海外研报

key debates likely to be on trajectory of auto business and FSD/robotaxis

Tesla reported revenue/non-GAAP diluted EPS (excluding SBC) of$25.5 bn/$0.52, which was 4% above/$0.09 below the Street

CARRY TRADE HARD LANDING?

Japan’s balance sheet is hugely distorted by the years of excess accommodation. It was always a toss-up as to which fragility was going to break first – maturity or currency mismatch. In the end,

“If it’s time to get active, what should I buy?”

Stock screens for a cruel summerWith a surge in volatility, elevated near-term risks and a top-heavy index dragged down

Gaze Into the Data Long Enough...

Friday saw equities continue their recovery from steep selloffs early last week and the preceding Friday. The S&P500 and the NASDAQ both rose by around half a percentage point and the

BoK preview – Policymakers are likely to maintain a cautious stance

The BoK is expected to maintain its cautious stance due to mounting concerns about thehousing market. Sluggish activity data, including the contraction in 2Q GDP and sustained

Navigating a Noisy Election

Prepare for more noise than signal. Uncertainty is high for election results & the macro impacts of key policy choices. We see value in key equity sectors, a skew toward USD &