杰富瑞：将IBM(IBM.N)目标价从320美元下调至260美元。

Seoul Economic Daily reports South Korean analysts say pressure from companies and retail investors, not workload, is the main reason for fewer negative research notes. Analysts issuing adverse views are often excluded from investor relations events or restricted from site visits; retail investors sometimes mount collective protests, including dozens of calls a day that can disrupt work. A former analyst said: In the past people focused on whether reports were right; now attacks target the analyst personally rather than the content. He added: Especially in volatile markets, retail backlash is stronger, making it harder for analysts to remain dispassionate.

China Southern's 2x long product tracking Samsung Electronics (07747.HK) jumped more than 14%; its 2x long product on SK Hynix (07709.HK) rose over 9%.