港股點評 2025年11月18日9:30 a.m 恒指跌 188 點，滬指跌 18 點，標普 500 跌 61 點 恒指低開 130 點，初段跌幅收窄至 40 點高見 26,531 點，午後跌幅擴大至 320 點 低見 26,252 點。全日跌 188 點或 0.7%，收 26,384 點；國指跌 69 點或 0.74%，收 9,328 點；恒生科技指數跌 55 點或 1%，報 5,756 點。大市全日成交總額 2,176.13 億元。 人民銀行 17 日在公開市場開展 2,830 億元人民幣七天期逆回購操作，操作利率 持平於 1.4%。另有 1,199 億元逆回購到期，單日淨投放 1,631 億元。人民幣兌美 元中間價按日上調 9 點，報 7.0816 兌一美元。A 股三大指數低開 0.05%至 0.5% 後反覆下跌。滬指全日收報 3,972 點，跌 18 點或 0.5%，成交額 8,057 億元；深 證成指全日收報 13,202 點，跌 14 點或 0.1%，成交額逾 1.1 萬億元；創業板指全 日收報 3,105 點，跌 6 點或 0.2%，成交額 4,866 億元。 小鵬汽車(09868.HK) (X ...

Core Insights - The report highlights the recent fluctuations in major stock indices, with the Hang Seng Index experiencing a decline of 0.57% to close at 24,231.30, while the H-share index fell by 0.27% to 8,914.03 [2][7] - The report notes that the U.S. labor market added 150,000 jobs in February, slightly below market expectations, with the unemployment rate rising to 4.1% [7][8] - The report indicates that China's foreign exchange reserves decreased slightly to $3,227.2 billion in February, compared to $3,229 billion in January [8][10] Stock Market Overview - The Hang Seng Index and H-share Index both saw declines, with the Hang Seng Index down 0.57% and the H-share Index down 0.27% [2][7] - The report provides a detailed performance summary of various stock indices, including the Dow Jones, S&P 500, and Nikkei 225, with the Dow Jones gaining 0.52% and the S&P 500 up 0.55% [2][7] - The report also highlights sector performance, noting that the non-ferrous metals sector showed strength while sectors like multi-financial and real estate services faced declines [7] Economic Data Summary - The report summarizes key economic indicators, including the U.S. unemployment rate at 4.1% and Eurozone GDP growth at 1.2% year-on-year for Q4 [8][10] - It mentions that China's exports reached a record high of $540 billion in the first two months of the year, with a trade surplus of $170.5 billion [10][9] - The report notes that the Australian gold exports to the U.S. reached a record high of 4.6 billion AUD (approximately 2.9 billion USD) in January [10] Company News - Baidu plans to issue exchangeable bonds totaling up to $2 billion, which can be converted into shares of Ctrip [10] - Dongfeng Group reported a 31.8% decline in vehicle sales in February, with total sales of 109,122 units [10] - GAC Group's vehicle sales in February were 98,721 units, showing a slight increase of 0.3% year-on-year, with new energy vehicle sales up 33% [10]