纽币/新加坡元 (NZDSGD) 加自选

周五，标准普尔/NZX 50指数下跌0.75%，收于13289点，结束了两天的上涨，追随华尔街的微弱领先。美国股市下跌，因地区银行因对信贷质量的担忧而暴跌，再加上对美中贸易紧张局势和政府停摆的担忧。与此同时，国内投资者正等待下周公布的第三季度CPI数据，以进一步了解新西兰储备银行的货币政策前景。在企业方面，ERoad是该指数的最大拖累，在运输软件公司在充满挑战的市场条件下退出北美扩张计划后暴跌34.7%。权重股也导致了下跌，包括斐雪派克（-2.8%）、a2 Milk（-2.4%）和Spark NZ（-0.8%）。其他明显的输家包括Precinct Properties（-1.6%）、Ryman Healthcare（-1.4%）和Vulcan Steel（-2.35%）。本周，新西兰元50指数下跌1.3%，连续第二周下跌。

The S&P/NZX 50 index fell 0.75% to end at 13,289 on Friday, snapping a two-day advance as it tracked a weak lead from Wall Street. US stocks retreated as regional banks slumped on concerns over credit quality, compounded by worries about US-China trade tensions and a government shutdown. Meanwhile, domestic investors now await the release of the third-quarter CPI data next week for further clues on the Reserve Bank of New Zealand's monetary policy outlook. On the corporate side, ERoad was the biggest drag on the index, plunging 34.7% after the transport software company stepped back from its North American expansion plans amid challenging market conditions. Heavyweights also contributed to the decline, including Fisher & Paykel (-2.8%), a2 Milk (-2.4%), and Spark NZ (-0.8%). Other notable losers included Precinct Properties (-1.6%), Ryman Healthcare (-1.4%), and Vulcan Steel (-2.35%). For the week, the NZX 50 slipped 1.3%, its second consecutive week of losses.

周五，新西兰元徘徊在0.572美元左右，接近周一的六个月低点0.568美元，原因是美中贸易紧张局势持续存在，国内政策前景温和。在华盛顿和北京就稀土出口管制发生冲突后，这两个主要经济体之间的摩擦再次出现，促使投资者涌向避险资产，并使新西兰元等风险敏感货币处于守势。新西兰储备银行首席经济学家Paul Conway周三重申，尽管央行将在决定之前评估即将公布的经济数据，但央行仍对进一步放宽政策持开放态度，这进一步削弱了新西兰元的吸引力。投资者现在期待下周的第三季度通胀报告，以进一步了解新西兰联储的降息路径。本周到目前为止，新西兰元的交易基本持平。

The New Zealand dollar hovered around $0.572 on Friday, near Monday’s six-month low of $0.568, amid ongoing US-China trade tensions and a dovish policy outlook at home. Frictions between the two major economies resurfaced after Washington and Beijing clashed over rare earths export controls, prompting investors to flock to safe-haven assets and leaving risk-sensitive currencies like the kiwi on the defensive. Further dampening the kiwi’s appeal, Reserve Bank of New Zealand Chief Economist Paul Conway reiterated on Wednesday that the central bank remains open to further policy easing, though it will assess incoming economic data before deciding. Investors now look ahead to next week’s third-quarter inflation report for further clues on the RBNZ’s rate-cut path. So far this week, the kiwi has traded broadly flat.

新加坡的非石油国内出口（NODX）在2025年9月同比飙升6.9%，从8月份向上修正的11.5%的跌幅中大幅回升，这是自2014年3月以来的最大跌幅。这标志着受电子和非电子出口反弹的推动，NODX在三个月内首次增长。由于集成电路（34.9%）、个人电脑（58.3%）和磁盘介质产品（42.9%）的出货量激增，电子出口飙升30.4%，从8月份的6.5%下降中恢复过来。与此同时，非电子产品出口同比增长0.4%，从8月份的13.3%暴跌反弹，这得益于非货币黄金（82.7%）和专业机械（14.1%）的上涨。出口主要增长到香港（56.3%）、台湾（31.9%）、泰国（24.0%）、中国（10.1%）和日本（8.2%）。相比之下，由于美国新征收的关税，对美国的出口下降了（-9.9%）。每月，NODX上涨13.0%，从8月份向上修正的9.1%的跌幅大幅反弹，标志着三个月来的首次月度增长。

Singapore’s non-oil domestic exports (NODX) surged 6.9% yoy in September 2025, recovering sharply from an upwardly revised 11.5% decline in August, which was the steepest fall since March 2014. This marked the first growth in NODX in three months, driven by a rebound in both electronic and non-electronic exports. Electronic exports soared 30.4%, recovering from a 6.5% drop in August, due to a surge in shipments of ICs (34.9%), PCs (58.3%), and disk media products (42.9%). Meanwhile, non-electronic exports grew 0.4% yoy, rebounding from a 13.3% plunge in August, boosted by rises in non-monetary gold (82.7%) and specialised machinery (14.1%). Exports grew mainly to Hong Kong (56.3%), Taiwan (31.9%), Thailand (24.0%), China (10.1%), and Japan (8.2%). By contrast, shipments to the US fell (-9.9%), dampened by newly imposed American tariffs. Monthly, NODX jumped by 13.0%, rebounding sharply from an upwardly revised 9.1% drop in August, marking the first monthly increase in three months.

周五早盘，新西兰元50指数下跌79点，跌幅0.6%，至13311点，停止了前两个交易日的涨幅。由于对持续的美中贸易紧张局势和美国政府持续关闭的担忧，华尔街隔夜下跌。本周，该指数将下跌1.2%，标志着连续第二周下跌。交易员还预计下周将公布第三季度国内通胀数据，这可能会指导央行在即将召开的会议上做出货币政策决定。新西兰最大贸易伙伴中国将于下周一发布一系列经济指标，在此之前，人们也持谨慎态度。这些包括国内生产总值、工业生产和零售额。几乎所有行业都出现了亏损，科技、消费品、金融和工业板块领涨。最大的落后者包括斐雪派克（-1.3%）、埃伯斯集团（-0.9%）、西太平洋银行（-0.8%）和澳新银行（-0.7%）。

The NZX 50 dropped 79 points, or 0.6%, to 13,311 in morning trade on Friday, halting gains from the previous two sessions. The decline tracked a fall on Wall Street overnight amid concerns over persistent US-China trade tensions and the ongoing US government shutdown. For the week, the index is heading for a 1.2% decline, marking the second consecutive weekly loss. Traders also anticipated the release of Q3 domestic inflation data next week, which could guide the central bank’s monetary policy decision in the upcoming meeting. Caution was also built ahead of the release of a slew of economic indicators from New Zealand’s top trading partner, China, which are set to be released next Monday. These include GDP, industrial production, and retail sales. Almost all sectors traded in the red, led by technology, consumer staples, financials, and industrials. Among the biggest laggards were Fisher & Paykel (-1.3%), Ebos Group (-0.9%), Westpac Banking Corp. (-0.8%), and ANZ Group (-0.7%).