<p>股票反弹，中国股市上涨</p>
<p>美联储主席讲话对交易者提供的信息有限</p>
<p>疲软的经济数据重燃增长担忧</p>
<p>（重发，更新价格，添加报价）</p>
<p>作者：Gregor Stuart Hunter</p>
<p>新加坡，9 月 24 日（路透社）- 亚洲股市周三反弹，摆脱了早前受华尔街拖累的损失，因对人工智能和半导体的重新热情为中国的科技股反弹注入了新活力。</p>
<p>MSCI 亚太地区（不包括日本）股票指数（.MIAPJ0000PUS）在早盘一度下跌 0.5% 后，反弹至下午交易时上涨 0.1%。</p>
<p>中国股市领涨，香港上市公司指数（.HSCE）上涨 1.5%，STAR 50 指数（.STAR50）上涨 3.6%。阿里巴巴在香港上市的股票（9988.HK）在电商巨头周三宣布其有史以来最大的 AI 模型 Qwen3-Max 后，飙升了 7.8%。</p>
<p>瑞银分析师在一份研究报告中写道：“自 8 月以来，A 股的上涨趋势加剧，主要指数突破了 2024 年 10 月的高点。这创造了一个赚钱效应，逐渐吸引投资者重新入场。”</p>
<p>美元在连续两天下跌后企稳，美元指数（.DXY）上涨 0.2%，至 97.438。对日元（JPY=）而言，美元上涨 0.3%，至 148.05。</p>
<p>美国股指期货（ESc1）最后上涨 0.2%，从周二华尔街的下跌中恢复。标准普尔 500 指数（.SPX）下跌 0.6%，创下三周以来最大单日跌幅，此前美联储主席杰罗姆·鲍威尔在周二的讲话中发表了相关言论。</p>
<p>“美国股票和债券收益率下跌，因为美联储主席杰罗姆·鲍威尔的讲话明确表示股票 ‘相对高估’，并承认没有 ‘无风险的政策路径’，” 星展银行分析师在一份报告中写道。“他没有承诺大幅降息，因为在平衡通胀上行风险与就业下行风险的情况下，形势相当棘手。”</p>
<p>亚洲股票交易接近四年来的高点，并在本月有望实现一年以来最佳的月度表现，受美元疲软、区域科技股激增以及美联储政策宽松周期恢复的推动。</p>
<p>澳大利亚股市（.AXJO）周三对亚洲基准造成显著拖累，下跌 0.9%，在 8 月份消费者价格意外上涨后延续了损失。</p>
<p>“尽管澳大利亚储备银行不会过于关注整体通胀的上升，但核心通胀的强劲将让其深思，” Capital Economics 分析师在一份研究报告中写道。</p>
<p>日本日经指数（.N225）最后上涨 0.3%，扭转了早前的下跌。</p>
<p>交易员们加大了对美国进一步降息的押注，联邦基金期货显示美联储在 10 月会议上降息的概率为 91.9%，高于周二的 89.8%。根据 CME 集团的 FedWatch 工具。</p>
<p>长期美国国债吸引了买家，基准 10 年期国债收益率（US10YT=RR）降至 4.1042%，相比于周二美国收盘时的 4.118%。两年期收益率（US2YT=RR）在交易员对美联储加息预期上升时降至 3.5673%，相比于美国收盘时的 3.57%。</p>
<p>周二发布的美国经济数据引发了增长担忧，标普全球的采购经理人指数（PMI）数据显示，9 月份商业活动连续第二个月放缓。</p>
<p>“9 月份初步发布的标普 PMI 数据较为疲软，但两者仍处于扩张区间，并在过去几个月的范围内，” 花旗分析师在一份研究报告中写道。</p>
<p>但他们指出，细节中显示出比标题数字所暗示的更多疲软。</p>
<p>“综合产出价格指数降至自 4 月以来的最低水平，企业在将更高成本转嫁给消费者时面临需求疲软和竞争加剧的困难，” 分析师表示。</p>
<p>在油市，布伦特原油（LCOc1）最后上涨 0.1%，至每桶 67.71 美元，此前伊拉克库尔德地区的出口恢复交易停滞，缓解了投资者对全球供应过剩的担忧。</p>
<p>黄金在周二创下历史新高后略有上涨，现货黄金（XAU=）最后上涨 0.3%，至每盎司 3,773.36 美元。（GOL/）</p>
<p>全球外汇汇率年初至今 在此查看</p>

<p>亚洲股市在周三反弹，受中国科技股上涨的推动，MSCI 亚太指数上涨 0.1%。阿里巴巴的股价在其发布最大 AI 模型后飙升 7.8%。尽管在美联储主席鲍威尔关于估值的言论后，美国股市出现下跌，交易员们仍在押注潜在的降息。由于消费价格上涨，澳大利亚股市下跌 0.9%，而日本日经指数上涨 0.3%。布伦特原油和黄金价格在市场波动中略有上涨</p>

<p>Shares recover as Chinese stocks rally</p>
<div class="lb-trans"><p>股票反弹，中国股市上涨</p>
</div><p>Fed chair speech provides few clues to traders</p>
<div class="lb-trans"><p>美联储主席讲话对交易者提供的信息有限</p>
</div><p>Soft economic data renews growth concerns</p>
<div class="lb-trans"><p>疲软的经济数据重燃增长担忧</p>
</div><p>(Recasts, updates prices, adds quotes)</p>
<div class="lb-trans"><p>（重发，更新价格，添加报价）</p>
</div><p>By Gregor Stuart Hunter</p>
<div class="lb-trans"><p>作者：Gregor Stuart Hunter</p>
</div><p>SINGAPORE, Sept 24 (Reuters) - Stocks in Asia rebounded on Wednesday, shaking off earlier Wall Street-led losses as renewed enthusiasm for artificial intelligence and semiconductors breathed fresh life into China’s tech-led rally.</p>
<div class="lb-trans"><p>新加坡，9 月 24 日（路透社）- 亚洲股市周三反弹，摆脱了早前受华尔街拖累的损失，因对人工智能和半导体的重新热情为中国的科技股反弹注入了新活力。</p>
</div><p>MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) reversing an earlier decline of as much as 0.5% earlier in the session to be up 0.1% by mid-afternoon trading.</p>
<div class="lb-trans"><p>MSCI 亚太地区（不包括日本）股票指数（.MIAPJ0000PUS）在早盘一度下跌 0.5% 后，反弹至下午交易时上涨 0.1%。</p>
</div><p>Chinese stocks led the charge, with a gauge of Hong Kong-listed companies (.HSCE) up 1.5% and the STAR 50 Index (.STAR50) rising 3.6%. Alibaba’s Hong Kong-listed shares (9988.HK) surged as much as 7.8% after the e-commerce giant announced on Wednesday its largest ever AI model, the Qwen3-Max.</p>
<div class="lb-trans"><p>中国股市领涨，香港上市公司指数（.HSCE）上涨 1.5%，STAR 50 指数（.STAR50）上涨 3.6%。阿里巴巴在香港上市的股票（9988.HK）在电商巨头周三宣布其有史以来最大的 AI 模型 Qwen3-Max 后，飙升了 7.8%。</p>
</div><p>“The upward trend for A-shares has steepened since August with major indices breaking through the October 2024 highs,” UBS analysts wrote in a research note. “This has created a money-making effect that is gradually attracting investors off the sidelines.”</p>
<div class="lb-trans"><p>瑞银分析师在一份研究报告中写道：“自 8 月以来，A 股的上涨趋势加剧，主要指数突破了 2024 年 10 月的高点。这创造了一个赚钱效应，逐渐吸引投资者重新入场。”</p>
</div><p>The greenback stabilised after two consecutive days of decline, with the dollar index (.DXY) up 0.2% at 97.438. Against the yen (JPY=) , the dollar was up 0.3% at 148.05.</p>
<div class="lb-trans"><p>美元在连续两天下跌后企稳，美元指数（.DXY）上涨 0.2%，至 97.438。对日元（JPY=）而言，美元上涨 0.3%，至 148.05。</p>
</div><p>U.S. stock futures (ESc1) were last up 0.2%, recovering from a dip on Wall Street on Tuesday. The S&amp;P 500 (.SPX) sank 0.6% to mark its biggest one-day loss in three weeks, after remarks by Federal Reserve Chair Jerome Powell on Tuesday.</p>
<div class="lb-trans"><p>美国股指期货（ESc1）最后上涨 0.2%，从周二华尔街的下跌中恢复。标准普尔 500 指数（.SPX）下跌 0.6%，创下三周以来最大单日跌幅，此前美联储主席杰罗姆·鲍威尔在周二的讲话中发表了相关言论。</p>
</div><p>“U.S. equities and bond yields declined because Fed Chair Jerome Powell’s speech explicitly described equities as ‘fairly highly valued’ and acknowledged that there was no ‘risk-free path’ for policy,” DBS analysts wrote in a note. “He did not commit to aggressive rate cuts due to the challenging situation of balancing the upside risk to inflation with the downside risk to employment.”</p>
<div class="lb-trans"><p>“美国股票和债券收益率下跌，因为美联储主席杰罗姆·鲍威尔的讲话明确表示股票 ‘相对高估’，并承认没有 ‘无风险的政策路径’，” 星展银行分析师在一份报告中写道。“他没有承诺大幅降息，因为在平衡通胀上行风险与就业下行风险的情况下，形势相当棘手。”</p>
</div><p>Asian stocks are trading near a four-year high and remain on track this month for their best monthly performance in a year, following weakness in the dollar, a surge in regional technology stocks and a resumption of the Federal Reserve’s policy easing cycle.</p>
<div class="lb-trans"><p>亚洲股票交易接近四年来的高点，并在本月有望实现一年以来最佳的月度表现，受美元疲软、区域科技股激增以及美联储政策宽松周期恢复的推动。</p>
</div><p>Australian shares (.AXJO) were a notable drag on the Asian benchmark on Wednesday, down 0.9%, extending losses after a bigger-than-expected rise in consumer prices in August.</p>
<div class="lb-trans"><p>澳大利亚股市（.AXJO）周三对亚洲基准造成显著拖累，下跌 0.9%，在 8 月份消费者价格意外上涨后延续了损失。</p>
</div><p>“Although the RBA won’t pay much heed to the pickup in headline inflation, the strength in core inflation will give it pause for thought,” Capital Economics analysts wrote in a research note.</p>
<div class="lb-trans"><p>“尽管澳大利亚储备银行不会过于关注整体通胀的上升，但核心通胀的强劲将让其深思，” Capital Economics 分析师在一份研究报告中写道。</p>
</div><p>Japan’s Nikkei stock index (.N225) was last trading up 0.3%, reversing earlier declines.</p>
<div class="lb-trans"><p>日本日经指数（.N225）最后上涨 0.3%，扭转了早前的下跌。</p>
</div><p>Traders have ramped up bets on further U.S. rate cuts, with Fed funds futures implying a 91.9% chance of a rate cut at the central bank’s October meeting, up from a 89.8% probability on Tuesday, according to the CME Group’s FedWatch tool.</p>
<div class="lb-trans"><p>交易员们加大了对美国进一步降息的押注，联邦基金期货显示美联储在 10 月会议上降息的概率为 91.9%，高于周二的 89.8%。根据 CME 集团的 FedWatch 工具。</p>
</div><p>Longer-dated U.S. government bonds attracted buyers, with the yield on benchmark 10-year Treasury notes (US10YT=RR) falling to 4.1042%, compared with its U.S. close of 4.118% on Tuesday. The two-year yield (US2YT=RR) , which rises with traders’ expectations of higher Fed funds rates, fell to 3.5673% compared with a U.S. close of 3.57%.</p>
<div class="lb-trans"><p>长期美国国债吸引了买家，基准 10 年期国债收益率（US10YT=RR）降至 4.1042%，相比于周二美国收盘时的 4.118%。两年期收益率（US2YT=RR）在交易员对美联储加息预期上升时降至 3.5673%，相比于美国收盘时的 3.57%。</p>
</div><p>U.S. economic data released on Tuesday stoked growth concerns, with purchasing managers’ index (PMI) data from S&amp;P Global showing business activity slowed for a second straight month in September.</p>
<div class="lb-trans"><p>周二发布的美国经济数据引发了增长担忧，标普全球的采购经理人指数（PMI）数据显示，9 月份商业活动连续第二个月放缓。</p>
</div><p>“The S&amp;P PMIs were softer in the September preliminary release, but both remain in expansion and are within the range of the last few months,” Citi analysts wrote in a research note.</p>
<div class="lb-trans"><p>“9 月份初步发布的标普 PMI 数据较为疲软，但两者仍处于扩张区间，并在过去几个月的范围内，” 花旗分析师在一份研究报告中写道。</p>
</div><p>But they pointed to more weakness in the details than implied in the headline numbers.</p>
<div class="lb-trans"><p>但他们指出，细节中显示出比标题数字所暗示的更多疲软。</p>
</div><p>“The composite output prices index fell to the lowest level since April with anecdotes mentioning that firms are having difficulty passing on higher costs to consumers due to weak demand and more competition,” the analysts said.</p>
<div class="lb-trans"><p>“综合产出价格指数降至自 4 月以来的最低水平，企业在将更高成本转嫁给消费者时面临需求疲软和竞争加剧的困难，” 分析师表示。</p>
</div><p>In oil markets, Brent crude (LCOc1) was last up 0.1% at $67.71 per barrel, after a deal to resume exports from Iraq’s Kurdistan stalled, pacifying some investor concerns that the restart would exacerbate worries about global oversupply.</p>
<div class="lb-trans"><p>在油市，布伦特原油（LCOc1）最后上涨 0.1%，至每桶 67.71 美元，此前伊拉克库尔德地区的出口恢复交易停滞，缓解了投资者对全球供应过剩的担忧。</p>
</div><p>Gold was slightly higher after hitting a record high on Tuesday, with spot gold (XAU=) last up 0.3% at $3,773.36 per ounce. (GOL/)</p>
<div class="lb-trans"><p>黄金在周二创下历史新高后略有上涨，现货黄金（XAU=）最后上涨 0.3%，至每盎司 3,773.36 美元。（GOL/）</p>
</div><p>World FX rates YTD here</p>
<div class="lb-trans"><p>全球外汇汇率年初至今 在此查看</p>
</div>

GLOBAL MARKETS-Asian stocks reverse losses as China tech roars back

- 亚洲股市反弹，受人工智能和半导体热潮推动。  
- 中国股市领涨，香港上市公司指数上涨 1.5%。  
- 美联储主席讲话未提供明确线索，市场对进一步降息的预期上升。  

全球市场 - 亚洲股市扭转跌势，中国科技股强势回升