在中国，上海综合指数周五上涨27点，涨幅0.69%。涨幅最大的是中国钼业（5.28%）、中航发动机（2.53%）和上海电气（2.18%）。最大的亏损来自恒力石化（-4.43%）、中国国际航空公司（-2.68%）和上海石化（-2.46%）。

In China, the Shangai Composite Index went up by 27 points or 0.69 percent on Friday. Top gainers were China Molybdenum (5.28%), Avic Aviation Engine (2.53%) and Shanghai Electric (2.18%). Biggest losses came from Hengli Petrochemical (-4.43%), Air China (-2.68%) and Shanghai Petrochemical (-2.46%).

在美国消费者价格指数和美中吉隆坡会谈之前，市场屏住呼吸。美元在亚洲交易时段保持稳定，交易员在关键通胀数据公布之前对新头寸兴趣不大。将于当天晚些时候发布的9月份CPI报告预计将显示，整体价格每月上涨0.4%，核心CPI上涨0.3%，这将使年度整体价格上涨3.1%，而核心价格则稳定在3.1%。

Markets Hold Breath Ahead of US CPI, US–China Talks in KL.Dollar traded steady in Asian session, with traders showing little appetite for new positions ahead of key inflation data. The September CPI report, due later in the day, is expected to show a 0.4% monthly increase in headline prices and a 0.3% gain in core CPI, which would push the annual headline rate up to 3.1% while leaving core steady at 3.1%.

国际货币基金组织（IMF）周五敦促亚洲国家减少非关税壁垒，深化区域贸易一体化，以降低其对美国关税和全球金融冲击的脆弱性。国际货币基金组织在其亚洲区域经济展望报告中表示，贸易一直是亚洲经济增长的关键驱动力，中国是全球商品生产的中心枢纽，这一地位使该地区面临美中贸易紧张局势和特朗普总统关税的干扰。与美国的贸易摩擦加剧，加上人工智能的投资热潮，推动了亚洲的区域内贸易。国际货币基金组织亚太部主任Krishna Srinivasan告诉路透社：“如果亚洲更多地融入该地区，这本身就为你提供了抵御外部冲击的缓冲。”。亚洲在中间产品贸易方面高度一体化，约60%的出口总额来自该地区。

The International Monetary Fund (IMF) on Friday urged Asian countries to reduce non-tariff barriers and deepen regional trade integration to lessen their vulnerability to US tariffs and global financial shocks. Trade has been a key driver of Asia’s economic growth, with China serving as the central hub for global goods production — a position that exposes the region to disruptions from US-China trade tensions and President Trump’s tariffs, the IMF said in its regional economic outlook report for Asia. Rising trade frictions with the US, coupled with an investment boom in artificial intelligence, have fueled intra-regional trade in Asia. “If Asia integrates more within the region, that itself provides you a buffer against external shocks,” Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, told Reuters. Asia is highly integrated in intermediate goods trade, with about 60% of total exports made within the region.

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China’s 10-year government bond yield rose toward 1.78%, marking its highest level in more than a week, as investors turned their attention to the highly anticipated meeting between Presidents Donald Trump and Xi Jinping next week. Trump is expected to potentially revive discussions on a long-sought nuclear arms accord and urge Xi to leverage his influence over Russian President Vladimir Putin to help bring an end to the war in Ukraine. At the same time, he has indicated plans to extend the suspension of significant tariffs on Chinese imports in exchange for renewed US soybean purchases, stricter enforcement of fentanyl export controls, and relaxed restrictions on rare-earth materials. Meanwhile, China’s Fourth Plenum concluded on Thursday with the Communist Party vowing to accelerate efforts toward technological self-reliance, a priority that has gained heightened urgency amid Washington’s escalating curbs on access to advanced semiconductors and other critical high-tech components.