DB Financial Investment analyst Seungyeon Seo said SK Hynix’s Q3 operating profit may fall short of market expectations due to adverse FX, forecasting Jul–Sep operating profit of KRW 76.535 trillion versus consensus KRW 79.948 trillion as a stronger won could weigh on dollar‑denominated revenue. Seo expects robust HBM4 shipments to AI data servers to support solid profit growth in 2026–27, and forecasts HBM4 prices to rise about 70% YoY in 2027 amid tight global AI‑chip supply.

Kaiyuan Securities: Short-term crowding has partially unwound and STAR 50 implied volatility has fallen, creating intra-tech segmentation opportunities. Strategy: maintain balanced tech exposure and use rebalancing. Rebalancing focus: small/micro caps (CSI 2000, Wind micro-cap stocks); sectors with upside net-profit surprises — electronics, defense & military, computers, oil & petrochemicals, nonferrous metals, non-bank financials; rotation targets — nonferrous, basic chemicals, new energy, agriculture, pharmaceuticals and selected midstream manufacturing such as shipbuilding; and high-dividend defensives (banks, utilities, power) for favorable risk/reward in volatile markets. Medium term: technology remains the main theme, broad beta gains will be harder and returns will increasingly come from within-tech stock selection. Positioning should target names combining a second-leg re-ignition and narrative traction: AI materials, domestic compute-power chain and upstream overseas compute-chain suppliers (PCB, optical-module upstream), programming/enterprise AI agents and applications, plus tech spillover beneficiaries including power equipment, power utilities, energy metals and liquid-cooling solutions.

德國7月季調後工業產出月率、英國8月Halifax季調後房價指數月率將於十分鐘後公佈。