澳元/港币 (AUDHKD) 加自选

根据香港金融管理局的数据，香港外汇储备从上月的4191亿美元增至2025年10月的4260亿美元，结束了三个月的下降。储备相当于流通货币的五倍多，约为香港M3的37%。截至10月底，没有未结算的外汇合约。

Hong Kong’s foreign exchange reserves rose to USD 426.0 billion in October 2025 from USD 419.1 billion in the previous month, snapping a three-month decline, according to the Hong Kong Monetary Authority. The reserves were equivalent to more than five times the currency in circulation and about 37% of Hong Kong dollar M3. There were no unsettled foreign exchange contracts at the end of October.

周五，恒生指数下跌244点，跌幅0.9%，收于26242点，扭转了中国贸易数据疲软后前一交易日2%的涨势。10月出口同比下降1.1%，这是自2月以来的首次下降，受高基数效应和几个月前期加载后外国需求降温的影响。由于国内需求疲软，进口增长1.0%，为五个月来最低。在周末中国CPI/PPI数据公布之前，由于通货紧缩风险持续存在，人们也越来越谨慎。大多数行业下跌，科技股领跌，因为人们对最近人工智能驱动的涨幅的可持续性越来越怀疑，而消费者股则因北京方面进一步政策支持的不确定性而下跌。Pop-Mart Intl下跌6.4%，紧随其后的是快手科技下跌6.2%，信达生物（-3.5%）和周大福（-2.4%）。尽管如此，该指数本周仍上涨1.3%，较前一周的跌幅有所回升，这得益于第三季度外国资金大量流入内地股市，以及对美中关系在延长贸易休战后的乐观情绪。

The Hang Seng lost 244 points or 0.9% to end at 26,242 on Friday, reversing a 2% rally in the prior session after weak trade data from China. Exports fell 1.1% yoy in October, the first drop since February, weighed by high base effects and cooling foreign demand after months of front-loading. Imports grew 1.0%, the least in five months, on subdued domestic demand. Caution also grew ahead of China’s CPI/PPI data due over the weekend, with deflation risks persisting. Most sectors fell, led by tech stocks as doubts mounted over the sustainability of recent AI-driven gains, while consumer shares slid on uncertainty about further policy support from Beijing. Pop Mart Intl tumbled 6.4%, followed by Kuaishou Tech tumbled 6.2%, Innovent Biologics (-3.5%), and Chow Tai Fook (-2.4%). Still, the index rose 1.3% for the week, rebounding from the prior week’s losses, buoyed by strong foreign inflows into mainland stocks in Q3 and optimism over U.S.-China relations following an extended trade truce.

标准普尔/澳大利亚证券交易所200指数周五下跌0.7%，收于8770点，为六周多来的最低水平，受顶级投资银行麦格理大幅下跌和主要银行疲软的拖累。该指数本周也下跌了1.3%，标志着连续第二周下跌。麦格理（Macquarie）股价下跌5.7%，至六个月低点，此前该公司公布上半年利润下滑，受大宗商品和市场交易部门疲软的影响。麦格理的抛售对更广泛的金融板块造成了压力，该板块当天下跌1.3%，尽管在联邦银行和西太平洋银行早些时候的强势下，该板块仍实现了1.4%的周涨幅。然而，两家银行分别下跌1.5%和1.8%。资源类股也走弱，下跌0.7%，因黄金涨势暂停，铁矿石继续下跌。权重股必和必拓和力拓分别下跌0.8%和1.3%。与此同时，科技股下跌2.3%，至六个月低点，追随华尔街的回落，因为投资者重新评估了与人工智能相关的公司的高估值。

The S&P/ASX 200 fell 0.7% to close at 8,770 on Friday, its lowest level in over six weeks, dragged down by a sharp decline in top investment bank Macquarie and weakness across major lenders. The index also lost 1.3% over the week, marking its second straight weekly decline. Macquarie slumped 5.7% to a six-month low after posting a first-half profit miss, hit by softness in its commodities and markets trading division. The selloff in Macquarie weighed on the broader financials sector, which fell 1.3% on the day, though it still managed a 1.4% weekly gain on earlier strength in Commonwealth Bank and Westpac. Both lenders, however, ended lower by 1.5% and 1.8%, respectively. Resource stocks also weakened, slipping 0.7% as gold’s rally paused and iron ore extended losses. Heavyweights BHP and Rio Tinto dropped 0.8% and 1.3%. Meanwhile, technology shares slid 2.3% to a six-month low, tracking Wall Street’s pullback as investors reassessed lofty valuations in AI-linked firms.

随着新的避险情绪席卷全球市场，澳元贬值至0.650美元以下，触及四周来的最低水平。在估值担忧和对美中人工智能贸易发展的担忧下，全球股市再次出现科技股抛售浪潮，对风险敏感的货币造成压力。由于依赖大宗商品出口，澳元通常被视为全球风险的代表，尽管美国劳动力市场出现降温迹象，但澳元也未能从美元走软中受益。本周，澳元将下跌1%，这是一个月来的首次单周下跌，尽管澳大利亚储备银行在11月的会议上态度强硬。市场在很大程度上仍预计可能在明年5月再次降息，尽管一些分析师警告称，宽松周期可能已经结束，现金利率稳定在3.6%。

The Australian dollar depreciated below $0.650, hitting its lowest level in four weeks, as renewed risk-off sentiment swept across global markets. Another wave of tech selling in global equities amid valuation concerns and worries over US–China developments in AI trade weighed on the risk-sensitive currency. The Aussie, often viewed as a proxy for global risk due to its reliance on commodity exports, also failed to benefit from a softer greenback despite signs of cooling in the US labour market. For the week, the AUD is headed for a 1% loss, marking its first weekly decline in a month, despite the Reserve Bank of Australia’s hawkish tone at its November meeting. Markets still largely expect one more rate cut, likely by May next year, though some analysts caution the easing cycle may have already ended with the cash rate steady at 3.6%.