港股市场表现 美股市场表现 日股市场表现 | 2025 年 4 月 17 日 | | | --- | --- | | 资讯日报 | | | 海外市场主要股市上日表现 | | | | 升跌（%） | | 指数名称 | 收市价 | 单日 | 年内 | | --- | --- | --- | --- | | 恒生指数 | 21,057 | (1.91) | 4.97 | | 恒生国企 | 7,779 | (2.55) | 6.71 | | 恒生科技 | 4,796 | (3.72) | 7.34 | | 美国道琼斯 | 39,669 | (1.73) | (6.76) | | 美国标普 500 | 5,276 | (2.24) | (10.30) | | 美国纳斯达克 | 16,307 | (3.07) | (15.55) | | 德国 DAX | 21,311 | 0.27 | 7.04 | | 法国 CAC | 7,330 | (0.07) | (0.69) | | 英国富时 100 | 8,276 | 0.32 | 1.26 | | 日本日经 225 | 33,920 | (1.01) | (14.97) | ...

国信证券(香港)·资讯日报 股票市场概览 港股市场表现 美股市场表现 日股市场表现 | 年 月 日 2025 | 4 | 16 | | | | --- | --- | --- | --- | --- | | 资讯日报 | | | | | | 海外市场主要股市上日表现 | | | | | | | | | 升跌（%） | | | 指数名称 收市价 | | | 单日 | 年内 | | 恒生指数 | 21,466 | 0.23 | 7.01 | | --- | --- | --- | --- | | 恒生国企 | 7,983 | 0.21 | 9.51 | | 恒生科技 | 4,982 | (0.67) | 11.49 | | 美国道琼斯 | 40,369 | (0.38) | (5.11) | | 美国标普 500 | 5,397 | (0.17) | (8.25) | | 美国纳斯达克 | 16,823 | (0.05) | (12.88) | | 德国 DAX | 21,254 | 1.43 | 6.75 | | 法国 CAC | 7,335 | 0.86 | (0.61) | | 英国富时 100 | 8,2 ...

国信证券(香港)·资讯日报 股票市场概览 港股市场表现 美股市场表现 日股市场表现 | 年 | 2025 | 4 | 月 | 15 | 日 | | --- | --- | --- | --- | --- | --- | | 资讯日报 | | | | | | | 海外市场主要股市上日表现 | | | | | | | | | 升跌（%） | | | --- | --- | --- | --- | | 指数名称 | 收市价 | 单日 | 年内 | | 恒生指数 | 21,417 | 2.40 | 6.77 | | 恒生国企 | 7,966 | 2.11 | 9.27 | | 恒生科技 | 5,015 | 2.34 | 12.24 | | 美国道琼斯 | 40,525 | 0.78 | (4.75) | | 美国标普 500 | 5,406 | 0.79 | (8.09) | | 美国纳斯达克 | 16,831 | 0.64 | (12.84) | | 德国 DAX | 20,955 | 2.85 | 5.25 | | 法国 CAC | 7,273 | 2.37 | (1.46) | | 英国富时 100 | 8,1 ...

关税政策迎来暂缓，美元对人民币或保持稳定 一、国信香港精选基金表现 表 1 国信香港精选基金表现 | 基金名称 | 周涨跌幅 | 十天年化收益率 | 近一年收益率 | 基金净值 | | --- | --- | --- | --- | --- | | 华夏精选美元货币基金 | 0.095% | 4.328% | | 113.1168 | | 泰康开泰美元货币基金 | 0.086% | 3.942% | - | 11.36341 | | 高腾微金美元货币市场基金 | 0.089% | 4.060% | | 11.5051 | | 泰康开泰海外短期债券基金 | -1.197% | | 5.620% | 13.128 | | 华夏精选固定收益配置基金 | -0.884% | | 4.020% | 11.5534 | | | | *因产品成立时间问题,近一年采用场内ETF同期的数据。 货币基金净值日:4月11日;债券型和股票型基金净值日:4月10日。 | | | 国信（香港）基金周报 2025 年 4 月 14 日 数据来源：Bloomberg，数据日期：2025 年 4 月 11 日 国信证券（香港）财富研究部整理 ...

国信证券(香港)·资讯日报 股票市场概览 港股市场表现 美股市场表现 日股市场表现 | 2025 4 | 年 | 月 | 14 | 日 | | | --- | --- | --- | --- | --- | --- | | 资讯日报 | | | | | | | 海外市场主要股市上日表现 | | | | | | | | | | | | 升跌（%） | | 指数名称 | 收市价 | 单日 | 年内 | | --- | --- | --- | --- | | 恒生指数 | 20,915 | 1.13 | 4.26 | | 恒生国企 | 7,802 | 1.74 | 7.02 | | 恒生科技 | 4,900 | 1.80 | 9.68 | | 美国道琼斯 | 40,213 | 1.56 | (5.48) | | 美国标普 500 | 5,363 | 1.81 | (8.81) | | 美国纳斯达克 | 16,724 | 2.06 | (13.39) | | 德国 DAX | 20,374 | (0.92) | 2.34 | | 法国 CAC | 7,105 | (0.30) | (3.74) | | 英国富时 10 ...

国信证券(香港)·资讯日报 股票市场概览 富时新加坡海峡指数一年表现 数据日期：2025 年 4 月 9 日 资料来源：彭博，国信证券（香港）财富研 究部整理 港股市场表现 美股市场表现 日股市场表现 | 2025 | 年 | 4 | 月 | 10 | 日 | | --- | --- | --- | --- | --- | --- | | 资讯日报 | | | | | | | 海外市场主要股市上日表现 | | | | | | | | | 升跌（%） | | | --- | --- | --- | --- | | 指数名称 | 收市价 | 单日 | 年内 | | 恒生指数 | 20,264 | 0.68 | 1.02 | | 恒生国企 | 7,536 | 1.41 | 3.37 | | 恒生科技 | 4,689 | 2.64 | 4.95 | | 美国道琼斯 | 40,608 | 7.87 | (4.55) | | 美国标普 500 | 5,457 | 9.52 | (7.22) | | 美国纳斯达克 | 17,125 | 12.16 | (11.32) | | 德国 DAX | 19,671 | (3.00) ...

港股市场表现 美股市场表现 日股市场表现 2025 年 4 月 9 日 资讯日报 海外市场主要股市上日表现 | | | 升跌（%） | | | --- | --- | --- | --- | | 指数名称 | 收市价 | 单日 | 年内 | | 恒生指数 | 20,128 | 1.51 | 0.34 | | 恒生国企 | 7,431 | 2.31 | 1.93 | | 恒生科技 | 4,568 | 3.79 | 2.24 | | 美国道琼斯 | 37,646 | (0.84) | (11.51) | | 美国标普 500 | 4,983 | (1.57) | (15.28) | | 美国纳斯达克 | 15,268 | (2.15) | (20.94) | | 德国 DAX | 20,280 | 2.48 | 1.86 | | 法国 CAC | 7,100 | 2.50 | (3.80) | | 英国富时 100 | 7,911 | 2.71 | (3.21) | | 日本日经 225 | 33,013 | 6.03 | (17.25) | 国信证券(香港)·资讯日报 景怡, +852 28996747, je ...

Market Performance Overview - The Hang Seng Index closed at 19,828, down 13.22% for the day and 1.15% year-to-date[4] - The Hang Seng China Enterprises Index fell 13.75% in a single day, with a year-to-date decline of 0.37%[4] - The Hang Seng Tech Index experienced a significant drop of 17.16% for the day and 1.49% year-to-date[4] - The Nikkei 225 index in Japan fell 7.83% on April 7, marking a year-to-date decline of 21.95%[4] U.S. Market Reactions - The Dow Jones Industrial Average decreased by 0.91%, while the S&P 500 fell by 0.23%, both marking their third consecutive day of decline[8] - The Nasdaq Composite Index saw a slight increase of 0.10%, ending a two-day drop[8] - The Nasdaq Golden Dragon China Index dropped by 5.12%, with major Chinese stocks like Alibaba and JD.com experiencing declines of 9.06% and 5.13%, respectively[8] Sector-Specific Insights - Major technology and financial stocks in Hong Kong faced heavy losses, with Xiaomi down over 20% and Alibaba down nearly 18%[8] - Agricultural stocks showed resilience, with Tianjin Rice rising nearly 29% amid expectations of reduced imports from the U.S. due to tariffs[8] - In the U.S., Apple shares fell by 3.67% as the company faced supply chain pressures from tariff policies[8] Capital Flow Trends - Southbound capital into Hong Kong stocks continued to see net inflows, totaling 15.373 billion HKD on April 7, with four consecutive trading days of over 10 billion HKD in net purchases since April[8] Economic Outlook - The ongoing tariff disputes are expected to maintain market volatility, with analysts indicating that the lack of clarity in trade policies could prolong market adjustments[11] - The VIX index, a measure of market volatility, surged above 45, indicating heightened investor anxiety amid the tariff impacts[11]

Market Overview - The Hang Seng Index closed at 22,850, down 1.52% for the day and up 13.91% year-to-date[4] - The Hang Seng Tech Index fell 2.09% to 5,313, with a year-to-date increase of 18.92%[4] - The Dow Jones Industrial Average dropped 5.50% to 38,315, down 9.94% year-to-date[4] U.S. Market Impact - The S&P 500 Index decreased by 5.97%, marking a year-to-date decline of 13.73%[4] - The Nasdaq Composite Index fell 5.82%, down 19.28% year-to-date, officially entering a technical bear market[4] - The recent tariff announcements have led to a significant market sell-off, with the S&P 500 losing $5.4 trillion in market value over two days[14] Sector Performance - Major tech stocks saw substantial declines, with Apple down 7.29% and Tesla down 10.42%[10] - Financial stocks led the decline due to concerns over economic slowdown from tariffs, with banks and insurers performing poorly[12] - Water utility stocks rose as price increases in water services continued, benefiting operators in the sector[10] Japanese Market Reaction - The Nikkei 225 Index fell 2.75% to 33,781, reflecting concerns over the impact of U.S. tariffs on Japan's economy[10] - The Japanese stock market recorded its largest weekly decline in five years, with the Nikkei index potentially dropping to 32,000 points[12] Economic Outlook - Morgan Stanley predicts that tariffs could increase Apple's costs by approximately $8.5 billion annually, potentially raising iPhone prices by nearly 44%[15] - The probability of a U.S. recession has been raised to 60% by JPMorgan, reflecting heightened economic concerns due to tariff policies[15]

Group 1: Core Insights - The report highlights the unexpected impact of the reciprocal tariff policy announced by the Trump administration, which imposes a 10% base tariff on 185 countries and regions, with higher rates for major trading partners, reaching up to 49% [7][10] - Following the tariff announcement, China quickly retaliated with a 34% tariff on all imports from the U.S., and other countries like Canada and the EU are preparing similar measures [7][10] - The U.S. stock market experienced significant declines, with major indices recording their largest single-day drops since 2020, indicating heightened market volatility and investor panic [10][11] Group 2: Market Performance - The report provides a detailed performance overview of various global assets, noting that the U.S. dollar index fell by 0.98% year-to-date, while the 2-year and 10-year U.S. Treasury yields decreased by 6.64% and 6.00% respectively [2] - The Hong Kong Hang Seng Index and the U.S. Nasdaq 100 Index saw declines of 2.46% and 9.77% respectively, reflecting a broader trend of falling stock prices across major markets [2][11] - The report indicates that the S&P 500 index typically declines by about 25% during economic recessions, suggesting that the current market cycle may not have reached its low point yet [11] Group 3: Investment Strategy - The report suggests that the impact of the tariff policy may lead to increased volatility, recommending a cautious approach towards global equity assets in the short term [12] - It highlights that the U.S. dollar may be favored as a safe-haven asset, with expectations of delayed interest rate cuts, which could strengthen the dollar against the yuan [12] - Investors are advised to consider U.S. Treasury bonds and bond-related assets, as they are likely to benefit from the current economic climate and the anticipated rise in inflation [12]