海外高频 | 开年行情港股大涨（申万宏观·赵伟团队）

Group 1: Major Asset Performance - The Hang Seng Index and other major indices saw mixed performance, with the Hang Seng Index rising by 2.0% and the DAX increasing by 0.7%, while the NASDAQ and S&P 500 fell by 1.5% and 1.0% respectively [2][8] - In the US, the S&P 500 sectors mostly declined, with energy and utilities up by 3.3% and 0.9%, while consumer discretionary and information technology fell by 3.2% and 1.5% [8] - Emerging market indices showed positive trends, with the Korean Composite Index rising by 4.4% and the Ho Chi Minh Index by 3.2% [2] Group 2: Bond Yields and Currency Movements - Developed countries' 10-year bond yields mostly increased, with the US yield rising by 5.0 basis points to 4.19% [19] - Emerging market 10-year bond yields also saw increases, particularly in Turkey, which rose by 133.0 basis points to 29.06% [22] - The US dollar index increased by 0.4% to 98.46, while other currencies depreciated against the dollar, including the euro and the British pound [25][35] Group 3: Commodity Prices - Commodity prices showed mixed results, with WTI crude oil rising by 1.0% to $57.3 per barrel, while gold and silver prices fell significantly, with gold down by 5.0% to $4317.8 per ounce and silver down by 10.3% to $70.7 per ounce [40][46] - The prices of base metals increased, with LME copper rising by 2.4% to $12510 per ton and LME aluminum by 1.8% to $3010 per ton [46] Group 4: Geopolitical Events and Economic Policies - The US military conducted airstrikes in Venezuela, escalating tensions in the region, as part of a broader strategy against the Maduro regime [56] - Japan's government announced a record-high budget for the fiscal year 2026, totaling 122.3 trillion yen, marking a 6.3% increase from the previous year [61] - The US postponed tariff increases on furniture and semiconductor imports, maintaining the current 25% tariff rate for an additional year [66]