Market Talk for June 8th, 2021

by Martin Armstrong
Armstrong Economics


China on Tuesday warned the United States against pursuing a trade deal with Taiwan after the US said it would start negotiations with the self-ruled island. Beijing sees democratic Taiwan as part of its territory. On Tuesday, China’s foreign ministry spokesman Zhao Lijian urged Washington to “stop any form of official exchanges with Taiwan, handle the Taiwan issue cautiously, and refrain from sending any wrong signals to Taiwan independence forces.” Chinese social media erupted with fury at the weekend over a visit by US senators to Taipei where they announced that Washington would donate 750,000 COVID-19 vaccine doses to the island. US Secretary of State Antony Blinken told a congressional hearing in Washington that discussions would begin on a trade deal.

India’s market regulator on Monday barred Franklin Templeton Mutual Fund from launching any new debt schemes for two years, after a probe into its sudden closure of six credit funds last year found “serious lapses and violations.”

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