股票市场概览 港股市场表现 美股市场表现 2025 年 12 月 11 日 资讯日报 海外市场主要股市上日表现 | 指数 | 收盘价 | 日常的 | 居居民 | 年初至今 | | --- | --- | --- | --- | --- | | | | (%) | (%) | 消费 | | | | | | (%) | | 宿生指数 | 25,541 | 0.42 | (2.09) | 27.32 | | 恒生科技 | 5,581 | 0.48 | (1.44) | 24.91 | | 恒年国企 | 8.955 | 0.20 | (2.65) | 22.84 | | ┣证指数 | 3.900 | (0.23) | (0.06) | 16.37 | | 目经225 | 50.603 | (0.10) | 0.22 | 26.84 | | 新加坡海峡 | 4.512 | (0.03) | (0.43) | 0.00 | | 标普500 | 6,887 | 0.67 | 0.24 | 17.09 | | 纳斯达克 | 23.654 | 0.33 | 0.32 | 22.49 | | 道原町 V | 48.058 | 1 ...

具体来看： 盘面上，午后权重科技股多数拉升转涨助力大市反弹；受市场利好传闻影响，内房股午后直线拉升上扬，万科企业一马当先，大幅收涨超13%；美联储决议 前贵金属强势，白银大涨创历史新高，黄金等有色金属股全天活跃；重型机械股、餐饮股、家电股、煤炭股多数上涨。另一方面，消费电子概念股走低，权 重思摩尔国际跌超7%刷新阶段新低，海运股大幅下跌，光伏股、石油股、航空股大部分表现低迷。此外，今日两只新股上市，宝济药业-B首日上市涨 138.82%，图达通首日上市涨33%。 | 行业热门窗 × | 英流收开 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 汽车 | 地产发展商 +0.63% | 黄金及贵金属 +2.28% | 服装 +0.12% | 画示 | | | 银行 -0.25% | 线上零售商 +1.32% | 电讯服务 -0.61% | -0.21% | | | | | | | | | | | | 证券及经纪 | 其他金融 | 非酒精饮料 -0.36% | | | | | | 能源储存装置 | 生 ...

港股港口及海运股大幅走低，其中，太平洋航运跌超7%表现最弱，东方海外国际跌4.6%，中远海能跌 2.67%，中国外运、中远海控、招商局港口、中远海发皆下跌。 有分析称，波罗的海干散货运价指数（BDI）跌至近两周低位，主要反映了近期全球大宗商品海运需求 出现短期波动或走弱。BDI是干散货航运公司即期运费收入的晴雨表。指数下跌意味着船东在当前市场 上收取的运费减少，直接削弱了市场对公司未来季度盈利能力的预期。 | 代码 | 名称 | 最新价 | 涨跌幅 へ | | --- | --- | --- | --- | | 02343 | 太平洋航运 | 2.450 | -7.20% | | 00316 | 东方海外国际 | 127.200 | -4.65% | | 01138 | 中远海能 | 9.130 | -2.67% | | 00598 | 中国外运 | 5.110 | -1.92% | | 01919 | 中远海控 | 13.670 | -1.37% | | 00144 | 招商局港口 | 15.760 | -1.13% | | 02866 | 中远海发 | 1.110 | -0.89% | 消息上，波罗的海干 ...

港股港口及海运股普遍上涨，其中，中远海能涨超5%，中远海运港口、中国船舶租赁涨2.5%，招商局 港口、中远海控、东方海外国际、中远海发、海丰国际跟涨。 ...

Core Viewpoint - The Hong Kong port and shipping stocks experienced a general increase, driven by a rise in the European shipping index, indicating a potential recovery in demand and a shift in market sentiment towards optimism in the shipping industry [1]. Group 1: Market Performance - Cosco Shipping Energy rose over 5%, while Cosco Shipping Ports and China Ship Leasing increased by 2.5% [1]. - Other companies such as China Merchants Port, Cosco Shipping Holdings, Orient Overseas International, Cosco Shipping Development, and Seaspan Corporation also saw gains [1]. Group 2: Shipping Index and Market Sentiment - The European shipping index futures rose by 5%, reaching 1521.80 yuan, which is viewed as a positive short-term signal for shipping stocks [1]. - Analysts suggest that the increase in European freight rates may indicate a recovery in market demand, possibly due to inventory replenishment cycles or renewed supply chain tensions [1]. - This shift in perception may alter the previously pessimistic view of the industry characterized by oversupply, moving towards a more optimistic outlook [1].

Core Viewpoint - The Hong Kong port and shipping stocks experienced a general increase, driven by a rise in the European shipping index, indicating a potential recovery in demand and a shift in market sentiment towards optimism in the industry [1]. Group 1: Stock Performance - COSCO Shipping Energy (中远海能) rose over 5%, closing at 10.890 with a market capitalization of 59.516 billion [2]. - COSCO Shipping Ports (中远海运港口) increased by 2.5%, closing at 5.740 with a market capitalization of 227.3 billion [2]. - China Ship Leasing (中国船舶租赁) saw a rise of 2.4%, closing at 2.130 with a market capitalization of 13.204 billion [2]. - China Merchants Port (招商局港口) increased by 2.04%, closing at 15.990 with a market capitalization of 671.26 billion [2]. - COSCO Shipping Holdings (中远海控) rose by 1.43%, closing at 13.440 with a market capitalization of 2081.82 billion [2]. - Liaoning Port (辽港股份) increased by 1.20%, closing at 0.840 with a market capitalization of 19.8 billion [2]. - Orient Overseas International (东方海外国际) rose by 1.19%, closing at 127.900 with a market capitalization of 844.62 billion [2]. - COSCO Shipping Development (中远海发) increased by 0.87%, closing at 1.160 with a market capitalization of 15.309 billion [2]. - Seaspan Corporation (海丰国际) rose by 0.82%, closing at 26.960 with a market capitalization of 727.92 billion [2]. Group 2: Market Dynamics - The early morning European shipping index futures rose by 5%, reaching 1521.80 yuan, which is seen as a positive short-term signal for shipping stocks [1]. - Analysts suggest that the increase in European freight rates may indicate a recovery in demand, possibly due to inventory replenishment cycles or renewed supply chain tensions [1]. - This shift in market perception may alter the previously pessimistic view of "oversupply" in the industry to a more optimistic outlook [1].

Core Insights - The Hong Kong stock market closed August with positive performance, with the Hang Seng Index rising by 1.23%, marking four consecutive months of gains for all three major indices [1] Index Performance - The Hang Seng Index increased by 1.23% - The Hang Seng China Enterprises Index rose by 0.73% - The Hang Seng Tech Index saw a significant increase of 4.06% [1] Sector Performance - Semiconductor stocks led the gains, with InnoCare Pharma surging by 96.7%, and SMIC rising nearly 19%, both reaching historical highs - Gold stocks also performed well, with China Gold International up by 61.48%, Lingbao Gold rising over 39%, Zhaojin Mining up by 23%, and Zijin Mining increasing by over 22% [1] - Conversely, the banking sector experienced a pullback, with China Construction Bank down by 6.7%, China Merchants Bank nearly 6%, Bank of Communications down by 4.8%, and Industrial and Commercial Bank of China down over 4% [1] - Other sectors such as restaurants, ports and shipping, and dairy products saw some declines [1] Large Tech Stocks - Among large tech stocks, Tencent performed well with an increase of 8.45%, followed by Baidu at 5.67% and NetEase at 4.37% - Alibaba remained flat, while Meituan experienced a significant drop of 15.5%, JD.com fell over 4%, and Xiaomi saw a slight decline of 0.56% [1]

Market Overview - The A-share market showed a shrinking and differentiated pattern on June 5, with the three major indices slightly rising, but over 3,000 stocks declined, reflecting a state of stock game with insufficient incremental funds [1][4] - The overall market exhibited a volatile consolidation characteristic due to a lack of clear directional funds, leading to rapid rotation among short-term event-driven sectors [2] Structural Trends - Structural market trends are driven by policy and industry events, with the central enterprise reform theme leading the market, as the news of the separation of the automotive business of the Equipment Group into an independent central enterprise stimulated collective gains among its listed companies [3][4] - Event-driven short-term hotspots were active, with the popularity of the "Su Super" league boosting football industry stocks, indicating potential in sports consumption [3] - Energy transformation policies catalyzed the explosion of the virtual power plant concept, with the National Energy Administration initiating pilot projects for new power systems, strengthening the electric power IoT industry chain [3] - The technology sector showed signs of partial recovery, with high-end switch chip shipments from Broadcom stimulating a rebound in the CPO industry chain, alongside strategic resource themes like rare earths, reflecting funds' preference for certain industry trends [3] Declining Sectors - Defensive sectors faced losses, with consumer staples (food and beverage), pharmaceuticals (CRO), and aquaculture stocks generally retreating due to funds being diverted to policy hotspots, compounded by concerns over global recession triggered by weak U.S. ADP employment and service sector PMI data [3][5] - The gold sector adjusted due to a strong dollar and declining inflation expectations, leading to a slight fluctuation in international gold prices and a reduction in risk-averse sentiment [5] - The innovative drug sector continued its downward trend due to overseas drug price control policies impacting profit expectations, alongside valuation pressures from previous rapid gains [5] Industry Performance - The real estate and construction industry indices strengthened, with the real estate II index rising by 1.61%, reflecting market expectations for urban renewal policies and marginal improvements in the real estate sector [6] - The semiconductor index increased by 1.99%, driven by domestic substitution logic and upcoming technological innovations in the mobile industry, with the consumer electronics sector also performing well [6] - Rare earth concept stocks performed strongly due to favorable policies, with the Ministry of Commerce implementing export licensing management for medium and heavy rare earth materials, and research reports predicting an increase in rare earth prices [7]