新加坡元/港币 (SGDHKD) 加自选

周三，恒生指数下跌182点，跌幅0.8%，收于23600点，扭转了前一交易日在广泛下跌中的低迷局面。对中国通货紧缩风险和持续的全球贸易争端的担忧打压了市场情绪。欧盟通过对新的钢铁和铝关税采取反制措施，升级了与美国的贸易争端，计划对价值260亿欧元的美国商品征收关税。在1月份CPI数据超出预期后，美国2月份CPI报告发布前也表现出了谨慎。然而，2月份中国汽车销量同比增长34.4%，部分抵消了亏损。与此同时，在特朗普淡化对经济衰退的担忧后，美国期货小幅上涨。在全球方面，乌克兰同意与俄罗斯停火一个月。科技股跌幅最大，约为2%，受地平线机器人（-5.8%）、美团（-2.3%）和快手科技（-1.1%）拖累。其他表现最差的公司包括联想（-7.0%）、普拉达水疗（-6.7%）和金沙中国（-4.1%）。

The Hang Seng fell 182 points or 0.8% to close at 23,600 on Wednesday, reversing a subdued end in the prior session amid broad-based losses. Sentiment was weighed down by concerns over China’s deflation risks and ongoing global trade row. The EU escalated its trade dispute with the U.S. by launching countermeasures against new steel and aluminum tariffs, planning to impose duties on EUR 26 billion worth of American goods. Caution also built ahead of the U.S. February CPI report after January’s reading surpassed expectations. However, losses were partially offset by a 34.4% yoy surge in China’s car sales in February. Meanwhile, U.S. futures rose modestly after Trump downplayed recession fears. On the global front, Ukraine agreed to a month-long ceasefire with Russia. Tech stocks tumbled the most by around 2%, dragged by Horizon Robotics (-5.8%), Meituan (-2.3%), and Kuaishou Tech (-1.1%). Other worst performers included Lenovo (-7.0%), Prada Spa (-6.7%), and Sands China (-4.1%).

香港股市在前一天小幅收盘后，在周三上午的一个波动的交易日中上涨33点，涨幅0.1%，至23813点。美国期货小幅上涨支撑了市场情绪，此前华尔街在今天晚些时候CPI公布前一夜表现疲软。交易员们还消化了有关乌克兰在沙特阿拉伯与美国会谈期间同意立即与俄罗斯停火30天的报道。在中国，年度议会会议于周二结束，批准了2025年的中央预算，并通过了一项关于2024年工作的决议。然而，由于美国总统唐纳德·特朗普关税政策的不确定性和对世界最大经济体衰退的担忧，进一步的进展受到了抑制。阿里巴巴总部。受与中国Manus AI达成的合作协议的推动，股价飙升近5%。其他涨幅包括Miniso Group（8.1%）、中国建筑（3.0%）和SITC International（2.8%）。相反，普拉达水疗下跌（-8.0%），中通快递下跌（-4.6%），神州国际下跌（-2.8%）。

Shares in Hong Kong added 33 points or 0.1% to 23,813 in a volatile trading session on Wednesday morning after a muted close the day before. A modest rise in US futures supported sentiment after a weak day on Wall Street overnight ahead of CPI prints later today. Traders also digested reports that Ukraine had agreed to an immediate 30-day ceasefire with Russia during talks with the U.S. in Saudi Arabia. In China, the annual parliamentary gathering concluded Tuesday, approving the central budget for 2025 and adopting a resolution on the 2024 work. Further gains were tempered, however, by uncertainty surrounding U.S. President Donald Trump’s tariff policies and fears of recession in the world’s largest economy. Alibaba Hlds. surged almost 5%, boosted by a partnership deal with China's Manus AI. Other movers included Miniso Group (8.1%), China State Construction (3.0%), and SITC Intl. (2.8%). Conversely, Prada Spa tumbled (-8.0%), alongside ZTO Express (-4.6%), and Shenzhou Intl. (-2.8%).

恒生指数周二收于23782点，几乎没有变化，随着大多数板块的上涨，从早盘的下跌中反弹。花旗集团股份有限公司将其对中国股市的展望上调至增持，称人工智能取得突破，市场情绪有所改善。科技指数攀升超过1%，快手科技（5.2%）和半导体制造（3.1%）领涨。房地产和金融股也上涨，因市场希望今天结束的中国议会会议将提振市场信心，尽管通货紧缩压力挥之不去，与美国的贸易紧张局势以及房地产市场的不确定性。与此同时，美国期货在周一华尔街暴跌后小幅上涨，这是由贸易政策转变和政府持续削减开支引发的经济衰退担忧造成的。在宣布计划到2026年开始大规模生产飞行汽车和工业机器人后，小鹏公司股价飙升9.8%，而浙江利浦电机公司股价上涨13.3%。在下跌方面，优步机器人下跌6.0%，其次是KE控股（-3.5%）和美团（-1.5%）。

The Hang Seng closed nearly unchanged at 23,782 on Tuesday, rebounding from early losses as most sectors rose. Sentiment improved after Citigroup Inc. upgraded its outlook on Chinese stock markets to overweight, citing an AI breakthrough. The tech index climbed over 1%, led by Kuaishou Tech (5.2%) and Semicon Manufacturing (3.1%). Property and financials also gained on hopes that China’s parliamentary meeting, concluding today, would bolster market confidence despite lingering deflation pressures, trade tensions with the US, and property market uncertainty. Meanwhile, US futures rose modestly after Monday’s Wall Street slump, which was driven by recession concerns stemming from shifts in trade policies and continued government spending cuts. Xpeng surged 9.8% after announcing plans to begin mass production of flying cars and industrial robots by 2026, while Zhejiang Leapmotor jumped 13.3%. On the downside, UBTech Robotics fell 6.0%, followed by KE Holdings (-3.5%), and Meituan (-1.5%).

香港股市周二早盘下跌166点，跌幅0.7%，至23616点，标志着第二个交易日下跌，大部分行业下跌，尤其是金融、房地产和消费者。华尔街隔夜暴跌打压了市场情绪，人们越来越担心关税和政府支出削减会损害美国经济增长。2月份，由于季节性需求减弱以及出于就业和收入担忧的家庭谨慎支出，中国持续存在通缩压力，交易员继续出售股票。另外，美国将调查消费电子产品中使用的中国制造的芯片型号，这可能会导致对中国产品征收额外关税。与此同时，中国两会将于今天晚些时候结束，一些交易员预计将采取新措施来提振疲软的经济。这有助于限制该市股市的进一步下跌。一些早期的失败者包括赵金矿业。（-3.3%）、龙湖集团（-2.8%）和美团（-2.2%）。

Hong Kong's stocks slipped 166 points or 0.7% to 23,616 in early trade on Tuesday, marking the second session of losses as most sectors dipped, notably financials, property, and consumers. An overnight rout on Wall Street pressured sentiment, with fears mounting that tariffs and government spending cuts would hurt US economic growth. Traders continued to sell their shares amid persistent deflationary pressures in China during February, driven by waning seasonal demand and cautious spending among households due to job and income concerns. Separately, the US is set to probe China-manufactured chip models used in consumer electronics, potentially leading to additional tariffs on Chinese products. Meanwhile, China's Two Sessions will conclude later today, with some traders anticipating new measures to boost the sluggish economy. This helped limit further losses in the city's stock market. Some early losers included Zhaojin Mining Inds. (-3.3%), Longfor Group (-2.8%), and Meituan (-2.2%).