Broker Research: Sector, Macro and Strategy Notes

Nomura·2026-11-04Strategy

Quality central SOE dividends·OverweightTechnology hardware·Overweight

Nomura·2026-11-03Strategy

HKIRS H27-1y: Receiver targetend-Nov2026

Nomura·2026-11-03Strategy

USD/CNH: Short-trade targetend2026

Nomura·2026-10-29Strategy

China high-dividend equities·Overweight

Nomura·2026-10-27Strategy

USD·Underweight

Nomura·2026-10-19Strategy

ALKEM.NSDRRD.NSSUNPHARMA.NSIndia financials·OverweightIndia IT services·OverweightIndia consumption·UnderweightIndia commodities·NeutralNifty index target: 24,000 by March 20272027-03

Nomura·2026-10-15Strategy

Sep-1y HK IRS target: 3.80%2027-09

Nomura·2026-10-13Strategy

Nomura·2026-09-24Strategy

Nomura·2026-09-17Strategy

Nomura·2026-09-09Strategy

USD/CNY fixing: Nomura model projection9 Sep 2026

Nomura·2026-09-08Strategy

USD/CNY fixing: Nomura model projection8 Sep 2026

Nomura·2026-09-07Strategy

China A shares·NeutralChina tech·Overweight

Nomura·2026-09-07Strategy

USD/CNY fixing: Nomura model projection7 Sep 2026

Nomura·2026-08-31Strategy

Korea rates (receive)·OverweightSGD long-end rates·Underweight

Nomura·2026-08-27Strategy

G10 FX·Neutral

Nomura·2026-08-25Strategy

China A-shares·Neutral

Nomura·2026-08-21Strategy

USD: down2026USD/CNH: downend-OctEUR/USD: upend-Dec

Nomura·2026-08-20Strategy

USD·UnderweightCNH·OverweightTWD·Overweight

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

China A-share strategy: Caution on one-day rallies until volatility eases

Hong Kong rates: Maintain high conviction view in receiver position

Strategy update: PBoC strikes – reduce conviction level on short USD CNH to 4 5

China A-share strategy ETF inflows: Scope for structural liquidity relief

FX Insights USD: Watchful of tech and the midterms

Equity Strategy: Asia marketing feedback

Strategy Trade: -HOT Hong Kong rates: Raise receive to maximum conviction level

China A-share strategy: CSRC meeting signals focus on market stability

Asia Insights: Asia rates: Some pressure on our flattening view

FX Insights: Post-FOMC strategy thoughts

USD CNY fix model Projection: 6.697

USD CNY fix model: Projection: 6.7033

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

USD CNY fix model

Asia Insights: Asia rates: Outperformance against US rates likely selective

FX Insights: A new view of G10 FX positioning

China A-share strategy: ETF inflows return in force since July

Key focus and themes: Weaker USD theme builds – high convictions in USD CNH, EUR INR and EUR JPY

FX Insights: The weaker USD theme continues to build