@font-face{font-family:InterAsscher;font-style:normal;font-weight:100 900;font-display:swap;src:url(/_next/static/media/e4af272ccee01ff0-s.p.woff2) format("woff2");unicode-range:u+00??,u+0131,u+0152-0153,u+02bb-02bc,u+02c6,u+02da,u+02dc,u+2000-206f,u+20ac,u+2122,u+2212,u+feff,u+fffd}
:root{--ink:#302c2c;--accent:#3753fc;--muted:#6b6767;--line:#e6e6e9;--soft:#f4f6ff;--bg:#fff}
*{box-sizing:border-box}
html{-webkit-text-size-adjust:100%}
body{margin:0;background:var(--bg);color:var(--ink);font-family:InterAsscher,Inter,-apple-system,BlinkMacSystemFont,"Segoe UI",Arial,sans-serif;font-size:18px;line-height:1.7;-webkit-font-smoothing:antialiased}
a{color:var(--accent);text-decoration:none}
a:hover{text-decoration:underline}
img{max-width:100%;height:auto}


/* ---- article ---- */
.as-main{max-width:720px;margin:0 auto;padding:56px 24px 80px}
.as-main-wide{max-width:1200px}
.as-crumbs{font-size:14px;color:var(--muted);margin-bottom:24px}
.as-crumbs a{color:var(--muted)}
.post-title h1{font-size:42px;line-height:1.18;letter-spacing:-1px;margin:0 0 12px;font-weight:600}
.post-title .label{display:block;font-size:14px;color:var(--muted);margin-bottom:14px;text-transform:uppercase;letter-spacing:.06em}
.post-meta{list-style:none;padding:0;margin:0 0 8px;font-size:15px;color:var(--muted)}
.as-main hr{border:0;border-top:1px solid var(--line);margin:28px 0 32px}
.as-main h2{font-size:29px;line-height:1.3;letter-spacing:-.5px;margin:44px 0 14px;font-weight:600}
.as-main h3{font-size:22px;line-height:1.35;margin:32px 0 10px;font-weight:600}
.as-main p{margin:0 0 20px}
.as-main ul,.as-main ol{margin:0 0 20px;padding-left:24px}
.as-main li{margin-bottom:9px}
.as-main blockquote{margin:28px 0;padding:4px 0 4px 22px;border-left:3px solid var(--accent);color:var(--muted);font-style:italic}
.as-main table{width:100%;border-collapse:collapse;margin:0 0 24px;font-size:16px;display:block;overflow-x:auto}
.as-main th,.as-main td{border:1px solid var(--line);padding:10px 13px;text-align:left;vertical-align:top}
.as-main th{background:#fafafc;font-weight:600}
.as-main img{border-radius:10px;margin:8px 0 26px}
.as-main code{background:#f4f4f6;padding:2px 6px;border-radius:4px;font-family:"JetBrains Mono",ui-monospace,monospace;font-size:.88em}

/* ---- FAQ ---- */
.as-faq{margin:52px 0 0;padding-top:8px;border-top:1px solid var(--line)}
.as-faq h2{margin-top:32px}
.as-faq-item{border:1px solid var(--line);border-radius:10px;padding:0;margin-bottom:12px;background:#fff}
.as-faq-item summary{cursor:pointer;padding:16px 20px;font-size:18px;font-weight:500;list-style:none;display:flex;justify-content:space-between;align-items:center;gap:16px}
.as-faq-item summary::-webkit-details-marker{display:none}
.as-faq-item summary::after{content:"+";color:var(--accent);font-size:24px;line-height:1;flex:none}
.as-faq-item[open] summary::after{content:"\2212"}
.as-faq-answer{padding:0 20px 4px}
.as-faq-answer p{margin:0 0 16px;color:var(--muted);font-size:17px}

/* ---- blog index ---- */
.as-lede{font-size:20px;color:var(--muted);margin:0 0 4px}
.as-cards{display:grid;gap:34px}
.as-card{display:grid;grid-template-columns:200px 1fr;gap:22px;align-items:start}
.as-card-noimg{grid-template-columns:1fr}
.as-card-img img{border-radius:10px;margin:0;display:block;aspect-ratio:1200/630;object-fit:cover}
.as-card h2{font-size:23px;line-height:1.32;margin:6px 0 8px}
.as-card h2 a{color:var(--ink)}
.as-card h2 a:hover{color:var(--accent);text-decoration:none}
.as-card p{font-size:16px;color:var(--muted);margin:0 0 10px}
.as-card-date{font-size:13px;color:var(--muted);text-transform:uppercase;letter-spacing:.06em}
.as-card-more{font-size:15px;font-weight:500}
@media (max-width:640px){.as-card{grid-template-columns:1fr;gap:12px}}

.as-topics{display:flex;flex-wrap:wrap;gap:8px;margin:18px 0 0}
.as-topics a{font-size:14px;font-weight:500;color:var(--ink);background:#f4f6ff;border:1px solid #dfe4ff;padding:6px 12px;border-radius:999px}
.as-topics a:hover{background:var(--accent);border-color:var(--accent);color:#fff;text-decoration:none}
.as-hub{list-style:none;padding:0;margin:0}
.as-hub li{padding:16px 0;border-bottom:1px solid var(--line)}
.as-hub li a{font-size:19px;font-weight:500;display:block}
.as-hub li span{display:block;color:var(--muted);font-size:16px;margin-top:5px}

.as-cta{display:grid;grid-template-columns:minmax(0,7fr) minmax(0,4fr);gap:32px;align-items:center;
  background:#101426;color:#fff;border-radius:20px;padding:34px 36px;margin:48px 0 0}
.as-cta h2{font-size:26px;line-height:1.25;letter-spacing:-.3px;margin:14px 0 10px;color:#fff}
.as-cta p{margin:0;font-size:15px;line-height:1.6;color:#c3c7d4}
.as-cta-chip{display:inline-block;background:rgba(255,255,255,.1);border:1px solid rgba(255,255,255,.16);
  border-radius:99px;padding:5px 13px;font-size:11.5px;letter-spacing:.07em;text-transform:uppercase}
.as-cta ul{list-style:none;margin:18px 0 0;padding:0;display:flex;flex-wrap:wrap;gap:8px 22px}
.as-cta li{font-size:14px;color:#e6e8ef;padding-left:22px;position:relative}
.as-cta li:before{content:"";position:absolute;left:2px;top:6px;width:9px;height:5px;border-left:2px solid #5b76ff;
  border-bottom:2px solid #5b76ff;transform:rotate(-45deg)}
.as-cta-r{text-align:center}
.as-cta-btn{display:inline-flex;align-items:center;justify-content:center;gap:9px;background:#3753fc;color:#fff;
  text-decoration:none;font-weight:600;font-size:15.5px;line-height:1.3;padding:15px 24px;border-radius:99px;width:100%;box-sizing:border-box}
.as-cta-btn:hover{background:#2a42d8}
.as-cta-note{margin-top:10px;font-size:12.5px;color:#9aa0b4}
@media(max-width:760px){
  .as-cta{grid-template-columns:minmax(0,1fr);gap:22px;padding:26px 22px;text-align:left}
  .as-cta h2{font-size:22px}
  .as-cta ul{flex-direction:column;gap:8px}
  .as-cta-r{text-align:left}
}
.as-author-head{display:flex;gap:28px;align-items:flex-start;justify-content:space-between}
.as-author-head>div{min-width:0}
.as-author-photo{width:180px;height:180px;border-radius:14px;object-fit:cover;flex:none;background:#eee}
.as-author-face{width:64px;height:64px;border-radius:50%;object-fit:cover;flex:none;background:#eee}
@media(max-width:700px){
  .as-author-head{flex-direction:column-reverse;gap:18px}
  .as-author-photo{width:110px;height:110px}
}
.as-author-box{display:flex;gap:16px;align-items:flex-start;margin:48px 0 0;padding:20px;border:1px solid var(--line);border-radius:12px;background:#fafafc}
.as-author-box p{margin:0 0 6px;font-size:16px}
.as-author-box .n{font-weight:600;color:var(--ink)}
.as-author-box .t{color:var(--muted);font-size:15px}

.as-pager{display:flex;align-items:center;justify-content:space-between;gap:16px;margin:44px 0 0;padding-top:22px;border-top:1px solid var(--line);font-size:15px}
.as-pager a{font-weight:500}
.as-pager-count{color:var(--muted)}

/* ---- footer ---- */


/* ---- research report: charts and standfirst ---- */
.as-standfirst{font-size:21px;line-height:1.6;color:var(--ink);border-left:3px solid var(--accent);
  padding-left:18px;margin:0 0 34px}
.as-fig{margin:34px 0;padding:22px 20px 16px;border:1px solid var(--line);border-radius:12px;background:#fcfcfe}
.as-fig svg{display:block;max-width:100%;height:auto;overflow:visible}
.as-fig figcaption{margin-top:16px;padding-top:14px;border-top:1px solid var(--line);
  font-size:14px;line-height:1.6;color:var(--muted)}
.post-body ol{padding-left:22px}
.post-body ol li{margin:0 0 14px}

@media (max-width:768px){
  body{font-size:17px}
  .post-title h1{font-size:32px;letter-spacing:-.5px}
  .as-main{padding:36px 20px 64px}
  .as-main h2{font-size:25px}
}

/* the fixed MUI AppBar is 65px tall and out of flow */
body{padding-top:65px}
/* MUI normally strips list markers through CssBaseline, which is injected by JavaScript and
   so never runs on a page that does not hydrate. Without this the nav renders as bullets. */
header ul,footer ul{list-style:none;margin:0;padding:0}
[data-as-mega]{position:relative}
.as-mega{position:absolute;left:0;top:calc(100% + 12px);min-width:280px;background:#fff;
  border:2px solid #c1c1c180;border-radius:12px;padding:10px;z-index:1300;
  box-shadow:3px 3px 8px 0 #0000000d,11px 11px 15px 0 #0000000a,24px 24px 20px 0 #00000008;
  opacity:0;visibility:hidden;transform:translateY(-4px);transition:opacity .12s,transform .12s}
[data-as-mega]:hover .as-mega,[data-as-mega]:focus-within .as-mega{opacity:1;visibility:visible;transform:none}
.as-mega ul{list-style:none;margin:0;padding:0}
.as-mega a{display:block;padding:9px 12px;border-radius:6px;font-size:14px;font-weight:500;
  color:rgba(48,44,44,.8);text-decoration:none;white-space:nowrap}
.as-mega a:hover{background:#efefef;color:#302c2c}
.as-mobile{position:fixed;left:0;right:0;top:65px;background:#fff;border-bottom:1px solid #e6e6e9;
  z-index:1200;padding:8px 16px 16px}
.as-mobile[hidden]{display:none}
.as-mobile ul{list-style:none;margin:0;padding:0}
.as-mobile a{display:block;padding:11px 4px;font-size:15px;font-weight:500;color:#302c2c;
  text-decoration:none;border-bottom:1px solid #f0f0f2}
@media (min-width:900px){.as-mobile{display:none}}