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每日投资策略-20251008
Zhao Yin Guo Ji·2025-10-08 02:11

Global Market Overview - The report highlights that major global stock markets experienced mixed performance, with the Hang Seng Index remaining stable at 26,958, while the US markets showed slight declines, particularly the Nasdaq which fell by 0.67% [1][3] - Emerging markets have shown strong recovery this year, with the MSCI Emerging Markets Index up 28%, marking the largest increase since 2009, significantly outperforming the MSCI Developed Markets Index [3] - The report notes a shift in investor sentiment, with funds moving from bond markets to alternative assets like gold, silver, and Bitcoin due to concerns over currency devaluation and high government debt levels [3] Hong Kong Stock Performance - The Hang Seng Financial Index closed at 45,150, reflecting a year-to-date increase of 28.50%, while the Hang Seng Industrial Index rose by 39.85% [2] - The report indicates that the Hang Seng Property Index increased by 21.45%, whereas the Hang Seng Utilities Index saw a slight decline of 0.33% [2] Japanese Market Insights - Japan's stock market surged following the unexpected election of a pro-stimulus leader, with the 10-year government bond yield reaching its highest level since 2008, indicating a potential shift towards more expansive monetary and fiscal policies [3] - The report suggests that this political change may enhance macroeconomic stimulus prospects in Japan [3] US Market Dynamics - The US stock market experienced a pullback, particularly in consumer discretionary and industrial sectors, while utilities and financials showed gains [3] - Notable movements included Oracle's significant decline due to disappointing cloud business margins, while AMD's stock rose following a partnership with OpenAI [3] Commodity Market Trends - Gold prices reached a historic high, closing above $4,000, driven by a weaker dollar and high government debt levels [3] - The report also mentions a surge in cobalt prices due to export control measures from the Democratic Republic of Congo, raising concerns about long-term supply constraints [3]