Broker Research: Sector, Macro and Strategy Notes

BofA Securities·2026-08-19Sector

GOOGLUS semiconductors·Overweight

HSBC·2026-08-19Macro

China·Neutral

BofA Securities·2026-08-19Sector

AAL.LANTO.LBHP.AXFCXFMG.AXGLEN.LRIO.LS32.AXSCCOCopper·OverweightDiversified miners·Neutral

Morgan Stanley·2026-08-19Thematic

AI sovereignty·Overweight

J.P. Morgan·2026-08-19Macro

China·Underweight

HSBC·2026-08-19Sector

China autos·Neutral

J.P. Morgan·2026-08-19Sector

China property developers·NeutralChina property management·Overweight

Nomura·2026-08-19Macro

US rates·Neutral

Goldman Sachs·2026-08-19Macro

AI·Neutral

Goldman Sachs·2026-08-19Sector

SMIC HHGRACE688012.SH688256.SHGreater China semis·Overweight

Bernstein·2026-08-19Sector

Japan autos·Neutral

Goldman Sachs·2026-08-19Sector

600519.SHChina spirits·Neutral

J.P. Morgan·2026-08-19Thematic

UNITREEHumanoid robots·Overweight

Nomura·2026-08-19Strategy

Asia rates·Underweight

J.P. Morgan·2026-08-19Sector

IFX.DENXPI.USONSTM.PAAnalog semis·Overweight

Bernstein·2026-08-19Sector

Semiconductor equipment·Overweight

Bernstein·2026-08-19Strategy

ETERNAL.NSHOMEFIRST.NSNTPC.NSTITAN.NSIndia·Neutral

Nomura·2026-08-19Thematic

China commercial space·Neutral

Bernstein·2026-08-19Sector

EV batteries·Overweight

Deutsche Bank·2026-08-19Macro

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

US Semiconductors New TPU deal provides upside for MRVL, neutral to AVGO

China Macro Tracker: Domestic weakness calls for more support

Big Global Miners Learnings from earnings: Copper _new” centre of gravity. Costs _less bad”.

AI Sovereignty: Policy, Market, and Economic Implications

China alt-data trackers chartpack (Series 61) Typhoon disruption, little fiscal catch-up, HPF revision

China EV Tracker: Recovery still awaits the peak season

China Property: HPF easing: not a boost to home sales, but perhaps a marginal lift for property managers rentals consumption

Economic Insights: US – Election timing favors Fed patience

Global Economics Comment: Is AI Impacting Global Labor Markets?

Greater China Semis: Jul: IC import export value +71.1% +116.6% YoY

Japan Autos & Auto Parts Electric Revolution: Resilience – Japan's EV takeoff in 2026 and the promise and pitfalls of China-exclusive models

China Spirits Tracker: Feitian Non-standard wholesale prices supported by paced supply with lean channel inventory; Upper mid end spirits 2Q

Humanoid Robot: Physical AI’s public debut: Sector rotation, policy support, and the new valuation anchors

Asia Insights: Asia rates: Pare back pay exposure

Electronic Components Sector: 2Q 2026 analog and discrete semiconductor

Global Semiconductors Global Semi: South Korea Equipment Import Tracker (Jul 26): Import +50% YoY

India Strategy India Portfolio: 13 Ideas. When bottom-up matters most

China Aerospace: Zhuque-3 completes China’s 1st land recovery

Global Energy Storage Electric Revolution: Which battery makers are winning the battle for market share

Japan Economic Perspectives: The AI boom: Why Japan's factories are quiet