November 2016: Cyclical strength drives outperformance Emerging Markets Strategy Dashboards Today’s View：HSI is expected to range trade at 22,800 pts Buoyant copper prices on restocking Switch to rolling stock plays to benefit from anticipated order book growth reacceleration in 2017; H shares Good Morning HK: News Circular China: stable year end suggested by mixed PMIs Emerging Markets 2017 Outlook: Raising the Bar China's new curbs on capital outflows add risks; prefer Sands to Wynn Asia Economic Diary: Dec 05-09