亚太股市集体杀跌！分析人士：最大的变数可能来自日本

Core Viewpoint - The Asia-Pacific stock market experienced significant declines, driven primarily by anticipated interest rate hikes from the Bank of Japan, which is expected to raise its policy rate from 0.5% to 0.75% during its upcoming meeting on December 18-19 [1][3][4]. Market Performance - On December 16, the MSCI Asia-Pacific index fell by 1%, with the Nikkei index dropping over 1.3% and the KOSPI index declining more than 1.7% [2][7]. - The Hong Kong stock market also faced declines, with the Hang Seng Technology Index falling nearly 1.7% [2][7]. - In the A-share market, all major indices dropped over 1%, with more than 4,500 stocks declining [2][7]. Key Factors - The primary uncertainty in the market is linked to the Bank of Japan's potential interest rate hike, which would mark the first increase above 0.5% since 1995 [3][8]. - Analysts suggest that the anticipated rate hike may not significantly impact the market; however, there are indications that the Hong Kong market's weakness is related to the decline in yen carry trades [3][8]. Broader Market Sentiment - The overall market sentiment is shifting towards a defensive stance, influenced by high valuations in major markets and a recent retreat from AI-driven trading [4][9]. - The Federal Reserve's plans for quantitative easing (QE) could further exacerbate market bubbles if U.S. stocks continue to rise [4][9].