Broker Research: Sector, Macro and Strategy Notes

Nomura·2026-08-06Macro

CNY·Overweight

Nomura·2026-08-06Sector

KIOXIA SNDK

Nomura·2026-08-06Sector

China AI compute·Overweight

Nomura·2026-08-05Macro

CNY·Overweight

Nomura·2026-08-04Sector

Nomura·2026-08-04Macro

Asia rates·UnderweightKorea long-end rates·Overweight

Nomura·2026-08-04Macro

CNY·Overweight

Nomura·2026-08-03Sector

India autos·Overweight

Nomura·2026-08-03Macro

CNY·Overweight

Nomura·2026-08-02Sector

China autos·Underweight

Nomura·2026-08-02Sector

Nomura·2026-08-02Macro

JPY·Overweight

Nomura·2026-07-31Macro

Nomura·2026-07-31Sector

Nomura·2026-07-31Macro

Crude oil·Overweight

Nomura·2026-07-31Sector

Nomura·2026-07-31Macro

China property·Underweight

Research: Broker notes on sectors, macro, rates and strategy

USD CNY fix model Projection: 6.7463

Industrial electronics sector Overseas results: Sandisk 26 6 Q4 (Apr–Jun) results

Global AI Trend Tracker: AI Expert Call #71 – China’s SuperPod development

Asia Insights: China: Revising down our Q3 GDP growth forecast to 4.3% from 4.5%

USD CNY fix model: Projection: 6.7472

China Power Grid: Extended upcycle fueled by 15th FYP and exports

China factory automation data: July 2026: Airtac sales up 30% y-y in July

Global AI Trend Tracker: Our read on Reuters’ report regarding China’s DC components

Asia Insights: Asia rates: Maintain overall pay stance but with some RV trades

USD CNY fix model: Projection: 6.7624

India Autos: Jun-2026 volumes,Strong demand across segments; EVs in top gear

USD CNY fix model: Projection: 6.7387

China Auto EV: Y-y retail sales decline to narrow in Jul-26 on low base effect

China healthcare: MNCs’ June-quarter results read-through (2)

First Insights: JPY: US backs Japan’s JPY defense

Asia Insights China: Official PMIs dropped notably in July

China sportswear: Read-across from adidas’ 2Q26 results

Asia Insights: China: A shock absorber for global oil markets amid the Iran war (for now)

Global AI Trend Tracker: Amazon’s 2Q26 earnings read through

Asia Chart Alert: China: Developers’ contract sales value worsened further in July