Booking Holdings Inc (BKNG) 加自选

周二，恒生指数下跌305点，跌幅1.2%，收于25525点，在广泛下跌的情况下，从连续两天的上涨开始。在特朗普总统罢免美联储理事丽莎·库克并威胁称，如果稀土磁体出口受到限制，将对中国征收“200%关税”后，美国期货大幅下跌，市场情绪恶化。特朗普还誓言对监管美国大型科技股的国家进行报复。该指数从近四年的高点回落，因为人们越来越担心，在长达数月的反弹将上证综指推升至十年高点后，内地股市可能正在失去动力。尽管如此，一些因素缓解了进一步的下跌，包括人工智能乐观情绪、中国和香港各地有吸引力的市场估值、北京持续的政策支持，以及低银行回报率带来的充足流动性。海底捞股价下跌2.8%，上半年盈利低于预期，而创新生物（-4.1%）、中国联通（-3.6%）、中芯国际（-3.3%）和东风汽车（-1.7%）也出现大幅亏损。

The Hang Seng dipped 305 points or 1.2% to close at 25,525 on Tuesday, swinging from a two-day winning streak amid broad-based declines. Sentiment soured after U.S. futures dropped sharply, following President Trump’s removal of Fed Governor Lisa Cook and threats of “200% tariffs” on China if rare-earth magnet exports are restricted. Trump also vowed retaliation against countries regulating U.S. Big Tech. The index pulled back from a near four-year high, as concerns grew that mainland stocks may be losing steam after a months-long rally that lifted the Shanghai Composite to a decade high. Still, further downside was cushioned by several factors, including AI optimism, attractive market valuations across China and Hong Kong, Beijing’s ongoing policy support, and abundant liquidity due to low bank returns. Haidilao sank 2.8% after H1 earnings missed estimates, while Innovent Biologics (-4.1%), China Unicom (-3.6%), SMIC (-3.3%), and Dongfeng Motor (-1.7%) also posted steep losses.

台湾7月工业生产同比增长18.11%，低于上月修正后的18.32%。制造业产出增长放缓（19.55%，6月份为19.87%）。此外，采矿和采石业的产量进一步下降（-15.66%对-8.56%）。与此同时，电力和天然气供应的产出以较温和的速度收缩（-7.70%对-9.81%），而供水的产出则有所恢复（0.91%对-0.73%）。经季节性调整的月度数据显示，7月份工业活动下降1.40%，较前一时期向上修正的4.19%有所缓解。

Industrial production in Taiwan rose by 18.11% year-on-year in July, slowing from a downwardly revised 18.32% gain in the previous month. Output growth slowed for manufacturing (19.55% vs 19.87% in June). Additionally, production declined further for mining and quarrying (-15.66% vs -8.56%). Meanwhile, output contracted at a softer pace for electricity and gas supply (-7.70% vs -9.81%), while it recovered for water supply (0.91% vs -0.73%). On a seasonally adjusted monthly basis, industrial activity fell by 1.40% in July, easing from an upwardly revised 4.19% drop in the preceding period.

2025年7月，台湾零售额同比下降3.6%，较上月下降2.9%进一步下降。这标志着零售活动连续第四个月下降，也是该序列中收缩幅度最大的一个月，因为燃料和相关产品（6月份为-8.7%对-6.9%）以及机动车、摩托车和相关零部件和配件（-19.7%对-17.3%）的销售额继续下降。此外，信息和通信设备以及家用电器的贸易大幅下降（-4.3%对2.6%），而建筑材料（3.5%对4.5%）、电子购物和邮购（7.3%对8.9%）以及其他零售（5.8%对6.8%）的贸易则有所放缓。与此同时，食品、饮料和烟草（9.8%对7.7%）以及非商店或摊位零售贸易（5.4%对4.9%）的销售加速。按月度计算，2025年7月零售活动下降了0.4%，较前一个月的1.5%有所缓解。

Retail sales in Taiwan fell by 3.6% year-on-year in July 2025, declining further from a 2.9% drop in the previous month. This marked the fourth consecutive month of falling retail activity and the sharpest contraction in the sequence, as sales continued to decrease for fuel and related products (-8.7% vs -6.9% in June) and motor vehicles, motorcycles, and related parts and accessories (-19.7% vs -17.3%). In addition, trade tumbled for information and communication equipment and electrical household appliances (-4.3% vs 2.6%), while it moderated for construction materials (3.5% vs 4.5%), electronic shopping and mail-order houses (7.3% vs 8.9%), and other retail sales (5.8% vs 6.8%). Meanwhile, sales accelerated for food, beverages, and tobacco (9.8% vs 7.7%) and retail trade not in stores or stalls (5.4% vs 4.9%). On a monthly basis, retail activity fell by 0.4% in July 2025, easing from a 1.5% drop in the previous month.

波兰的失业率从上个月的5.2%上升到2025年7月的5.4%，符合市场预期。这是自2月以来的最高失业率，登记失业人数比上月增加了33.8万人，达到83.08万人。2024年7月，失业率降至5.0%。

Poland’s unemployment rate rose to 5.4% in July 2025 from 5.2% in the previous month, in line with market expectations. This marked the highest jobless rate since February, as the number of registered unemployed grew by 33.8 thousand from a month earlier to 830.8 thousand. In July 2024, the jobless rate was lower at 5.0%.