The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0801 GMT - China's property sector is likely in a "gradual fundamental recovery even without substantial incremental stimulus," according to HSBC analysts in a research note. Beijing rolled out relaxations on home-purchase restrictions earlier this month, they point out. This is in line with HSBC's expectations that local governments are likely to deploy "modest easing measures to sustain sales momentum," they say. "Policy, in our view, is increasingly serving as a safeguarding rather than a stimulus role, stabilizing price expectations and anchoring homebuyer sentiment," they say. HSBC prefers China Resources Land and C&D International Investment for their leading position in high-end projects and stronger earnings visibility. (tracy.qu@wsj.com)

0753 GMT - Elite UK REIT's higher occupancy and longer leases are likely to boost the real-estate investment trust's income visibility, says Maybank Securities' Liu Miaomiao in a note. The U.K.-focused REIT's 1H DPU rose 3.3% on year thanks to interest-cost savings and lower vacancy-related expenses, the analyst says. Portfolio occupancy for 1H improved to 99.9% after recent portfolio constitution initiatives, she adds. She maintains her forecasts given Elite UK REIT's in-line 1H results and progressing redevelopment works. Maybank Securities retains its buy rating and target price of 0.44 pound. Units are flat at 0.315 pound. (megan.cheah@wsj.com)

0730 GMT - European energy stocks rise in opening trade as oil continues to gain. Brent extends a four-day rally as tougher U.S. and Iranian demands slow progress toward an agreement that could resume normal shipping through the Strait of Hormuz, MUFG's Soojin Kim writes. In New York, Brent futures rise 1.5% to $89 a barrel and WTI gains 0.8% to $79.13. Norway's Equinor rises 2.4%. In London, BP gains 1.43% while Shell rises 1%. Italy's Eni is up 1.7% and Spain's Repsol ticks 1.5% higher. France's TotalEnergies is up 1.3%. (adam.whittaker@wsj.com)

0729 GMT - WuXi AppTec investors will react favorably to the news that the company's motion for a preliminary injunction against the enforcement of the U.S.' 1260H designation has been granted, Nomura China healthcare analyst Jialin Zhang says. The U.S. District Court ruling temporarily blocks the Department of Defense from designating WuXi AppTec as a "Chinese military company" while litigation continues. Zhang maintains that newsflow around the 1260H issue is likely having a greater impact on sentiment than fundamentals, given the drugmaker's strong quarterly results and fiscal-year outlook. Nomura maintains buy ratings and target prices of 209.99 Hong Kong dollars and 191.09 yuan for WuXi's H and A shares, respectively. Its A shares closed at 160.21 yuan and H Shares last traded at HK$199.50. (jason.chau@wsj.com)

0728 GMT - European indexes are up in early trading, boosted by energy stocks due to a rise in oil prices on uncertainty over the reopening of the Strait of Hormuz and any Middle East peace deal. The Europe-wide Stoxx 600 is up 0.1%, Germany's DAX rises 0.01% and France's CAC 40 rises 0.04% after all closed at new records Monday. London's FTSE 100 index is up 0.03%, boosted by oil majors BP and Shell, which are up 1.5% and 1.1% respectively. (ian.walker@wsj.com)

0700 GMT - South Korea's benchmark Kospi is expected to rebound in the near term, led by chip makers Samsung Electronics and SK Hynix, Macquarie analysts say in a note. The extreme volatility in July was largely driven by the two stocks, which accounted for 71% of the market's total capitalization loss, they say. However, market swings are easing as foreign and institutional fund outflows stabilize, concentrated funds reposition and margin financing remains at reasonable levels, limiting the risk of sudden fluctuations. Macquarie expects earnings revisions to drive the Kospi higher, with Samsung and SK Hynix overcoming concerns about peak demand and competition from a Chinese peer. The two companies' rapid earnings growth should translate into significant gains for shareholders, they add. Macquarie maintains its 8000 target for the Kospi. (jason.chau@wsj.com)

0636 GMT - Yangzijiang Shipbuilding's upward cycle for shipbuilding may be longer than previously expected by Maybank Research, analyst Hussaini Saifee says in a note. Strengthening newbuild demand in shipbuilding and a firmer pricing outlook increasingly suggest this, the analyst says. Large containership inquiries have re-accelerated together with continuing tanker and gas-carrier demand, while 2029 slots are nearly full, the analyst says. Maybank Research lifts its 2026-2028 forecasts for the Singapore-listed shipbuilder's net profit after tax by 12%-19%. It raises the stock's rating to buy from hold and the target price to 5.00 Singapore dollars from 4.15 Singapore dollars. Shares are 10% higher at 4.62 Singapore dollars. (ronnie.harui@wsj.com)

0628 GMT - ESR-REIT's near-term outlook appears uncertain aftertenants of three of its Australian properties defaulted on their rents, says DBS Group Research's Dale Lai in a note. These properties account for around 5.2% of ESR-REIT's effective gross rents as of end June, which is meaningful tenant exposure for the real-estate investment trust, the analyst says. While the immediate rental exposure could be partially mitigated by bank guarantees, Lai views this as a negative development for ESR-REIT, citing potential loss of future rental income and the duration of any vacancy across the affected properties. DBS cuts the REIT's rating to hold from buy and trims its target price to 2.80 Singapore dollars from S$3.10. Units are up 1.2% at S$2.48. (megan.cheah@wsj.com)

0603 GMT - Zhuhai Bojay Electronics looks well-placed in the global artificial-intelligence capital expenditure upcycle in electronics, Daiwa Capital Markets analysts say in a research report. The analysts cite the electronic testing equipment provider's two-decade track record in areas including electric vehicle inspection and automation as well as long-standing ties with global electronics firms. The upcycle in AI devices, humanoid robots, and robotaxis underpins the company's earnings growth. Daiwa expects demand for the Chinese company's highly customized, high-precision AI-related products to drive substantial gross-profit margin expansion over 2026-2028. The brokerage initiates coverage of the stock with a buy rating and a target price of 130.00 yuan. Shares are 2.0% lower at 98.95 yuan. (ronnie.harui@wsj.com)

0535 GMT - The RBA tones down its hawkish bias by "just a touch," Capital Economics' Abhijit Surya says in commentary. The central bank's "accompanying messaging wasn't quite as hawkish this time around," says the senior APAC economist. The RBA reiterated that it'll do what it considers necessary to return inflation to target, including raising the cash rate target further, however, the central bank conditioned that response in the event that "upside risks materialize," Surya notes. "While the Board continued to talk tough on inflation, we don't believe that it will go as far as to hike rates again this cycle," the economist adds.