Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-09-11Rates

USD/CNY: JPM forecastyear-end 2026

J.P. Morgan·2026-09-11Sector

4062.T6594.T6762.T6963.T6976.T6981.T

J.P. Morgan·2026-09-11Sector

ADVANTEST TOKYOELASML.ASKLAC LRCXKLA·Top pickASML·Top pickTokyo Electron·Top pickAdvantest·Top pickWFE market growth: JPM forecastCY2026WFE market growth: JPM forecastCY2027

J.P. Morgan·2026-09-11Sector

2317.TW2324.TW2357.TW2382.TW3231.TW6669.TW

J.P. Morgan·2026-09-11Macro

J.P. Morgan·2026-09-11Strategy

Brazil·NeutralPeru·Overweight

J.P. Morgan·2026-09-11Sector

2318.HK032830.KS2628.HKPing An Insurance·Top pick

J.P. Morgan·2026-09-11Sector

CIEN NTAPCALX.USHPQ.USSANM.USSMTC.US

J.P. Morgan·2026-09-10Sector

002594.SZGEELY3808.HKXPEV.USChina autos·Underweight

J.P. Morgan·2026-09-10Sector

BABA JD PDDAlibaba·OverweightJD.com·OverweightPDD Holdings·Neutral

J.P. Morgan·2026-09-10Sector

GLEN.L

J.P. Morgan·2026-09-10Sector

7201.T7203.T7267.TChina passenger car retail sales: fellAug 2026

J.P. Morgan·2026-09-10Thematic

TSLA

J.P. Morgan·2026-09-10Sector

1801.HK2359.HK6990.HKChina healthcare innovation·OverweightInnovent Biologics·Top pick

J.P. Morgan·2026-09-10Macro

J.P. Morgan·2026-09-09Rates

NZD 10Y·UnderweightGBP and NOK 10Y·Overweight

J.P. Morgan·2026-09-09Strategy

S&P500 equity risk premium: ~2.1%, lowest since 2002Sep-26

J.P. Morgan·2026-09-09Strategy

EM FX·OverweightEM corporates·NeutralAsia IG credit·Underweight

J.P. Morgan·2026-09-09Sector

2330.TW2454.TW3374.TW3661.TW3711.TW6239.TWAMKR AVGO NVDAAsia semiconductor equipment·Overweight

J.P. Morgan·2026-09-09Strategy

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

China Local Markets Weekly: Re-engage with CNH longs; lean into curve flattening

Technology – Electronic Components

Semiconductor SPE sector Raising WFE market forecasts to a 28% CAGR in 2025–28

Taiwan ODMs AI and general servers beat, PCs miss

The _new_ silk road goes through the EM Edge

Emerging Markets Equity Strategy: 2Q26 Earnings Dissector: Tech Still Leads on Earnings; Strength Broadens to Cyclicals

Asia Insurance Strategy: IFRS-18 puts Asian life insurers’ operating profit in focus

Hardware & Networking: 2026 Rising Tech Leaders Forum Takeaways

China Auto Industry: Read-through from Tesla and Xiaomi’s recent price moves

China Ecommerce: Regulation ends manufactured growth

Copper Flash Note: EMEA Mining US Copper tariff risks flare; assessing valuation metrics at $11,000-14,000 t copper

Autos Sector China auto sales (August): Watch seasonal trends for ICE vehicles; also watch for policy changes on consumption tax refunds for auto exports

Tesla Inc: Cybercab Is Ready, Part #2: A Framework to Track Regulatory Progress and What Governs the Pace of Ramp

China Healthcare: Post-earnings marketing takeaways: Higher conviction in China healthcare's innovation cycle

USD JPY has broken below our assumed 155-165 range Still too early to conclude a lower range

Say Anything: Translating between market rates and Central Bank speak

Flows & Liquidity Equity Risk Premia shrink further to levels last seen in 2002

Emerging Markets Outlook and Strategy: Yields up,shields up

Asia Semis: Key takeaways from Semicon Taiwan

Winner-Takes-All Playbook Collides with Multipolarity