Broker Research: Sector, Macro and Strategy Notes

Nomura·2026-09-11Macro

Nomura·2026-09-11Thematic

0268.HK3896.HK688111.SHBABAGDS.USVNET.US

Nomura·2026-09-11Rates

USD/CNY fix: Nomura model projection2026-09-11

Nomura·2026-09-11Macro

Fed funds rate: hikeSep 2026 FOMC

Nomura·2026-09-11Macro

Fed funds rate: hikeSep 2026 FOMC

Nomura·2026-09-11Sector

2351.TW2481.TW300661.SZ5347.TWO6415.TWGreater China power semiconductors·Overweight

Nomura·2026-09-10Macro

USD/CNY fix (model projection): 6.7087 (vs 6.7769 previous)2026-09-10

Nomura·2026-09-10Sector

China PV EV penetration: slightly improvedAug 2026

Nomura·2026-09-09Strategy

USD/CNY fixing: Nomura model projection9 Sep 2026

Nomura·2026-09-09Macro

China CPI: 0.8% y-o-y (from 0.5%)Aug-26China PPI: 3.8% y-o-y (from 3.5%)Aug-26China CPI: 0.8% y-o-ySep-26China PPI: 3.9% y-o-ySep-26

Nomura·2026-09-09Sector

1093.HKSBP1276.HK1801.HK3692.HK600276.SH688331.SHAKESO9995.HKAZN.LLLYNOVN.SWNOVO-B.COPFEROG.SWChina hospital pharmaceutical sales (sampled): CNY251bn, -3.9% y-y2Q26

Nomura·2026-09-09Sector

6181.HKCFR.SWMC.PA

Nomura·2026-09-08Sector

1801.HK2268.HK2269.HK2359.HKChina healthcare·OverweightWuXi AppTec·OverweightInnovent·Overweight

Nomura·2026-09-08Strategy

USD/CNY fixing: Nomura model projection8 Sep 2026

Nomura·2026-09-08Macro

China imports: actualAug 2026

Nomura·2026-09-07Sector

002281.SZ5803.TYOFCOptical communications·Overweight

Nomura·2026-09-07Strategy

China A shares·NeutralChina tech·Overweight

Nomura·2026-09-07Strategy

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

Asia Economic Monthly: China shock or China +1: Asia’s changing trade imbalance

ANCHOR REPORT: China AI value chain – sustainable AI investment drives better ROI

USD CNY fix model: Projection: 6.7193

Policy Watch: September FOMC Preview – We now expect the Fed to hike

US Economic Weekly: Take a hike

China consumer: Weakened sales performance of mass-market mall in Jul-Aug

Greater China power semi: Quarterly outlook updates

EU-China trade tensions: The slow burn continues

USD CNY fix model: Projection: 6.7087

China Auto EV: Aug-26: Domestic market demand remained largely unchanged

USD CNY fix model Projection: 6.697

Asia Insights China: Oil and gold pushed inflation higher in August

China healthcare: 2Q26 pharmaceutical sales tracker

China consumer: Softened performance for the Nanjing-based mall

China healthcare: 1H26 results review and 2026 CIF meeting takeaway

USD CNY fix model: Projection: 6.7033

Asia Insights: China: Trade growth picked up in August

Global AI Trend Tracker: CIOE 2026 Preview

China A-share strategy: A-share fundamentals improve further in 2Q26

FX Insights: Strong foreign inflows into US equities resumed over the past week, but bond outflows picked up