香港50指数 (HangSeng) 加自选

周一，恒生指数上涨58点，涨幅0.2%，收于26447点，这是该指数连续第二次上涨，并追随美联储本周降息前美国期货价格的上涨。尽管市场预计下调25个基点，但特朗普总统推动了更大的举措，称时机“理想”。香港股市徘徊在四年高点附近，受今天进入第二天的马德里美中贸易谈判的支持。然而，8月份中国疲软的数据限制了涨幅，工厂产出、零售额、信贷、出口和固定资产投资均表现不佳。在北京对美国芯片发起反歧视和反倾销调查后，科技股领涨，上涨近1%。阿里巴巴因行业乐观情绪上涨2.6%，而美团在缩减其社区团购部门后上涨1%。其他显著上涨的股票包括无锡生物制品（6.4%）、李汽车（4.5%）、农夫山泉（4.1%）、长江基建（2.4%）和小米（2.0%）。

The Hang Seng rose 58 points or 0.2% to close at 26,447 on Monday, marking its second straight gain and tracking an uptick in U.S. futures ahead of an expected Fed rate cut this week. While markets expect a 25bps reduction, President Trump has pushed for a larger move, calling the timing “ideal.” Hong Kong shares hovered near a four-year high, supported by ongoing U.S.-China trade talks in Madrid that enter day two today. However, gains were capped by weak August data from China, with factory output, retail sales, credit, exports, and fixed asset investment all underperforming. Tech led the advance, up almost 1%, after Beijing launched anti-discrimination and anti-dumping probes into U.S. chips. Alibaba jumped 2.6% on sector optimism, while Meituan gained 1% after scaling back its community group-buying unit. Other notable gainers included Wuxi Biologics (6.4%), Li Auto (4.5%), Nongfu Spring (4.1%), CK Infrastructure (2.4%), and Xiaomi (2.0%).

香港股市周一早盘上涨93点，涨幅0.4%，至26480点，涨幅延续至第二个交易日。在本周的美联储货币政策会议之前，美国期货价格小幅上涨支撑了市场情绪，普遍预计美联储将降息25个基点，尽管在劳动力数据疲软和通胀疲软的情况下，一些交易员预计利率将进一步下跌半个百分点。与此同时，在马德里举行的美中贸易谈判将于今天晚些时候进入第二天，这表明外交力度有所加强。中国疲软的数据抑制了进一步的上涨：工业产出增长放缓至一年低点，零售额增长为八个月来最低，失业率创六个月新高。科技股和消费股领涨，李汽车（5.3%）、农夫山泉（3.2%）、长江基建（2.5%）和XPeng（2.2%）涨幅显著。相比之下，在摩根大通以估值过高为由将该股从“增持”下调至“中性”后，Pop-Mart International股价暴跌7.5%。

Hong Kong stocks rose 93 points, or 0.4%, to 26,480 in early Monday trade, extending gains into a second session. Sentiment was supported by a modest uptick in U.S. futures ahead of this week’s Federal Reserve monetary policy meeting, where a 25bps rate cut is widely expected, though some traders are pricing in a deeper half-point move amid softening labor data and subdued inflation. Meanwhile, U.S.-China trade talks in Madrid will enter day two later today, signaling stepped-up diplomacy. Further gains were tempered by weak Chinese data: industrial output growth slowed to a one-year low, retail sales rose the least in eight months, and unemployment hit a six-month high. Tech and consumer names led the advance, with Li Auto (5.3%), Nongfu Spring (3.2%), CK Infrastructure (2.5%), and XPeng (2.2%) posting notable gains. In contrast, Pop Mart Intl. slumped 7.5% after JPMorgan downgraded the stock to “neutral” from “overweight,” citing stretched valuations.

香港兑美元汇率达到7.78，为2025年5月以来最高。过去4周，美元香港下跌0.57%，过去12个月下跌0.21%。

The Hong Kong Dollar touched 7.78 against the USD, the highest since May 2025. Over the past 4 weeks, US Dollar Hong Kong Dollar lost 0.57%, and in the last 12 months, it decreased 0.21%.

恒生指数周五上涨301点，涨幅1.2%，至26387点，为2021年8月以来的第六个交易日。该指数本周飙升3.8%，为3月以来最强劲的单周涨幅，华尔街创下历史新高，因为美国失业救济申请人数的增加加强了对美联储下周降息的押注，到年底可能会有更多的宽松政策。美国财政部长Scott Bessent下周将在马德里会见中国副总裁何立峰，继续就贸易、经济和安全问题进行会谈，这增加了乐观情绪。然而，在下周公布的中国8月经济活动数据公布之前，谨慎态度限制了进一步的走强。科技股领涨，受人工智能乐观情绪的提振，而消费者和房地产股上涨，因为北京方面采取行动帮助地方政府支付未付账单。阿里巴巴（Alibaba）和百度（Baidu）在发布了内部开发的用于训练人工智能模型的芯片后大幅上涨，减少了对英伟达（Nvidia）的依赖。其他涨幅最大的公司包括中国虹桥（6.1%）、阿克苏（6.0%）和招金矿业（4.3%）。

The Hang Seng climbed 301 points, or 1.2%, to 26,387 on Friday, rising for the sixth session to its highest since August 2021. The index surged 3.8% for the week, its strongest weekly rise since March, amid Wall Street's record highs as rising US jobless claims reinforced bets of a Fed rate cut next week, with more easing likely through year-end. Adding to the bullish mood, US Treasury Secretary Scott Bessent will meet Chinese VP He Lifeng in Madrid next week to continue talks on trade, economic, and security issues. However, further strength was limited by caution ahead of China's activity data for August, set to be due next week. Tech shares led the gains on renewed AI optimism, while consumer and property stocks rose as Beijing moves to help local governments cover unpaid bills. Alibaba and Baidu jumped after unveiling internally developed chips to train AI models, reducing reliance on Nvidia. Other top movers included China Hongqiao (6.1%), Akeso (6.0%), and Zhaojin Mining (4.3%).