标准普尔/澳交所200指数周三收于8802点，下跌0.1%，延续了前一交易日0.9%的大幅下跌，触及9月下旬以来的最低水平，因为投资者在央行谨慎的政策立场下从大宗商品股转向银行股。矿商领跌，下跌1.1%至一个月低点，受铁矿石价格下跌拖累，Fortescue下跌2.5%，力拓也下跌。此外，黄金矿商连续第三个交易日延续下跌，追随金价隔夜下跌，贝尔维尤黄金下跌3.1%，北方之星下跌0.5%。科技股也下跌2.7%，追随华尔街隔夜的跌幅，因对估值过高的担忧再次出现。与此同时，金融股帮助缓冲了更广泛的下跌，上涨0.6%，因为投资者在估值泡沫、行业表现不佳和澳大利亚储备银行谨慎的前景下寻求高收益银行股的稳定。最大银行联邦银行上涨1.3%，至近三个月高点，而澳大利亚国民银行上涨1.7%。

The S&P/ASX 200 finished 0.1% lower at 8,802 on Wednesday, extending the prior session's sharp 0.9% loss to hit its lowest since late September, as investors moved from commodity stocks to banks amid the central bank’s cautious policy stance. Losses were led by miners, which fell 1.1% to a one-month low, dragged by weaker iron ore prices that sent Fortescue down 2.5% and Rio Tinto lower as well. Additionally, gold miners extended declines for a third session, tracking bullion’s overnight drop, with Bellevue Gold sliding 3.1% and Northern Star easing 0.5%. Technology stocks also tumbled 2.7%, tracking Wall Street’s overnight losses amid renewed concerns about stretched valuations. Meanwhile, financials helped cushion the broader decline, rising 0.6% as investors sought stability in high-yielding bank stocks amid frothy valuations, sector underperformance, and the RBA’s cautious outlook. Top lender Commonwealth Bank climbed 1.3% to a near three-month high, while NAB gained 1.7%.

澳元兑美元汇率在0.647美元左右走弱，将最近的跌幅扩大到11周低点，因为全球市场的广泛避险情绪掩盖了澳大利亚储备银行的鹰派政策前景。由于持续的通胀压力，储备银行在11月将利率稳定在3.6%，正如预期的那样。州长布洛克表示，进一步削减的空间有限，市场现在只看到今年放松的可能性很小，一些分析师表示，周期可能已经结束。然而，到目前为止，央行的鹰派立场未能提振货币，交易员们转而关注风险情绪的恶化。在美国科技股大幅下跌和主要银行高管再次发出估值警告后，全球市场变得谨慎，引发了人们对潜在市场调整的担忧。澳元也面临进一步压力，因美联储官员对12月加息的可能性存在分歧，美元走强。

The Australian dollar weakened around $0.647, extending its recent declines to an eleven-week low, as broad risk-off sentiment across global markets overshadowed the RBA’s hawkish policy outlook. The Reserve Bank held interest rates steady at 3.6% as expected in November, citing persistent inflation pressures. Governor Bullock said the scope for further cuts is limited, and markets now see only a small chance of easing this year, with some analysts suggesting the cycle may already be over. However, the central bank’s hawkish stance has so far failed to lift the currency, with traders focused instead on deteriorating risk sentiment. Global markets have turned cautious after sharp losses in US tech stocks and renewed valuation warnings from major bank executives, raising concerns of a potential market correction. The AUD also faced further pressure as the greenback strengthened amid diverging views among Fed officials over the possibility of a rate move in December.

标准普尔/澳交所200指数周三早盘下跌0.2%，至8795点左右，延续了前一交易日0.9%的大幅下跌，触及一个多月来的最低水平，受大宗商品股拖累。黄金矿商领跌，跌幅高达4.7%，至一个月低点，行业领导者北极星（-3.3%）和Evolution Mining（-5.1%）在金价隔夜因美元走强而走弱后下跌。矿业股也连续第三个交易日下跌至一个月低点，受中国铁矿石需求疲软和铜价下跌的压力。该分类指数下跌2.5%，权重股必和必拓和力拓分别下跌1.2%和2.3%。此外，能源股因油价下跌下跌近1%，而科技股在华尔街隔夜大幅下跌后下跌超过2%。金融股帮助限制了损失，主要银行CBA上涨1.4%，在澳大利亚储备银行保持利率稳定并暗示对进一步宽松持谨慎态度后，银行股上涨，这一立场被视为对利润率的支持。

The S&P/ASX 200 fell 0.2% to around 8,795 in Wednesday morning trade, extending a sharp 0.9% loss in the prior session to hit its lowest level in over a month, weighed down by commodity stocks. Gold miners led the decline, dropping up to 4.7% to a one-month low, with sector leaders Northern Star (-3.3%) and Evolution Mining (-5.1%) sliding after bullion weakened overnight on a stronger dollar. Mining stocks also fell for a third straight session to a one-month low, pressured by soft iron ore demand from China and lower copper prices. The sub-index lost 2.5%, with heavyweights BHP and Rio Tinto down 1.2% and 2.3%, respectively. Additionally, energy stocks slipped nearly 1% on weaker oil prices, while tech shares tumbled over 2% following Wall Street’s sharp overnight decline. Financials helped limit the losses, led by a 1.4% gain from top lender CBA, as banks rose after the RBA kept rates steady and signaled caution on further easing, a stance seen as supportive for margins.

标准普尔全球澳大利亚服务业PMI商业活动指数从9月的52.4升至10月的52.5，表明服务业活动持续增长，并将扩张势头延长至21个月。更高的新销售额和成功的业务发展支持了国内和出口市场的增长，询盘有助于推动海外订单连续第三个月增长。随着工作量的增加，人员配备水平有所提高，但就业增长率降至八个月来的最低点。未完成工作在六个月内第五次略有下降，部分原因是产能压力减轻。投入成本上升，但速度放缓，随着通胀压力的缓解，企业以五年来最慢的速度提高了产出费用。

The S&P Global Australia Services PMI Business Activity Index rose to 52.5 in October from 52.4 in September, signaling continued growth in services activity and extending the expansion streak to 21 months. Higher new sales and successful business development supported growth in both domestic and export markets, with enquiries helping to drive a third consecutive monthly rise in overseas orders. Staffing levels increased in response to rising workloads, but the rate of jobs growth eased to an eight-month low. Outstanding work declined marginally for the fifth time in six months, in part reflecting reduced capacity pressure. Input costs rose but at a softer pace, and firms lifted output charges at the slowest rate in five years as inflationary pressures eased.