Copper – preferred picks: We see a buying opportunity for Chinese copper equities following the recent correction, particularly given the strength in the underlying commodity. Fundamentals remain supportive; global mine supply continues to disappoint. Physical availability also remains tight in China, with SHFE inventories falling to c.55kt in mid-September, the lowest since January 2024. While demand remains well supported by grid investment, electrification and the global AI/data- centre buildout. We pref ...

October 6, 2026 09:00 PM GMT Greater China Materials | Asia Pacific 4Q26 Outlook: Equity Implications: Building Materials The building materials space remains under pressure from the continued decline in property demand. Potential property stimulus may improve late-cycle building materials demand. Completed-sales model to weigh on developers' sales and returns: While the near-term impact on saleable resources is limited, greater uncertainty could make developers more cautious on launches and land acquisitio ...