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标准普尔/多伦多证交所综合指数周三上涨约0.3%，收于28630点以上，试图刷新历史新高，主要金融和矿商领涨指数，投资者在加拿大和美国主要劳工报告预计将指导加拿大银行和美联储的货币政策之前变得谨慎。加拿大皇家银行超级股领涨金融股，涨幅超过0.5%，而Agnico Eagle领涨矿业板块，涨幅近1%。在其他地方，能源行业表现不佳，因为油价在供应增加的新迹象下暴跌。报告显示，欧佩克+集团正在考虑在即将到来的周末会议上提高石油产量，这令市场感到意外，此前市场大多预计产量水平不变。

The S&P/TSX Composite rose around 0.3% to above the 28,630 level on Wednesday, attempting to renew its record high as major financials and miners led the index higher, with investors turning cautious ahead of key Canadian and US labor reports expected to guide monetary policy at the Bank of Canada and the Federal Reserve. Mega-cap RBC led the financials, adding over 0.5%, while Agnico Eagle led the mining sector with gains of nearly 1%. Elsewhere, the energy sector underperformed as oil prices tumbled amid fresh signs of higher supply. Reports indicated that the OPEC+ group is considering raising its oil output at its meeting over the upcoming weekend, surprising markets that had mostly expected an unchanged level of production.

加拿大企业劳动生产率在2025年第二季度下降1.0%，此前第一季度修正后下降0.1%，低于0.2%的增长预期。这是自2022年第四季度以来的最大跌幅（-1.1%），因为围绕国际贸易的不确定性导致企业七个季度以来首次减产，而工作时间继续增加，但速度是上一季度的一半。公用事业（-4.0%）、批发贸易（-2.6%）和制造业（-2.1%）出现显著下降，而建筑业小幅下降0.1%。此外，小时工资下降了0.5%，这是自2021年初以来的首次下降，推动单位劳动力成本上涨了0.5%。

Canadian business labor productivity fell 1.0% in Q2 2025, following a revised 0.1% fall in Q1 and missing expectations of 0.2% growth. It was the sharpest drop since Q4 2022 (-1.1%), as uncertainty surrounding international trade led businesses to reduce their output for the first time in seven quarters while hours worked continued to increase but at half the pace of the previous quarter. Notable declines were seen in utilities (-4.0%), wholesale trade (-2.6%), and manufacturing (-2.1%), while construction edged down 0.1%. Also, hourly compensation fell 0.5%, its first decline since early 2021, pushing unit labor costs up 0.5%.

周三，恒生指数下跌153点，跌幅0.6%，收于25343点，连续第二天下跌。由于对全球财政压力的担忧日益加剧，全球股市下跌。与此同时，道琼斯期货价格明显下跌，受到美国制造业连续第六个月下跌的压力。美国一家意见分歧的上诉法院裁定特朗普总统的大部分关税是非法的，这增加了不确定性，尽管这些措施将一直持续到10月14日，等待最高法院可能的上诉。在俄罗斯普京和朝鲜金正恩参加的中国阅兵式引发了国防相关股票的获利回吐后，所有行业都出现了亏损。在当地，香港监管机构启动了一项涉及港交所至少两名个人的内幕交易调查。私人调查数据显示，8月份中国服务业活动增长15个月来最多，这缓冲了损失。跌幅最大的包括恒基兆业地产（-3.7%）、太古地产（-3.2%）和比亚迪（-2.5%）。

The Hang Seng fell 153 points or 0.6% to end at 25,343 on Wednesday, slipping for the second day as global equities retreated due to growing concerns over fiscal strains worldwide. Meanwhile, Dow Jones futures were notably lower, pressured by the sixth straight monthly drop in U.S. manufacturing. Adding to uncertainty, a divided U.S. appeals court ruled most of President Trump’s tariffs illegal, though the measures will remain in place until October 14 pending a likely Supreme Court appeal. All sectors moved in the red after a military parade in China, attended by Russia’s Putin and North Korea’s Kim Jong Un, prompted a profit-taking in defense-related shares. Locally, Hong Kong regulators launched an insider trading probe involving at least two individuals at HKEX. Losses were cushioned by private survey data showing China’s services activity rose the most in 15 months during August. Major decliners included Henderson Land (-3.7%), Swire Properties (-3.2%), and BYD Co. (-2.5%).

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Equities in Hong Kong slipped 66 points or 0.3% to 25,438 in early trade on Wednesday, marking losses for the second consecutive session after a weak lead from Wall Street overnight, where investors weighed the outlook for President Donald Trump’s tariffs following a federal appeals court ruling that most of his sweeping measures were illegal. A further drop in mainland shares also dampened sentiment, even as a private survey showed China’s composite PMI rose to a 9-month high in August, pointing to a third straight month of private sector growth on broad-based gains in manufacturing and services. Property stocks led declines, with Swire Properties down 3.4%, followed by Henderson Land Development (-2.9%), and China Overseas Land (-0.9%). By contrast, tech and consumer names advanced as markets looked ahead to Chinese President Xi Jinping’s address at the country’s largest-ever military parade today, joined by Russia’s Vladimir Putin and North Korea’s Kim Jong Un.