Global Equity Research This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. GEMS First To Market 17 August 2026 {[{v4i8Up0IllgUMwUqEA8hjRAJCidlo96WCvfjph3IiecOl4yBPs6Fuw1b_COH-FcHZIVCS7PqLn3LaDOHUdPYcmUhNpGEGIn-V4zAlDiw}]} Global Equity Research AC India Equity S ...

Specialist Sales APAC Specialist Sales 17 August 2026 J P M O R G A N CH Physical AI, Asia Defense, JPM US Auto Conference: Key Takeaways Joann Kim +852 2800 8016 joann.kim@jpmorgan.com The S&P closed -0.2% on a very quiet Friday, with market volume -15% vs a light 5dma. The global rates selloff and dollar weakness were the main talking points. Interestingly, it coincided with a materially weaker Retail Sales print which (marginally) reduced the probability of a Sept hike. Momentum however snapped back afte ...