2026.02.27 本文字数：2634，阅读时长大约4分钟 作者 |第一财经 刘晓洁 北京时间2月26日，三星在其Galaxy Unpacked发布会上，推出了Galaxy S26系列手机，与此同时，谷歌 宣布与三星合作，在S26系列的安卓系统中推出AI功能，可以帮助用户完成订餐、叫车、购物等多步骤 复杂任务。 在当前诸多AI手机助手使用"无障碍权限"作为技术实现路径时，安卓的掌控者——谷歌是否会进一步开 放安卓底层系统权限，来实现手机AI智能体的技术跃进，成为市场的一个猜测。但从谷歌与三星合作 的首款AI手机智能体的形态上，显然谷歌还没有触及安卓权限，而主要依靠Gemini的大模型能力。 新的安卓系统还可以智能识别诈骗。谷歌介绍，借助设备端的Gemini模型，诈骗检测功能现在已直接集 成到Galaxy S26的Samsung Phone应用中，如果在通话过程中检测到潜在的骗局，用户会收到即时的音 频和触觉警报。为了保护隐私，骗局检测分析在设备上进行，并且该功能对联系人中的任何人自动关 闭。 "这些更新是我们定义移动智能新时代的第一步。"布鲁克斯在博客中称，Gemini将很快在谷歌的Pixel 10、Pix ...

| 申万期货品种策略日报——股指 | 2026/2/27 | 星期五 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 申银万国期货研究所 贾婷婷（从业资格号：F3056905；交易咨询号：Z0016232 ）jiatt@sywgqh.com.cn;15921620356 | 申银万国期货研究所 柴玉荣 （从业资格号：F03111639；交易咨询号：Z0018586）chaiyr@sywgqh.com.cn;18802979529 | | | | | | | | | | | 一、股指期货市场 | IF当月 | IF下月 | IF下季 | IF隔季 | | | | | | | | 前两日收盘价 | 4731.40 | 4727.00 | 4696.40 | 4640.20 | 前日收盘价 | 4712.20 | 4706.60 | 4671.20 | 4614.80 | | | 涨跌 | -18.80 | -18.80 | -24.60 | -24.60 | 沪深300 | 涨跌幅 | ...

智通财经2月27日讯（编辑 史正丞）昨夜今晨，随着英伟达在发布全面好于预期的财报后下跌超5%，美股科技板块集体走弱，纳指跌超1%。 | 标的 | 周四涨跌 | | --- | --- | | 上证指数 | -0.01% | | 深ìì | 0.19% | | 创业板指 | -0.29% | | 恒生指数 | -1.44% | | 恒生科技指数 | -2.87% | | 目经225指数 | 0.29% | | 韩国综合指数 | 3.67% | | CDAX | 0.45% | | 法国CAC40指数 | 0.72% | | 英国高时100 | 0.37% | | 纳斯达克指数 | -1.18% | | 标普500指数 | -0.54% | | 道琼斯指数 | 0.03% | 对于市值超过4万亿美元的英伟达而言，周四的下跌也是 去年4月关税冲击后的最大单日跌幅。单日蒸发的2592亿美元市值，已经足以排到历史第7。英伟达 CEO黄仁勋也在周四谈及公司估值低于半导体同行时喊话称：" 市场不可能永远压制我们，因为我们会持续成长、不断壮大。" 在英伟达苦苦挣扎的同时，向英伟达供应存储芯片的三星电子和SK海力士周四均涨超7 ...

2026年2月27日星期五 ➢ 美伊会谈有进展；全球手机市场料萎 缩。A股弱势震荡。上证指数收跌0.01% 报4146.63点，深证成指涨0.19%，创业 板指跌0.29%。算力硬件股集体爆发。 港股单边下跌。香港恒生指数收跌 1.44%报26381.02点，恒生科技指数跌 2.87%，恒生中国企业指数跌2.44%。工 业板块抗跌，科网股全面走低。大市 成交额2592.769亿港元。外盘方面，欧 洲三大股指收盘全线上涨，美国三大 股指收盘涨跌不一，道指涨0.03%报 49499.2 点 ，标 普 500 指数 跌 0.54%报 6908.86点，纳指跌1.18%。美伊日内瓦 会谈取得进展，下周将继续新一轮磋 商。IDC预计全球智能手机市场今年将 大幅萎缩。 | 26381.02 | -1.44 | 2.93 | | --- | --- | --- | | 8814.29 | -2.44 | -1.12 | | 5109.33 | -2.87 | -7.37 | | 118.81 | 1.69 | -3.77 | | 4146.63 | -0.01 | 4.48 | | 14503.79 | 0.19 | 7. ...

编辑|金冥羽陈俊杰杜波校对|许绍航 2月26日，三星召开Galaxy全球新品发布会，交出了开年旗舰答卷——Galaxy S26系列。作为2026年手 机圈的第一波重头戏，三星此次有创新也有"舍弃"：新的内置防偷窥屏、仅给"顶配"上16GB运行内 存、更多的AI功能以及一个关键信号：涨价。 在业内看来，在手机内存及存储芯片价格接连上涨且未见放缓的背景下，2026年智能手机全面涨价已是 必然趋势。至于具体价格是否如业界所传的在1000元至3000元的价位段，目前未有厂家给出回应，仍有 待观察。推出防窥屏和更多AI功能友商：只实现"豆包AI手机"的局部能力 根据起售价，S26标准版预约起售价为6999元/台，S26+预约起售价为7999元/台，超大杯S26Ultra预约起 售价为9999元/台。其中，标准版和+版起售价相比上代上涨了1000元/台，超大杯起售价上涨了300元/ 台。近千元的涨幅引发了不少网友的热议。存储芯片成本持续攀升2026或将成为智能手机"涨价年" 春节后的首个大厂高端旗舰机正式亮相。 2月26日，三星电子正式发布旗下第三代AI手机Galaxy S26系列。从外观上看，据部分已经拿到新机的 测评 ...

资讯日报：美伊日内瓦会谈取得进展 股票市场概览 港股市场表现 美股市场表现 2026 年 2 月 27 日 资讯日报 海外市场主要股市上日表现 | 指数 | 收盘价 | 日常跌 | 間微跌 | 年初至今 湖铁 | | --- | --- | --- | --- | --- | | | | (%) | (%) | | | | | | | (%) | | 恒生指数 | 26.381 | (1.44) | (0.12) | 2.93 | | 恒生科技 | 5.109 | (2.87) | (1.96) | (7.37) | | 恒生国企 | 8.814 | (2.44) | (1.62) | (1.12) | | 上证指数 | 4.147 | (0.01) | 1.58 | 4.48 | | 日经225 | 58.583 | 0.29 | 3.39 | 16.71 | | 新加坡海峡 | 5.008 | (0.87) | (1.06) | 0.00 | | 标普500 | 6.946 | (0.54) | (0.01) | 0.93 | | 纳斯达克 | 23.152 | (1.18) | (0.03) | (1. ...

当 AI 开始寻找自己的形状，有些选择出人意料。 两家公司共同展示了 S26 搭载的全新 Gemini 智能体能力：口头吩咐一句话，Gemini 就能在 Uber 帮你打车，或者 DoorDash 上点外卖。 图源：Android Central 这个功能目前还处于早期预览阶段，仅在美国和韩国提供。 你可以理解为，Google 和三星一起联手，做了一个全球版的「豆包手机」（准确来说叫豆包手机助手）。Galaxy S26 系列只是开始，这些能力后 续会推送到 Google Pixel 10 手机，以及更多 Android 17 设备上。 AI 在智能手机上生出了一颗独立按键，似乎让智能手机找回了久违的进化动力。眼镜凭借着视觉和听觉的天然入口，隐隐有了下一代个人终端的 影子。一些小而专注的设备，在某些瞬间似乎比 All in one 的设备更为可靠。与此同时，那些寄望一次性替代手机的激进尝试，却遭遇了现实的冷 遇。 技术的落地，从来不只是功能的堆叠，更关乎人的习惯、场景的契合，以及对「好用」的重新定义。 爱范儿推出「AI 器物志」栏目，想和你一起观察：AI 如何改变硬件设计，如何重塑人机交互，以及更重要的——AI ...

为促进外汇市场发展，支持企业管理好汇率风险，中国人民银行决定自2026年3月2日起，将远期售汇业 务的外汇风险准备金率从20%下调至0。下一步，中国人民银行将继续引导金融机构优化对企业汇率避 险服务，保持人民币汇率在合理均衡水平上的基本稳定。(中国人民银行) 开年A股并购重组逾500起 硬科技赛道活跃度居前 2026年，A股并购重组市场延续高景气态势，呈现量质齐升、政策红利集中释放、产业筑基、控制权变 更活跃等特征，成为推动上市公司高质量发展和培育新质生产力的关键路径。截至2月25日，上市公司 年初以来首次披露的并购重组交易达507起，同比增加33起；合计金额约1300亿元。其中，重大资产重 组案例20起，与去年同期持平，交易规模整体保持稳健。硬科技领域持续成为并购重组主战场，市场结 构不断优化。分板块看，主板并购数量仍占主导，占比58.3%，但同比下降超7个百分点，体现传统行 业并购从规模扩张向精益整合转型；双创板块（创业板+科创板）占比提升至近38.9%，同比增加7个百 分点，半导体、人工智能、生物医药等硬科技细分领域活跃度突出；北交所占比2.77%，以"专精特 新"定位提供差异化补充。（人民财讯） 20 ...

Report Summary 1. Investment Ratings The report does not provide an overall industry investment rating. 2. Core Views - **Macro Outlook**: China's post - holiday market is active with increased trading volume and risk appetite. The A - share market is expected to see better performance from IC than IH. The bond market has limited short - term odds and should be traded with a band strategy. Global economic factors such as US - China trade talks, exchange rate fluctuations, and geopolitical events impact the market. The smartphone and automotive industries face challenges, while the real estate market shows signs of recovery in some areas [7][14][15]. - **Commodity Markets**: Different commodities have different trends. For example, steel and iron ore are expected to oscillate, and the future of these markets depends on demand. Some commodities like lithium carbonate are expected to be bullish in the short - term, while others like沪锌 and沪铅 may continue to be under pressure [16][25][29]. 3. Summary by Category **Macro News** - **Trade and Policy**: The sixth round of China - US economic and trade consultations is upcoming. The central bank supports cross - border RMB inter - bank financing. The RMB has appreciated rapidly against the US dollar [7]. - **Resource and Energy**: Zimbabwe bans the export of raw minerals and lithium concentrates, which impacts the lithium market. The third - round of indirect talks between Iran and the US ends, with significant differences remaining [7][8]. - **Financial and Market**: Compensation for investors affected by the valuation adjustment of Guotou Silver LOF starts. IDC predicts a 12.9% year - on - year decline in global smartphone shipments in 2026. Multiple smartphone brands plan price adjustments. The Chinese brand passenger vehicle sales decline in January 2026. The real estate market in some areas shows signs of recovery [8][9]. **Macro Finance** - **Stock Index Futures**: After the holiday, the A - share market is active. It is expected that IC will perform better than IH due to different sector performances and increased risk appetite [14]. - **Treasury Bond Futures**: The bond market is weak after the "Shanghai Seven" policy for the property market. Without interest - rate cut expectations, it is difficult for bond yields to decline further. Attention should be paid to the government's monetary and fiscal policies [15]. **Black Metals** - **Steel and Iron Ore**: The current supply - demand contradiction is limited, and there is unlikely to be a large price change. The future market depends on the start of steel demand. Iron ore supply is abundant [16]. - **Coking Coal and Coke**: Prices are expected to oscillate weakly in the short - term, and attention should be paid to the resumption of coal mines and downstream demand [19]. - **Ferroalloys**: For manganese silicon, it is not recommended to chase long positions after a large increase. Silicon iron long positions are recommended. Attention should be paid to the start - up of semi - coke plants [20]. - **Soda Ash and Glass**: Currently, it is advisable to wait and see. For soda ash, focus on the supply stability of leading enterprises and new production capacity. For glass, pay attention to the actual changes in production lines and demand [21]. **Non - ferrous Metals and New Materials** - **Copper**: In the short - term, copper prices will oscillate due to unstable macro - environment and inventory accumulation. In the long - term, tight raw material supply supports prices [23]. - **Zinc**: Domestic zinc inventories are increasing, and previous short positions should be held [25]. - **Lead**: Social lead inventories are at a 5 - month high. Previous short positions can be held, but lead consumption may improve in March [27]. - **Lithium Carbonate**: In the short - term, it is expected to be bullish due to increased demand and supply disruptions. Attention should be paid to buying opportunities on pull - backs [29]. - **Industrial Silicon and Polysilicon**: Industrial silicon will oscillate, and polysilicon will have a wide - range oscillation. Caution is advised in operation [31]. **Agricultural Products** - **Cotton**: Domestically, it is expected to be bullish, and low - buying and rolling operations are recommended. Attention should be paid to the demand after the holiday and international factors [34]. - **Sugar**: There is a short - term supply surplus, but the domestic sugar price may rebound due to restocking demand. It is in a low - level oscillation [35]. - **Eggs**: In the short - term, the spot price is weak, and the futures price will oscillate. Attention should be paid to inventory reduction and old - hen culling [37]. - **Apples**: High - quality apple prices will remain stable, and the overall price will oscillate in a range [38]. - **Corn**: The futures price will oscillate, and attention should be paid to the upper pressure. After the holiday, corn trading has not fully recovered, and there are supply pressures [39]. - **Jujubes**: Currently, the price is expected to oscillate weakly. Attention should be paid to the sales in the sales area and the mentality of buyers [40]. - **Hogs**: After the holiday, the market has a supply - demand imbalance with more supply. It is not recommended to short near - month futures contracts [41]. **Energy and Chemicals** - **Crude Oil**: The market is in a game between geopolitical risks and fundamental oversupply. The upside space is limited [43]. - **Fuel Oil**: The supply - demand situation has marginally improved, and the short - term focus is on the impact of oil prices dominated by geopolitics [44]. - **Plastics**: Polyolefins have large supply pressure but are slightly supported by rising raw material prices. An oscillating and weakening trend is expected [45]. - **Rubber**: In March, the downstream export orders are good, and there is support at the cost side. Caution is advised when chasing long positions [46]. - **Synthetic Rubber**: There is still room for decline in the short - term. Attention should be paid to the changes in butadiene and downstream devices [47]. - **Methanol**: The current supply - demand situation has slightly improved, but there may be a price correction. Attention should be paid to port inventory and Iranian supply [48]. - **Caustic Soda**: The futures price is expected to oscillate weakly. Attention should be paid to the recovery of demand and the impact of warehouse receipts [49]. - **Asphalt**: It follows oil price fluctuations, and attention should be paid to restocking demand after winter storage in March [51]. - **PVC**: In the short - term, it may be bullish, but the long - term supply - demand contradiction remains. Caution is advised [52]. - **Polyester Industry Chain**: In the short - term, the supply - demand situation is under pressure, and prices follow oil price fluctuations. Consider long - short spreads for PX and PTA 5 - 9 contracts [53]. - **Liquefied Petroleum Gas**: In the absence of further geopolitical escalation, the main contract is expected to be bearish [54]. - **Pulp**: The port inventory is at a new high, and the market sentiment has declined. Attention should be paid to inventory changes and price increases of finished products [56]. - **Logs**: The forward spot price is supported by cost, and attention should be paid to the impact of new delivery rules and market sentiment [57]. - **Urea**: The futures price is expected to oscillate bearishly. Attention should be paid to the difference between agricultural and industrial demand [57].

智通财经2月27日讯（编辑 史正丞）昨夜今晨，随着英伟达在发布全面好于预期的财报后下跌超5%， 美股科技板块集体走弱，纳指跌超1%。 | 标的 | 周四涨跌 | | --- | --- | | 上证指数 | -0.01% | | 深通成指 | 0.19% | | 创业板指 | -0.29% | | 恒生指数 | -1.44% | | 恒生科技指数 | -2.87% | | 日经225指数 | 0.29% | | 韩国综合指数 | 3.67% | | CDAX | 0.45% | | 法国CAC40指数 | 0.72% | | 英国直时100 | 0.37% | | 纳斯达克指数 | -1.18% | | 标普500指数 | -0.54% | | 道琼斯指数 | 0.03% | 对于市值超过4万亿的英伟达而言，周四的下跌也是去年4月关税冲击后的最大单日跌幅。单日蒸发的 2592亿美元市值，已经足以排到历史第7。英伟达CEO黄仁勋也在周四谈及公司估值低于半导体同行时 喊话称："市场不可能永远压制我们，因为我们会持续成长、不断壮大。" 在英伟达苦苦挣扎的同时，向英伟达供应存储芯片的三星电子和SK海力士周四均涨超7% ...