<p>要点：</p>
<ul>
<li>ASX 在假期前的最后一个交易日下跌 0.4%</li>
<li>交易清淡：成交量约为月均水平的 40%</li>
<li>银行结束四天的上涨；该行业看似已充分定价</li>
<li>矿业股创下历史新高；力拓在铜价突破 12000 美元时达到峰值</li>
</ul>
<p>作者：Shruti Agarwal</p>
<p>周三，澳大利亚股市下滑，投资者选择在连续四个交易日的反弹后获利了结，假期的清淡交易量和提前收盘进一步放大了这一走势。</p>
<p>在本周最后一个交易日，S&amp;P/ASX 200 指数下跌 0.4%，报 8762.70 点，周四和周五市场因假期休市。然而，该基准指数本月迄今已上涨 1.7%。</p>
<p>Shaw and Partners 的高级投资顾问 Craig Sidney 将市场疲软归因于过去两天市场上涨 2%，而标准普尔 500 指数仅上涨约 1%。</p>
<p>基准指数的成交量约为其月均水平的五成，反映出假期期间典型的低迷活动。</p>
<p>金融股下跌 0.4%，结束了由对长期高利率前景的押注支撑的四天上涨。该行业在之前的四个交易日中上涨了 2.9%。</p>
<p>根据 Sidney 的说法，经过一年的强劲上涨，该行业似乎没有太多上涨空间，他指出银行在 2026 年之前看似已充分定价。</p>
<p>四大银行年初至今的涨幅在 5.5% 到 28.5% 之间，最大的贷款银行 CBA 的表现最弱。</p>
<p>医疗保健股下跌 1.6%，CSL 下跌 2.4%。该子指数中最昂贵的股票在整个年度内对该行业造成了压力，目前下跌了 37.6%。</p>
<p>矿业股是唯一的亮点，上涨 0.5%，连续第三个交易日创下历史新高。</p>
<p>巨头力拓上涨 0.8%，在铜价突破 12000 美元的背景下触及新高，受美元走弱和供应紧张预期的推动。</p>
<p>黄金股追随黄金的创纪录反弹，再次达到新高。</p>
<p>与此同时，消费品（.AXDJ）和工业股（.AXNJ）分别下跌 0.7% 和 0.5%。</p>
<p>在塔斯曼海对岸，新西兰基准的 S&amp;P/NZX 50 指数小幅上涨，报 13529.06 点。本月迄今该指数上涨 0.3%，此前在 11 月有所下跌。</p>

力拓

力拓集团

<p>澳大利亚股市在周三下跌了 0.4%，因在连续四个交易日的反弹后出现获利回吐，且假期交易量稀薄。S&P/ASX 200 指数收于 8,762.70，银行股结束了四天的上涨趋势，矿业股创下历史新高。医疗保健类股票下跌了 1.6%，而力拓上涨了 0.8%，因铜价飙升。市场将在周四和周五因假期休市</p>

<p>Key points:</p>
<div class="lb-trans"><p>要点：</p>
</div><ul>
<li>ASX drops 0.4% in last session before break</li>
<li>Thin trade: volume about 40% of monthly avg</li>
<li>Banks snap 4-day winning run; sector looks fully priced</li>
<li>Miners hit record high; Rio peaks as copper tops $12k</li>
</ul>
<div class="lb-trans"><ul>
<li>ASX 在假期前的最后一个交易日下跌 0.4%</li>
<li>交易清淡：成交量约为月均水平的 40%</li>
<li>银行结束四天的上涨；该行业看似已充分定价</li>
<li>矿业股创下历史新高；力拓在铜价突破 12000 美元时达到峰值</li>
</ul>
</div><p>By Shruti Agarwal</p>
<div class="lb-trans"><p>作者：Shruti Agarwal</p>
</div><p>Australian shares slipped on Wednesday as investors chose to book profits after a four-session rally, with thin holiday volumes and an early market close amplifying the move.</p>
<div class="lb-trans"><p>周三，澳大利亚股市下滑，投资者选择在连续四个交易日的反弹后获利了结，假期的清淡交易量和提前收盘进一步放大了这一走势。</p>
</div><p>The S&amp;P/ASX 200 index  fell 0.4% to 8,762.70 in the last trading day of the week, with the market closed for holidays on Thursday and Friday. The benchmark, however, has risen 1.7% so far this month.</p>
<div class="lb-trans"><p>在本周最后一个交易日，S&amp;P/ASX 200 指数下跌 0.4%，报 8762.70 点，周四和周五市场因假期休市。然而，该基准指数本月迄今已上涨 1.7%。</p>
</div><p>Craig Sidney, a senior investment adviser at Shaw and Partners, attributed the weakness to the market's 2% advance in the last two days, compared with the S&amp;P 500's around 1% gain.</p>
<div class="lb-trans"><p>Shaw and Partners 的高级投资顾问 Craig Sidney 将市场疲软归因于过去两天市场上涨 2%，而标准普尔 500 指数仅上涨约 1%。</p>
</div><p>The benchmark ran at roughly two-fifths of its monthly average volume, reflecting subdued activity typical of the holiday period.</p>
<div class="lb-trans"><p>基准指数的成交量约为其月均水平的五成，反映出假期期间典型的低迷活动。</p>
</div><p>Financials  fell 0.4%, snapping a four-day winning run that had been underpinned by bets that a higher-for-longer interest rate outlook would help protect banks' lending margins. The sector had surged 2.9% in the previous four sessions.</p>
<div class="lb-trans"><p>金融股下跌 0.4%，结束了由对长期高利率前景的押注支撑的四天上涨。该行业在之前的四个交易日中上涨了 2.9%。</p>
</div><p>After strong gains over the year, the sector appears to have little room left to run, according to Sidney, who noted banks look fully priced heading into 2026.</p>
<div class="lb-trans"><p>根据 Sidney 的说法，经过一年的强劲上涨，该行业似乎没有太多上涨空间，他指出银行在 2026 年之前看似已充分定价。</p>
</div><p>The 'big four' banks have added between 5.5% and 28.5% year-to-date, with top lender CBA's  run being the weakest.</p>
<div class="lb-trans"><p>四大银行年初至今的涨幅在 5.5% 到 28.5% 之间，最大的贷款银行 CBA 的表现最弱。</p>
</div><p>Healthcare stocks  lost 1.6%, with CSL  falling 2.4%. The sub-index's priciest stock has weighed on the sector throughout the year, down 37.6% so far.</p>
<div class="lb-trans"><p>医疗保健股下跌 1.6%，CSL 下跌 2.4%。该子指数中最昂贵的股票在整个年度内对该行业造成了压力，目前下跌了 37.6%。</p>
</div><p>Miners  were the only bright spot, rising 0.5% to hit a record high for a third consecutive session.</p>
<div class="lb-trans"><p>矿业股是唯一的亮点，上涨 0.5%，连续第三个交易日创下历史新高。</p>
</div><p>Behemoth Rio Tinto  rose 0.8% to touch a new peak as copper crossed the $12,000 mark on a weaker dollar and expectations of tighter supply.</p>
<div class="lb-trans"><p>巨头力拓上涨 0.8%，在铜价突破 12000 美元的背景下触及新高，受美元走弱和供应紧张预期的推动。</p>
</div><p>Gold stocks  tracked bullion's record-breaking rally to hit another high.</p>
<div class="lb-trans"><p>黄金股追随黄金的创纪录反弹，再次达到新高。</p>
</div><p>Meanwhile, consumer discretionary (.AXDJ) stocks and industrials (.AXNJ) fell 0.7% and 0.5%, respectively.</p>
<div class="lb-trans"><p>与此同时，消费品（.AXDJ）和工业股（.AXNJ）分别下跌 0.7% 和 0.5%。</p>
</div><p>Across the Tasman Sea, New Zealand's benchmark S&amp;P/NZX 50 index  ended modestly higher at 13,529.06. The gauge has risen 0.3% so far this month after a fall in November.</p>
<div class="lb-trans"><p>在塔斯曼海对岸，新西兰基准的 S&amp;P/NZX 50 指数小幅上涨，报 13529.06 点。本月迄今该指数上涨 0.3%，此前在 11 月有所下跌。</p>
</div>

澳大利亚股市在假期缩短的一周内因投资者获利回吐而收低