海外研报

GS--NIFTY hit ATH this week, up 2%; Valuations hit peak levels

Performance: NIFTY hit all time high this week, up 2%w/w (MXAPJ: +1% w/w). Across sectors, FMCG led

GS--MXAPJ gained 3% further, driven by a 5% rebound in HK

MXAPJ gained 3%, led by Hong Kong, China offshore (+5%each), and Philippines (+4%), with most other Asian markets

GS--China_ Industrial profits fell sequentially in August(1)

China’s industrial profits and revenue fell by 16.7% yoy and 1.4% yoy, respectively, in

SocGen - On Our Minds - ECB preview - a cut to confirm that data trump guidance

Next week, we expect the ECB to continue lowering the deposit rate, reducing it by 25bp