周五全球航空股下跌，以色列对伊朗各地发动空袭，迫使中东多个国家关闭领空，禁止商业航班飞行。 航空业是欧洲表现最差的行业， 法航-荷航、德国汉莎航空和英国航空公司母公司IAG SA下滑超过 3%。折扣航空公司瑞安航空，EasyJet和Wizz Air也出现了类似的跌幅。在亚洲，日本航空下跌了 3.7%，全日空下跌2.8%。波斯湾地区唯一交易的航空股阿拉伯半岛航空周五一度下跌10%，创下全球金 融危机以来的最大跌幅。土耳其航空在伊斯坦布尔一度下跌7%，而廉价航空公司Pegasus下跌了6.4%。 美股航空股亦下跌，美国航空、美联航跌约5%。 ...

Group 1 - Lufthansa will continue to suspend the use of airspace affected by certain countries until further notice [1]

荷兰皇家航空公司（KLM）至少暂停特拉维夫的航班至7月1日。 ...

据央视新闻报道，以色列航空公司当地时间13日上午宣布，已根据以色列机场管理局的建议，开始从特 拉维夫本-古里安国际机场撤离旗下飞机。该公司表示，此举是根据最新的形势评估做出的决定。根据 评估，预计本-古里安国际机场将在即将到来的周末继续关闭，禁止航班起降。据报道，以色列航空和 海法航空等航司将把飞机撤离至欧洲机场。 ...

俄罗斯航空：宣布取消莫斯科与德黑兰之间的航班，并对中东地区的其他航线进行了调整。 ...

固 定 收 益 周四美国国债大涨，PPI 数据不及 预期，强劲的 30 年期国债标售，和 中东地区的地缘紧张局势，推动美 国国债上涨。亚洲债券市场呈现双 向交投，卖盘压力至债券利差走宽 2-3 个基点。 环球市场动态 全 球 贸 易 形 势 日 趋 复 杂 股 票 A 股周四小幅震荡，酒类板块低迷； 港股受全球市场情绪影响表现不 佳，医药板块继续获抱团；欧洲股 市表现疲软，中东局势升温令市场 担忧；美股小幅收高，PPI 数据低 于预期得到市场积极反映，金龙中 国指数下跌。 外 汇 / 商 品 以色列袭击伊朗，其官员证实袭击 目标是伊朗核设施，中东紧张局势 升温，今早亚洲时段原油期货曾大 涨超 8%、现货金涨超 1%、美元指 数微涨。 产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 2025 年 6 月 13 日 123 ▪ 在全球贸易形势日趋复杂的背景下，出口企业商业模式在贸易规则制约下不断调整，理解贸易制度成为投资判 断的重要前提。从权力划分来看，美国贸易政策体系涵盖立法、执行与监督三个环节，总统在贸易政策上拥有 较大的裁量权。从执行体系来看， ...

Core Insights - The article highlights the increasing popularity of Yancheng, Jiangsu, as a golf destination for South Koreans, driven by its affordability and high value for money [6][7][18]. Group 1: Golf Tourism - Yancheng's Shuyang Island golf course received 3,700 South Korean visitors in the first quarter, which is significant compared to the average of 5,000 visitors for many domestic golf clubs [6]. - The cost of a golf trip to Yancheng, including flights and expenses, is under 10,000 yuan, making it an attractive option for South Koreans [3]. - The golf course features 18 greens and is designed to provide a challenging experience even for professional players, enhancing its appeal [20][22]. Group 2: Accessibility and Connectivity - There are two direct flights weekly from Seoul to Yancheng, taking only two hours, making it more convenient than traveling within South Korea [10]. - The presence of Korean language signage and cultural familiarity contributes to a welcoming environment for South Korean tourists [15][12]. Group 3: Economic and Cultural Ties - Yancheng has established friendly relations with 12 South Korean cities since the 1990s, leading to significant Korean investment exceeding 10 billion USD [14]. - The establishment of the China-Korea (Yancheng) Industrial Park in 2017 further solidified economic cooperation and trade between the two regions [14]. - The influx of South Koreans has created a vibrant community, with over 1,000 Korean enterprises and more than 10,000 Korean residents in Yancheng [14]. Group 4: Consumer Behavior - South Korean middle-class consumers are seeking affordable alternatives for leisure activities, which has led them to explore destinations like Yancheng [25][27]. - The desire for a balance between familiar comforts and new experiences drives South Koreans to travel to China, where they can find better value for their entertainment needs [28].

据央视新闻6月12日消息，印度媒体援引艾哈迈达巴德机场发言人消息，受坠机事件影响，艾哈迈达巴德机场目前暂停运营。所有航班暂停运行，直至另行 通知。 总台记者获悉，一架客机12日在印度古吉拉特邦艾哈迈达巴德机场坠毁，机场上空冒起浓烟，目前伤亡情况不明。据悉，这架客机从机场起飞后几分钟便坠 入机场附近居民区。 印度航空随后发表声明证实，该公司一架计划从艾哈迈达巴德机场起飞前往伦敦的客机，当日在古吉拉特邦艾哈迈达巴德机场附近坠毁，航班号为AI-171。 另据印度亚洲新闻社援引印度民航总局通报称，机上载有242人。 据CCTV国际时讯援引印度媒体报道，印度航空公司客机坠毁已造成至少110人遇难。 印度客机坠毁事故发生在刚起飞后不久，飞机还在爬升阶段就坠落，油箱里装满了油，坠落后现场浓烟滚滚。 坠机现场画面图片 来源：央视新闻视频截图 据新华社，印度航空公司12日证实，当天在古吉拉特邦艾哈迈达巴德机场附近坠毁的客机载有242人，其中包括169名印度公民，53名英国公民，1名加拿大 公民和7名葡萄牙公民。 每经编辑｜张锦河 印度航空公司发表声明说："今天(2025年6月12日)，执飞从（印度古吉拉特邦）艾哈迈达巴德机场飞 ...

Group 1 - The Chinese Ministry of Foreign Affairs emphasized the importance of the recent China-US economic and trade consultation meeting, highlighting that both sides reached a consensus on implementing the key agreements from the June 5 call between the two heads of state [1] - The People's Bank of China and the State Administration of Foreign Exchange announced measures to support the construction of a multi-level financial market across the Taiwan Strait, encouraging quality Taiwanese enterprises in Fujian to list in mainland China [2] - The National Development and Reform Commission stated that reforms in financial markets will support eligible companies listed on the Hong Kong Stock Exchange to issue depositary receipts on the Shenzhen Stock Exchange [2] Group 2 - Major Chinese automotive companies, including FAW, Dongfeng, and GAC, committed to a payment term of no more than 60 days, which is seen as a positive step for the sustainable development of the automotive industry [3] - The Hangzhou government issued regulations to enhance the management of intelligent connected vehicles, aiming to promote the development of the entire industry chain [3] Group 3 - Ant International announced plans to apply for a stablecoin license in Hong Kong and Singapore, expressing its commitment to contribute to Hong Kong's development as an international financial center [4]

Group 1 - Airbus predicts that the global commercial aircraft fleet will double to nearly 50,000 aircraft over the next 20 years, increasing from 24,480 to 49,210 by 2044 [1] - The primary growth driver is expected to be single-aisle aircraft, such as the Airbus A320 series and Boeing 737, which are the backbone of airline fleets [1] - Global passenger traffic is projected to grow steadily at an average annual rate of 3.6%, with the Middle East identified as another key growth driver [2] Group 2 - India is expected to lead as the fastest-growing market for aviation over the next 20 years, with China anticipated to become the largest aviation market in terms of capacity [3] - India is currently the third-largest domestic aviation market, driven by a population exceeding 1.4 billion and a rapidly expanding middle class [3] - Air India has ordered 570 aircraft since 2023, while low-cost carrier IndiGo has placed orders for over 900 aircraft, including a recent expansion of 60 A350 wide-body aircraft [3] Group 3 - Despite global trade tensions, Airbus has raised its 20-year demand forecast for jetliners [4] - Airbus Commercial Aircraft CEO Christian Scherer stated that there has been no fundamental shift in customer demand, except for the U.S. domestic market [5] - Trade tensions, particularly due to tariffs, pose challenges for the aviation industry, potentially disrupting the cross-border flow of aircraft and parts, impacting production and delivery schedules [6] Group 4 - Supply chain issues remain a significant challenge for Airbus, with some key component shortages still affecting delivery timelines [6] - For instance, the shortage of engines from CFM International has impacted A320neo deliveries, while the flagship A350 has faced delays due to a shortage of toilet components [6]