Downgrade the 2017s to Sell Mini Kospi 200 derivatives review：Steady start, but entry barriers need improving Songcheng Performance Alert：Songcheng to set up TMT investment fund for future acquisition Dynasty Ceramic：Good 2Q, bucking domestic trends China Property：Shanghai & Jiangsu Tour Takeaways;impact of volatile stock markets China: the myth of capital outflows Markets Overview FX Insights Commodities Comment：Trouble down pit: Copper mines begin to struggle Oil price and USD/EUR exchange rate：The short-term and the long -term relationships