Epstein Secrets

e under pressure (CR Power -9.6%, CR Ent -4.2, CR Cement -4.1%) following reports that China anti-corruption agency is investigating their chairman. Shanghai saw a late day rally after struggling most of the day on IPO resumption concerns. The Kospi managed to close above 2000 as foreign and pension mone

TVVOU (buy) & upgrades SMLP/NCLH (buy), Imperial initiates VRNS (op) ••• Jefferies initiates AKRX/ANAC/PRGO/XNPT (buy), JMP initiates HIVE (mp) ••• Jefferies assumes NKTR/PCRX/SHPG/SLXP/TEVANRX (buy) & AGN/SGNT/SUPN (hold) ••• KBW upgrades LION, Raja initiates ERIC (mp), Roth initiates GSVC (buy) ••• Sti

rades NFLX (buy), Citi upgrades SRPT, CS upgrades FB ••• GS initiates HIVEJTVVOU (buy) & upgrades SMLP/NCLH (buy), Imperial initiates VRNS (op) ••• Jefferies initiates AKRX/ANAC/PRGO/XNPT (buy), JMP initiates HIVE (mp) ••• Jefferies assumes NKTR/PCRX/SHPG/SLXP/TEVANRX (buy) & AGN/SGNT/SUPN (hold) ••• KBW

ilver -0.47% Nat Gas +0.52% Asia was mixed overnight with China A-Shares the clear outperformer. Brokers led gains on local press reports that the Shanghai-Hong Kong connect pilot program may include over 50 brokers while other reports highlighted retail investors opened 2171 accounts during the week. R

w), Berenberg downgrades TATE LN, BofA remains cautious Greek Banks ••• UBS upgrades TATE LN & downgrades ERICB SS, JPM downgrades TATE LN & THR BB, Jefferies downgrades UNA NA EFTA00361842 ••• UBS adds FRES LN to most preferred list & removes POLY LN from least preferred list, DB downgrades OGKE RX ••

Hong Kong outperformed as it grinded higher to close near the highs led by the heavily shorted names and the HSI firmly reclaimed the 20,000 level. Shanghai struggled a bit but did manage to eke out a small gain, but the divergence in the NH spreads on dual listed names was notable as several were larger

IPO's (lock-up expires): Tumi Holdings (TUMI) US Key Research: ••• Barcap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades RBCN ••• Piper upgrades ARMH, Roth adds DGIT to focus list, Stifel upgrades MLNX (buy) ••• SunT

September). Japan outperformed with the Nikkei closing above 14,000 as the JPY weakened late in the day and earnings helped give sentiment a boost. Shanghai also finished strong after the China manufacturing PMI beat, coming in at 50.3 vs. consensus at 49.8 (while the HSBC Markit number came in at 47.7,

IPO priced at $18 (above), Ardmore Shipping (ASC) 10.0M share IPO prices at $14.00 (below) EFTA00386462 US Key Research: • ISI downgrades MDAS, Jefferies downgrades EDG & increases AAPL pt, Roth cuts BJRI ••• Opco upgrades GPN & initiates MJN (perform), Citi cuts JCP (sell) & upgrades LPLA (buy) • DB