<p>股票下跌 0.2%，货币上涨 0.1%</p>
<p>匈牙利通胀前景导致福林贬值</p>
<p>玻利维亚将寻求美国财政支持，部长告诉《华尔街日报》</p>
<p>作者：Niket Nishant</p>
<p>12 月 18 日（路透社）——周四，新兴市场股票小幅下跌，地缘政治紧张局势和国内政策信号成为焦点，关于人工智能驱动的反弹可持续性的担忧再度浮现。投资者在等待结束俄乌战争的进一步进展迹象，此前美国总统唐纳德·特朗普本周早些时候表示，达成协议 “比以往任何时候都更近”。</p>
<p>市场反应不一，因为过去毫无根据的乐观情绪使交易员变得谨慎。</p>
<p>“俄罗斯总统弗拉基米尔·普京可能并不急于结束战争，特别是如果乌克兰获得类似北约的保证，” Trade Nation 的高级市场分析师大卫·莫里森表示。</p>
<p>“但是，如果和平实现，投资者预计将结束对俄罗斯石油出口的制裁，这将增加已经供过于求的市场的供应。”</p>
<p>沙特阿拉伯（全球最大石油出口国）的股票指数（.TASI）下跌 0.2%。大多数乌克兰的美元计价债券下跌。</p>
<p>泰铢上涨，中国房地产承压 泰铢（THB=TH）对美元上涨 0.1%。泰国中央银行行长维泰·拉塔纳科恩表示，政策制定者已呼吁财政部控制黄金交易，因为此类交易的激增推动了泰铢的升值。</p>
<p>泰铢已成为今年亚洲表现第二好的货币，这可能会削弱出口竞争力，并使泰国成为游客更昂贵的目的地。</p>
<p>在中国，基准的上海综合指数（.SSEC）上涨 0.2%，而蓝筹股 CSI300 指数（.CSI300）下跌 0.6%。房地产股票（.CSI000952）下跌 1.8%，在短暂反弹后恢复下跌。中国万科（000002.SZ）与持有 20 亿元（约 2.8399 亿美元）债券的投资者召开第二次会议，因这家受危机影响的房地产开发商寻求延长债务支付以避免违约。其股价下跌 1.8%。</p>
<h3>匈牙利前景打击福林</h3>
<p>匈牙利福林（EURHUF=）对欧元下跌 0.4%，至自 10 月底以来的最低点。在其季度通胀报告中，中央银行表示预计明年的税后核心通胀将放缓至 3.6%，到 2027 年降至 3.1%，而今年为 4.4%。</p>
<p>通胀放缓提高了降息的可能性，这通常会降低货币的价值。周二，中央银行维持利率不变，但暗示明年可能会降息。</p>
<p>波兰兹罗提（EURPLN=）上涨 0.2%，达到自 4 月以来的最高水平。数据显示，11 月份企业部门工资增长超出预期。</p>
<p>MSCI 新兴市场股票指数（.MSCIEF）下跌 0.2%，货币指数（.MIEM00000CUS）上涨 0.1%。</p>
<p>投资者对风险的胃口进一步减弱，因对人工智能的担忧再度浮现，导致华尔街基准指数在周三下跌。</p>
<p>稍后，拉丁美洲资产将成为焦点，墨西哥中央银行将公布利率决定。玻利维亚也将受到关注，因费尔南多·阿拉马约·卡拉斯科告诉《华尔街日报》，政府正在寻求美国政府的财政支持。</p>

万科企业

万科A

<p>新兴市场股票因地缘政治紧张局势和政策担忧下跌了 0.2%，而货币上涨了 0.1%。由于通胀前景，匈牙利福林贬值，泰铢则上涨。中国房地产行业仍面临压力，万科企业寻求延长债务偿还。投资者对人工智能的可持续性和地缘政治发展（包括俄乌冲突）持谨慎态度。玻利维亚寻求美国的金融支持，墨西哥中央银行的利率决策备受关注</p>

<p>Stocks down 0.2%, currencies up 0.1%</p>
<div class="lb-trans"><p>股票下跌 0.2%，货币上涨 0.1%</p>
</div><p>Hungary inflation outlook drives forint lower</p>
<div class="lb-trans"><p>匈牙利通胀前景导致福林贬值</p>
</div><p>Bolivia will seek US financial support, minister tells WSJ</p>
<div class="lb-trans"><p>玻利维亚将寻求美国财政支持，部长告诉《华尔街日报》</p>
</div><p>By Niket Nishant</p>
<div class="lb-trans"><p>作者：Niket Nishant</p>
</div><p>Dec 18 (Reuters) - Emerging market stocks dipped on Thursday, with geopolitical tensions and domestic policy signals in focus as fears about the sustainability of the artificial intelligence-fuelled rally resurfaced. Investors await signs of further progress in the efforts to end the Russia-Ukraine war, after U.S. President Donald Trump said earlier this week that a deal was “closer than ever”.</p>
<div class="lb-trans"><p>12 月 18 日（路透社）——周四，新兴市场股票小幅下跌，地缘政治紧张局势和国内政策信号成为焦点，关于人工智能驱动的反弹可持续性的担忧再度浮现。投资者在等待结束俄乌战争的进一步进展迹象，此前美国总统唐纳德·特朗普本周早些时候表示，达成协议 “比以往任何时候都更近”。</p>
</div><p>Market reaction has been uneven as unfounded optimism in the past has made traders wary.</p>
<div class="lb-trans"><p>市场反应不一，因为过去毫无根据的乐观情绪使交易员变得谨慎。</p>
</div><p>“Russian President Vladimir Putin may not be in any rush to end the war, particularly if Ukraine is getting NATO-like assurances,” said David Morrison, senior market analyst at Trade Nation.</p>
<div class="lb-trans"><p>“俄罗斯总统弗拉基米尔·普京可能并不急于结束战争，特别是如果乌克兰获得类似北约的保证，” Trade Nation 的高级市场分析师大卫·莫里森表示。</p>
</div><p>“But, should peace break out, investors expect an end to sanctions on Russian oil exports which should increase supply to an already oversupplied market.”</p>
<div class="lb-trans"><p>“但是，如果和平实现，投资者预计将结束对俄罗斯石油出口的制裁，这将增加已经供过于求的市场的供应。”</p>
</div><p>Equities (.TASI) in Saudi Arabia, the world’s biggest oil exporter, fell 0.2%. Most of Ukraine’s dollar-denominated bonds were lower.</p>
<div class="lb-trans"><p>沙特阿拉伯（全球最大石油出口国）的股票指数（.TASI）下跌 0.2%。大多数乌克兰的美元计价债券下跌。</p>
</div><p>THAI BAHT CLIMBS, CHINA REAL ESTATE UNDER PRESSURE The Thai baht (THB=TH) was 0.1% higher against the dollar. Bank of Thailand Governor Vitai Ratanakorn said policymakers have called on the finance ministry to control gold trading after a surge in such transactions helped drive up the value of the baht.</p>
<div class="lb-trans"><p>泰铢上涨，中国房地产承压 泰铢（THB=TH）对美元上涨 0.1%。泰国中央银行行长维泰·拉塔纳科恩表示，政策制定者已呼吁财政部控制黄金交易，因为此类交易的激增推动了泰铢的升值。</p>
</div><p>The baht has become Asia’s second-best performing currency this year, which could erode export competitiveness and make Thailand a pricier destination for tourists.</p>
<div class="lb-trans"><p>泰铢已成为今年亚洲表现第二好的货币，这可能会削弱出口竞争力，并使泰国成为游客更昂贵的目的地。</p>
</div><p>In China, the benchmark Shanghai Composite index (.SSEC) inched 0.2% higher while the blue-chip CSI300 index (.CSI300) dropped 0.6%. Real estate shares (.CSI000952) fell 1.8%, resuming their decline after a one-day reprieve. China Vanke (000002.SZ) began a second meeting with holders of a 2 billion yuan ($283.99 million) bond, as the crisis-hit property developer seeks to extend its debt payments to avoid a default. Its shares slipped 1.8%.</p>
<div class="lb-trans"><p>在中国，基准的上海综合指数（.SSEC）上涨 0.2%，而蓝筹股 CSI300 指数（.CSI300）下跌 0.6%。房地产股票（.CSI000952）下跌 1.8%，在短暂反弹后恢复下跌。中国万科（000002.SZ）与持有 20 亿元（约 2.8399 亿美元）债券的投资者召开第二次会议，因这家受危机影响的房地产开发商寻求延长债务支付以避免违约。其股价下跌 1.8%。</p>
</div><h3>HUNGARY OUTLOOK KNOCKS FORINT</h3>
<div class="lb-trans"><h3>匈牙利前景打击福林</h3>
</div><p>The Hungarian forint (EURHUF=) fell 0.4% against the euro, to its lowest since late-October. In its quarterly inflation report, the central bank said it expects tax-adjusted core inflation to slow to 3.6% next year and 3.1% in 2027 from 4.4% this year.</p>
<div class="lb-trans"><p>匈牙利福林（EURHUF=）对欧元下跌 0.4%，至自 10 月底以来的最低点。在其季度通胀报告中，中央银行表示预计明年的税后核心通胀将放缓至 3.6%，到 2027 年降至 3.1%，而今年为 4.4%。</p>
</div><p>A slowdown in inflation raises the odds of interest rate cuts, which typically lower the value of a currency. On Tuesday, the central bank left its interest rate unchanged but signalled a possible cut next year.</p>
<div class="lb-trans"><p>通胀放缓提高了降息的可能性，这通常会降低货币的价值。周二，中央银行维持利率不变，但暗示明年可能会降息。</p>
</div><p>The Polish zloty (EURPLN=) climbed 0.2% to its highest levels since April. Corporate sector wages rose more than expected in November, data showed.</p>
<div class="lb-trans"><p>波兰兹罗提（EURPLN=）上涨 0.2%，达到自 4 月以来的最高水平。数据显示，11 月份企业部门工资增长超出预期。</p>
</div><p>The MSCI index of overall emerging market stocks (.MSCIEF) slipped 0.2% and the currencies gauge (.MIEM00000CUS) was up 0.1%.</p>
<div class="lb-trans"><p>MSCI 新兴市场股票指数（.MSCIEF）下跌 0.2%，货币指数（.MIEM00000CUS）上涨 0.1%。</p>
</div><p>Investors’ appetite for risk was further tempered by revived worries about AI, which dragged Wall Street’s benchmark indexes lower on Wednesday.</p>
<div class="lb-trans"><p>投资者对风险的胃口进一步减弱，因对人工智能的担忧再度浮现，导致华尔街基准指数在周三下跌。</p>
</div><p>Later, Latin American assets will be in the spotlight, with an interest rate decision due from the central bank in Mexico. Bolivia will also be in focus after Fernando Aramayo Carrasco told the Wall Street Journal that the government is seeking a financial lifeline from the U.S. administration.</p>
<div class="lb-trans"><p>稍后，拉丁美洲资产将成为焦点，墨西哥中央银行将公布利率决定。玻利维亚也将受到关注，因费尔南多·阿拉马约·卡拉斯科告诉《华尔街日报》，政府正在寻求美国政府的财政支持。</p>
</div>

新兴市场——由于政策前景的不确定性和对人工智能的担忧，EM 股票下滑，风险情绪波动