新加坡元/港币 (SGDHKD) 加自选

恒生指数周二飙升408点，收于25538点，涨幅1.6%，连续第四个交易日上涨，达到近四年来的最高水平。这一激增是由广泛的行业增长和乐观情绪推动的，因为美国和中国官员计划下周在斯德哥尔摩举行会议，这是他们旨在延长关税休战的第三轮会谈。在特朗普总统宣布与日本达成贸易协议，包括对包括汽车在内的所有商品征收15%的关税后，美国期货的强劲上涨也提振了市场情绪。北京努力遏制激烈的价格战和西藏的一个大型水电大坝项目，加剧了看涨情绪。与此同时，据报道，中国股市的日成交量升至近五个月高点，而保证金融资达到近四个月来的最高点。科技股指数上涨2.5%，紧随其后的是消费股和金融股。表现最好的包括快手科技（7.0%）、腾讯（4.9%）、金蝶国际软件（4.4%）和美团（3.0%）。

The Hang Seng surged 408 points or 1.6% to close at 25,538 on Tuesday, rising for the fourth session and reaching its highest level in almost four years. The upsurge was driven by broad-based sector gains and optimism ahead of a planned meeting between U.S. and Chinese officials in Stockholm next week—their third round of talks aimed at extending a tariff truce. A strong rise in U.S. futures also boosted sentiment after President Trump announced a trade deal with Japan that includes a 15% tariff on all goods, including autos. Adding to bullish sentiment were Beijing’s efforts to curb intense price wars and a massive hydropower dam project in Tibet. Meantime, daily turnover in China’s equity markets reportedly rose to near five-month highs, while margin financing hit its highest in nearly four months. The tech index jumped 2.5%, followed by consumer and financial shares. Top performers included Kuaishou Tech (7.0%), Tencent (4.9%), Kingdee Intl. Software (4.4%), and Meituan (3.0%).

2025年6月，新加坡的年通货膨胀率为0.8%，与上月持平，但略低于0.9%的市场预期。这一数字仍然是自2021年2月以来的最低水平，因为食品（1.0%对5月的1.1%）、住房和公用事业（0.9%对1.0%）的价格有所下降，而教育（0.5%）的价格则停滞不前。与此同时，家庭耐用品和服务（-0.4%对-0.2%）、信息和通信（-2.4%对-1.9%）以及娱乐、体育和文化（-2.6%对-2.0%）的通货紧缩加剧。另一方面，运输（2.0%对1.7%）和健康（2.8%对2.7%）的成本略有上升，而服装和鞋类的成本则有所回升（2.2%对-3.3%）。按月度计算，2025年6月CPI下降了0.1%，扭转了前一个月0.7%的涨幅。与此同时，6月份的年度核心通胀率为0.6%，与上月持平，但低于市场预期的0.7%的涨幅。

Singapore's annual inflation rate stood at 0.8% in June 2025, unchanged from the previous month but slightly below market expectations of a 0.9% rise. The figure remained the lowest reading since February 2021, as prices ticked down for food (1.0% vs 1.1% in May) and housing and utilities (0.9% vs 1.0%), while it stalled for education (0.5%). At the same time, deflation worsened for household durables and services (-0.4% vs -0.2%), information and communication (-2.4% vs -1.9%), and recreation, sport, and culture (-2.6% vs -2.0%). On the other hand, costs edged higher for transport (2.0% vs 1.7%) and health (2.8% vs 2.7%), while it rebounded for clothing and footwear (2.2% vs -3.3%). On a monthly basis, the CPI fell by 0.1% in June 2025, reversing a 0.7% rise in the prior month. Meanwhile, the annual core inflation rate stood at 0.6% in June, unchanged from the previous month but below market expectations of a 0.7% rise.

周三中午左右，新加坡股市上涨12点，涨幅0.3%，至4220点，追随美国总统唐纳德·特朗普宣布与日本达成新贸易协议后美国股指期货的涨幅。海峡时报指数创下历史新高，连涨13个交易日。交易员还展望了6月份的通胀数据，市场预计整体通胀率和核心通胀率将分别小幅上升至0.9%和0.7%。这些预测仍在新加坡金融管理局的目标范围内，这增加了人们对今年第三轮货币政策宽松的希望。支持市场情绪的是，上周的数据显示，新加坡第二季度的国内生产总值增长超过预期，而6月份的出口则出现了11个月来最强劲的增长。耐用消费品、商业服务和科技股领涨。表现最佳的包括星展集团（1.4%）、怡和单车（1.2%）、资本投资（0.7%）和城市发展（0.7%）。

Equities in Singapore rose 12 points, or 0.3%, to 4,220 around noon on Wednesday, tracking gains in US stock futures after US President Donald Trump announced new trade deals with Japan. The Straits Times Index (STI) reached a new record high, extending its winning streak to 13 consecutive sessions. Traders also looked ahead to June inflation data, with markets expecting both headline and core inflation to edge up slightly to 0.9% and 0.7%, respectively. The forecasts remain within the Monetary Authority of Singapore’s target range, raising hopes for a third round of monetary policy easing this year. Supporting sentiment, last week’s data showed that Singapore’s GDP grew more than expected in Q2, while exports in June posted their strongest increase in 11 months. Gains were led by consumer durables, commercial services, and tech stocks. Among the top performers were DBS Group (1.4%), Jardine Cycle & Carriage (1.2%), Capital Investment (0.7%), and City Developments (0.7%).

香港股市周二早盘上涨130点，涨幅0.5%，至25264点，连续第四个交易日上涨，同时保持2021年11月以来的最高水平。在特朗普总统宣布与日本达成涉及15%关税的贸易协议后，美国期货价格显著上涨，所有板块均上涨。与此同时，受西藏1700亿美元水电项目的启动、美中贸易紧张局势的缓解以及北京对机械、汽车和电气设备等关键行业的新政策支持的推动，内地市场也创下3年半以来的新高。投资者也在本月晚些时候中国即将召开的政治局会议之前做好了准备，预计该会议将影响今年剩余时间的经济政策。Genscript Biotech在预测今年上半年将恢复盈利后，股价飙升5.8%。其他涨幅最大的股票包括中信有限公司（2.5%）、创新生物（2.3%）、太创工业（2.1%）和腾讯控股（1.6%）。

Hong Kong shares rose 130 points or 0.5% to 25,264 on Tuesday morning deals, extending gains for the fourth straight session while staying at their highest level since November 2021. All sectors advanced, supported by a notable rise in U.S. futures after President Trump announced a trade deal with Japan involving a 15% tariff. Meanwhile, mainland markets also notched to a 3-1/2-year high, driven by the launch of a $170 billion hydropower project in Tibet, easing U.S.-China trade tensions, and fresh policy support from Beijing for key sectors including machinery, autos, and electrical equipment. Investors also positioned ahead of China’s upcoming Politburo meeting later this month, which is expected to shape economic policy for the remainder of the year. Genscript Biotech surged 5.8% after forecasting a return to profit in the first half of the year. Other top gainers included Citic Ltd. (2.5%), Innovent Biologics (2.3%), Techtronic Industries (2.1%), and Tencent Holdings (1.6%).