SK Hynix (SKHY.O): As AI handles longer, more complex tasks and drives a surge in compute and data‑processing demand, memory demand will exceed prior expectations.

Shanghai Municipal Commission of Economy and Informatization issued an action plan to accelerate next‑generation intelligent manufacturing. Targets by 2028 include full coverage of intelligent factories among the city's key manufacturers and universal AI application in smart factories; 500 advanced smart factories; over 2,000 AI application scenarios in manufacturing; development of 10 advanced vertical‑domain large models and rollout of more than 300 high‑level intelligent agents; new infrastructure to support next‑generation intelligent manufacturing; industrial robot density of 600 units per 10,000 people and deployment of 8,000 humanoid robots into factories; AI‑enabled intelligent manufacturing equipment industry scale to exceed 200 billion yuan and intelligent manufacturing systems‑integration industry to reach 100 billion yuan. The plan also targets completion of the '54321' objectives.

Markets expect the RBNZ to hike 25bps today, with most major banks flagging further tightening risk as inflation and external pressures rise. Standard Chartered cites inflation at 3.7% (above the 1–3% target) and sees significant upside risk to rates. Capital Economics also expects a 25bp move and has pulled forward its final 25bp hike from Mar 2027 to Dec 2026. TD Securities points to sharply worse imported inflation and NZD weakness, keeps Dec and Feb 25bp hike calls and raises its terminal OCR to 3.50% (from 3.25%). ANZ, ASB and Westpac each forecast 25bp today plus additional 25bp moves in Dec and Feb, taking OCR to about 3.50% by early 2027. BNZ expects 25bps now and a higher peak OCR of 3.75%. ING expects a 25bp move and a hawkish statement, but sees the next hike more likely in Feb 2027 than Dec. The RBNZ shadow committee majority recommends 25bps on rising fuel costs and NZD weakness, though some members prefer to wait for earlier hikes to feed through. A Reuters survey found 22 of 27 economists expect a 25bp October hike; among 23 respondents, 13 expect the OCR to remain at 3.00% at year-end while nine expect it to rise to 3.25% in Dec.