Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-08-11Sector

000333.SZ6690.HKChina home appliances·Neutral

J.P. Morgan·2026-08-11Macro

Global rates·Underweight

J.P. Morgan·2026-08-11Credit

EM credit·Neutral

J.P. Morgan·2026-08-10Strategy

ANTM.JKASII.JKBBCA.JKINDF.JKISAT.JKMDKA.JKPGAS.JKIndonesia·Overweight

J.P. Morgan·2026-08-10Sector

Semiconductors·Overweight

J.P. Morgan·2026-08-10Strategy

Global equities·OverweightCyclicals·Overweight

J.P. Morgan·2026-08-10Credit

CTEV.US

J.P. Morgan·2026-08-09Sector

0688.HK0817.HKChina property·Neutral

J.P. Morgan·2026-08-09Macro

China rates·Overweight

J.P. Morgan·2026-08-09Sector

SKHYNIX SMSN2408.TWMUMemory·Overweight

J.P. Morgan·2026-08-08Rates

China government bonds·Overweight

J.P. Morgan·2026-08-08Macro

J.P. Morgan·2026-08-07Sector

Steel·Underweight

J.P. Morgan·2026-08-07Macro

J.P. Morgan·2026-08-07Sector

6762.TWDCHDD components·Overweight

J.P. Morgan·2026-08-07Macro

J.P. Morgan·2026-08-07Sector

0083.HKHK property·Neutral

J.P. Morgan·2026-08-07Sector

6996.T6997.T

J.P. Morgan·2026-08-06Sector

2318.HK

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

China Home Appliance: July AVC sales rebound, tough comps largely behind

In a cyclical state of mind

EM USD 10s30s Spread Curve Report

ASEAN Metals & Indonesia Strategy: How far are we from the bottom?

Semiconductors June WSTS: Growth Broadening and Accelerating Beyond Memory; We See a Path to $1.68T $2.25T in Semi Sales in CY26 CY27

Equity Strategy: Stay bullish on equities; Cyclicals are rallying past Low Vol stocks again

Claritev Corp (CTEV.US) Results slight beat; ACV bookings strong; NSA was a driver and we believe there are more opportunities; Maintain OW-260810 (1)

China Property: Marginal policy easing in Beijing

China: Inflation cooled more than expected in July

Global Memory Market: Global Memory TAM and S&D update: Stock correction is behind us but memory crisis is still ongoing

China Local Markets Weekly: Summer softness keeps duration in season; PBoC taps the brakes, not the wall

US Weekly Prospects

Global Data Watch: Asia Fiscal catch-up is key to China’s recovery

China Steel - Channel checker: 10-day China steel output-7% vs previous & Steel exports July run-rate -5% MoM; Seasonal slowdown amplified by weather disruptions

China: FX reserves ticked up, implied outflows elevated Enhancing tax transparency offshore wealth oversight

Electronic Components Sector: Western Digital’s 4Q FY2026 results: Implications for Japan’s electronic components sector

China July trade: AI still the anchor, external risks rise

Hong Kong Property: More signs of moderation in housing market; downgrade Sino Land to Neutral

Aluminum electrolytic capacitors industry: 1Q results of Nippon Chemi-Con and Nichicon

Hong Kong Insurance: HK offshore insurance tax: negative for sentiment, but not a thesis breaker