Group 1 - The Istanbul Stock Exchange National 100 Index rose by 1.12% to 9404.89 points on June 27, following a period of low volatility since the plunge on March 18, with a cumulative increase of 2.19% for the week [1] - The Istanbul Stock Exchange Banking Index increased by 2.59% to 14017.40 points, with a cumulative rise of 7.43% for the week [1]

Market Overview - As of June 23, the Shanghai Composite Index rose by 0.65% to 3381.58 points, while the Shenzhen Component Index increased by 0.43% to 10048.39 points, and the ChiNext Index gained 0.39% to 2017.63 points [1][2]. Stock Performance - Over 4400 stocks in the market experienced gains, indicating a bullish sentiment overall [4]. - The cross-border payment sector saw significant strength, with stocks like Youbuxun and Sifang Chuangxin hitting the daily limit up of 20%, while others like Shenzhou Information and Jida Zhengyuan also reached the limit up [5]. - The port and shipping sector performed strongly, with stocks such as Ningbo Shipping and Ningbo Ocean hitting the daily limit up [6]. - Oil and gas stocks were active, with Huai Oil shares hitting the daily limit up, and others like Beiken Energy and Tongyuan Petroleum rising by 7% [7]. Capital Flow - Main capital inflows were observed in sectors such as electronics, electrical equipment, basic chemicals, and computers, while outflows were noted in food and beverage, public utilities, and steel sectors [9]. - Specific stocks that saw net inflows included Tianyuan Dike with 626 million yuan, Rongfa Nuclear Power with 477 million yuan, and Zhongyida with 356 million yuan [10]. - Conversely, stocks like Tianfu Communication, Xinyi Sheng, and Zhongji Xuchuang faced net outflows of 678 million yuan, 581 million yuan, and 497 million yuan respectively [11]. Institutional Insights - CITIC Securities noted that the external environment remains turbulent, leading to high market rotation and a preference for certainty. They suggest focusing on sectors with potential earnings surprises and those at low levels, particularly in consumer electronics and semiconductor materials [13]. - Everbright Securities indicated that the A-share market is currently in a range-bound pattern, which is expected to continue, along with a likely continuation of the rotation of market hotspots [13].

Group 1 - The Tel Aviv stock market experienced a decline in early trading but later rebounded, with major indices showing an increase of 0.1% [1]

Group 1 - The Japanese yen has appreciated against the US dollar by 0.4% [1] - The Nikkei 225 index has declined by 0.7% [1] Group 2 - Reports indicate that the Israeli Defense Ministry conducted an attack on Iran on Friday morning [1]

（文章来源：新华财经） 美国就业咨询机构查林杰－格雷－克里斯马斯公司（Challenger, Gray & Christmas, Inc.）当日盘前发布 的数据显示，美国雇主5月裁员人数为9.38万人，低于4月份的10.5万人 由于美国就业市场显现出一定的疲软迹象，市场聚焦于将于6日公布的美国5月份非农就业数据。市场预 期，美国5月份新增12.5万个就业岗位，环比减少5.2万个。 当日美国总统特朗普与特斯拉公司CEO马斯克在社交媒体上就"大而美法案"等相互攻击并相互威胁，两 人关系恶化引发市场对相关公司业绩的担忧。 个股方面，由于马斯克与特朗普当日在社交媒体上相互攻击，特斯拉股价当日暴跌，跌幅一度超过 17%，收盘时下跌14.26%。特朗普媒体集团股价当日则下跌8.04%。 新华财经纽约6月5日电（记者刘亚南）由于投资者在美国发布非农就业数据前保持谨慎和当日就业数据 及权重股下跌拖累，纽约股市三大股指5日高开低走，早盘一度明显走高，随后震荡回落，收盘时纽约 股市三大股指均下跌。 截至当天收盘，道琼斯工业平均指数比前一交易日下跌108.00点，收于42319.74点，跌幅为0.25%；标 准普尔500种股票指数 ...

新华财经纽约5月29日电（记者刘亚南） 美国国际贸易法院关于关税措施的裁决提振市场信心，加之英 伟达股价上涨，纽约股市三大股指29日整体高开，盘中震荡走低，但尾盘仍小幅收涨。 截至当天收盘，道琼斯工业平均指数比前一交易日上涨117.03点，收于42215.73点，涨幅为0.28%；标 准普尔500种股票指数上涨23.62点，收于5912.17点，涨幅为0.40%；纳斯达克综合指数上涨74.93点，收 于19175.87点，涨幅为0.39%。 板块方面，标普500指数十一大板块十涨一跌。房地产板块和医疗板块分别以0.95%和0.74%涨幅领涨， 通信服务板块下跌0.35%。 位于纽约的美国国际贸易法院28日晚些时候裁定现政府一揽子关税政策违法，下令撤销其依据《国际紧 急经济权力法》推动的关税措施。 特朗普政府早些时候向该上诉法院表示，如果禁止关税执行的裁决不能被迅速暂停，政府将最早于30日 向最高法院寻求紧急帮助。 市场研究机构蓝筹每日趋势报告创始人拉里·坦塔雷利（Larry Tentarelli）表示，整体上，市场不喜欢不 确定性，后者让企业难以做出预测。预计关税消息周期将是一个较长的过程，可能带来更多的短期 ...

宏观经济 | 证券研究报告 — 总量周报 2025 年 5 月 18 日 周度金融市场跟踪 本周全球股市普遍上涨，债市收益率震荡上行 （ 5 月 12 日 -5 月 16 日） chenxi.li@bocichina.com 证券投资咨询业务证书编号：S1300525010002 中银国际证券股份有限公司 具备证券投资咨询业务资格 宏观经济 证券分析师：郭军 (8610)66229081 jun.guo@bocichina.com 证券投资咨询业务证书编号：S1300519070001 证券分析师：李晨希 ◼ 股票方面， 本周受中美谈判顺利影响，A 股整体呈现上涨，但大小盘股日内走势有 所分化。全周累计看，沪深 300 上涨 1.1%、中证 1000 下跌 0.2%、中证 2000 上涨 1.0%，这是连续第 5 周上涨。港股恒生指数上涨 2.1%，恒生科技指数上涨 2.0%。行 业方面，本周 31 个一级行业指数 20 个收涨，9 个收跌。美容护理、非银金融和汽车 领涨；计算机和国防军工领跌。周内看，周一（5 月 12 日）凌晨新华社发布新闻中美 经贸高层会谈取得了实质性进展，达成了重要共识。当天市场超 4 ...

Group 1 - Huawei is set to launch the HarmonyOS foldable laptop during the nova 14 series and HarmonyOS computer product launch event on May 19 [1] - The China Real Estate Association will hold the "Establishment Conference of the Business Travel Branch of the China Real Estate Association and the 2025 Commercial Real Estate Development Conference" in Beijing on June 12 [2] - Following the mutual tariff reductions between the US and China, container shipping bookings from China to the US have surged nearly 300% [3] Group 2 - As of the midday close, the Shanghai Composite Index fell by 0.42%, the Shenzhen Component Index dropped by 1.12%, and the ChiNext Index decreased by 1.35%. The Hang Seng Index declined by 0.25%, while the Hang Seng Tech Index fell by 0.62% [4]

Group 1 - European stock markets have retreated after four consecutive days of gains, with the German DAX index showing a short-seller sentiment close to 80% [1] - Gold prices have dropped significantly, approaching the $3150 mark, while bullish sentiment remains high for several consecutive days [1] Group 2 - The Hong Kong Hang Seng Index shows a bullish sentiment of 42% and bearish sentiment of 58% [3] - The S&P 500 Index has a bullish sentiment of 27% and bearish sentiment of 73% [3] - The Nasdaq Index has a strong bullish sentiment of 82% and a bearish sentiment of 18% [3] - The Dow Jones Index shows a bullish sentiment of 62% and bearish sentiment of 38% [3] - The Nikkei 225 Index has a bullish sentiment of 70% and bearish sentiment of 30% [3] - The German DAX 40 Index shows a bullish sentiment of 24% and bearish sentiment of 76% [3] Group 3 - The Euro/USD pair has a bullish sentiment of 33% and bearish sentiment of 67% [3] - The Euro/GBP pair shows a bullish sentiment of 80% and bearish sentiment of 20% [3] - The Euro/JPY pair has a bullish sentiment of 32% and bearish sentiment of 68% [3] - The Euro/AUD pair shows a bullish sentiment of 36% and bearish sentiment of 64% [3] - The GBP/USD pair has a bullish sentiment of 22% and bearish sentiment of 78% [3] - The GBP/JPY pair shows a bullish sentiment of 30% and bearish sentiment of 70% [3] - The USD/JPY pair has a bullish sentiment of 62% and bearish sentiment of 38% [3] - The USD/CAD pair shows a bullish sentiment of 59% and bearish sentiment of 41% [3] - The USD/CHF pair has a bullish sentiment of 85% and bearish sentiment of 15% [3] Group 4 - The AUD/USD pair has a bullish sentiment of 32% and bearish sentiment of 68% [4] - The AUD/JPY pair shows a balanced sentiment with 53% bullish and 47% bearish [4] - The CAD/JPY pair has a bullish sentiment of 59% and bearish sentiment of 41% [4] - The NZD/USD pair shows a bullish sentiment of 59% and bearish sentiment of 41% [4] - The NZD/JPY pair has a bearish sentiment of 35% and bullish sentiment of 65% [4] - The USD/offshore RMB pair shows a strong bearish sentiment of 20% and bullish sentiment of 80% [4]

Group 1 - The Saudi stock market index closed down 0.64% at 11,671.58 points, with a cumulative decline of 2.94% in April [1] - Saudi Aramco shares fell 1.17% to 25.35 SAR, with a total drop of 5.23% in April, reaching a low of 24.60 SAR on April 7 [1] - The Albilad Southern Eastern MSCI Hong Kong China Stock ETF listed in Saudi Arabia rose 0.39% to 10.23 SAR, but experienced a cumulative decline of 3.40% in April, hitting a low of 8.83 SAR on April 8 [1] Group 2 - The Qatar stock exchange index increased by 2.22% after a significant drop at the beginning of the month, showing a trend of upward movement [1] - The Kuwait stock exchange's price return index decreased by 0.84% [1] - The EGX 30 index of the Egyptian stock exchange rose by 0.99% [1] Group 3 - The Dubai Financial Market Composite Index increased by 3.81% [2] - The Abu Dhabi Securities Market Composite Index rose by 2.14% [2]