaken further on weak data

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Hong Kong Market Situation

Roach: Too Early to Declare Hong Kong Over

Stephen Roach, Senior Fellow at Yale Law School, discusses why he is revising his declaration that Hong Kong is finished and says the city is being reinvigorated by US-China tensions. He speaks with Yvonne Man and David Ingles on "Bloomberg: The China Show." (Source: Bloomberg)https://www.bloomberg.com/news/videos/2025-06-03/roach-too-early-to-declare-hong-kong-over-video

HSBC Private Banking: HK Stocks Still Have Upside Room as CN-US Heads of State Dialogue Unveils Positive Messages HSI Target set by HSBC : 25,830 [http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1445102/positive-news/AAFN]

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