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ti-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 money helped lend support and Taiwan closed higher, driven by Largan (+6.5%) and Asustek(+4.5%).
NT/SUPN (hold) ••• KBW upgrades LION, Raja initiates ERIC (mp), Roth initiates GSVC (buy) ••• Stifel initiates EVDY (buy), Citi upgrades AZN (buy), Piper assumes RKUS (ow) EFTA00370850 • Stifel cuts CWH (sell), Raja upgrades MAIN/RUTH and GRGI (strong buy) and cuts DFRG • Roth initiates GSVC (buy),
led to hold the 99 level in the AM session but regained it for the PM, further boosting exporters. Retail was also supportive with Mothers +11%. The Kospi, on the other hand, underperformed as it was weighed from rotation out of South Korea (especially autos) and into Japan. Outside of Japan, the RBA u
initiates CHS/KORS/ANF/GPS/URBN (op) & ANN/JWN/KSS/LULU/M/RUE/TJX/TIF/AEO (mp) & JCP (up) ;••• William Blair initiates CMRX (op), Opco upgrades APO, Piper initiates OMTH (ow), JPM downgrades RBS ;••• JMP downgrades IRF, Wells initiates WAC (mp) Europe Key Research: ••• JP upgrade VK FP, initiate ESUR
hed markets lower triggered by a sharp 10% fall in the Mothers index. Exporters continued to outperform domestic names on back of the JPY move. The Kospi managed only a modest gain as volumes remained low and local institutions remained sidelined ahead of tomorrow's options expiry and BOK rate decisio
, ISIS, DE NA EFTA00390703 IPO's: Armada Hoffler Properties (AHH) 16.5M-shares priced at $11.50 US Key Research: ••• Mizuho upgrades MYGN (buy), Piper initiates CRI/PLCE (CRI), Citi upgrades AME (buy) & cuts IEX • Barcap upgrades BAX, Opco cuts CA/TWTC, Baird downgrades CMA, CLSA downgrades MDLZ •
Entities connected to both Kospi and Piper

Lesley Groff
PERSONIke Groff
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Barack Obama
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Bloomberg L.P.
ORGANIZATION
Barron
PERSONBaird
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Ghislaine Maxwell
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Michigan
LOCATIONBarcap
ORGANIZATIONJefferies
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Angela Merkel
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George W. Bush
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David Cameron
PERSONStifel
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Draghi
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Bernanke
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Stanford University
LOCATIONCanaccord
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Wells
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Donald Trump
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