大类资产运行周报：俄美首脑会晤未达成协议，权益资产续涨-20250818

Report Overview - The report is the "Weekly Report on the Operation of Major Asset Classes (20250811 - 20250815)", analyzing the performance of global and domestic major asset classes during the week from August 11th to August 15th, 2025, and providing price outlooks [1][3][6] Global Major Asset Performance Global Stock Market - Global major stock markets generally rose, with the Asia - Pacific region leading in gains and emerging markets outperforming developed markets. The VIX index oscillated at a low level weekly [8] - MSCI Asia - Pacific had a weekly increase of 2.44%, the Shanghai Composite Index rose 1.70%, and the Hang Seng Index increased by 1.65%. In the Americas, IPSA Chile 40 had a weekly increase of 2.57% [11][12] Global Bond Market - Fed officials' statements had significant differences. The 10 - year US Treasury yield rose 6BP to 4.33% weekly, and the bond market oscillated. Globally, high - yield bonds > credit bonds > government bonds [12] - The global bond index had a weekly increase of 0.01%, the global government bond index decreased by 0.05%, and the global credit bond index increased by 0.21% [13] Global Foreign Exchange Market - The US dollar index continued to decline weekly, with a weekly drop of 0.43%. Most major non - US currencies appreciated against the US dollar, and the RMB exchange rate oscillated [14] Global Commodity Market - International precious metal prices declined. Russian oil sanctions expectations cooled, and international oil prices oscillated. Non - ferrous metals and agricultural products had mixed price movements [19] Domestic Major Asset Performance Domestic Stock Market - A - share major broad - based indices generally rose weekly, with the average daily trading volume of the two markets increasing compared to the previous week. The growth style was more prominent. Communication and comprehensive finance led in gains, while banks and steel underperformed. The Shanghai Composite Index had a weekly increase of 1.70% [21] Domestic Bond Market - The bond market declined weekly. The central bank's open - market operations had a net withdrawal of 41.49 billion yuan. Overall, corporate bonds > credit bonds > government bonds [24] Domestic Commodity Market - The domestic commodity market rose weekly. Among major commodity sectors, oilseeds led in gains, while precious metals underperformed. The Nanhua Commodity Index had a weekly increase of 0.52% [25][26] Major Asset Price Outlook - The market is short - term focused on the Jackson Hole Central Bank Symposium. Attention should be paid to whether Fed Chairman Powell's speech releases signals related to monetary policy [3][28]