<p>日经 225 指数在今年表现良好，从 4 月份的低点¥31,145 上涨至创纪录的高点¥52,590。今年上涨近 30%，表现超过了大多数全球指数，如标准普尔 500、富时 100 和德国 DAX。</p>
<p><strong>日经 225 指数为何飙升</strong></p>
<p>尽管日本银行维持鹰派立场，日本债券收益率飙升至数十年来的最高水平，日经 225 指数今年仍然大幅上涨。数据显示，十年期债券收益率跃升至 2.10% 的多年高点，而五年期收益率则飙升至 1.54%。</p>
<p>该指数的上涨得益于持续的人工智能热潮，这使得一些行业内最大的参与者，如 Advantest 和软银，受益匪浅。</p>
<p>此外，日元贬值也是推动其上涨的原因之一，年内日元持续贬值。汇率从 4 月份的低点 139.87 上涨至 157.83 的高点。</p>
<p>日元贬值有利于日经 225 指数，因为这帮助了包括丰田、马自达和本田在内的主要出口商。其他大型工业公司，如日立和三菱电机，也受益于此。</p>
<p>与此同时，日经指数在特朗普与日本签署贸易协议后也大幅上涨，该协议降低了来自日本商品的关税。这项协议将关税降至 15%，而之前超过 30%，日本承诺将在美国投资数十亿美元。</p>
<p><strong>2025 年表现最佳和最差的公司</strong></p>
<p>日经 225 指数中的大多数公司在今年表现良好。制药行业巨头住友大日本今年飙升 311%，市值超过 43.5 亿美元。这一激增发生在公司在其产品管线取得进展以及转型加速的背景下。</p>
<p>三井矿业与冶炼的股价今年上涨 286%，估值超过 70 亿美元。这一激增发生在商品价格持续上涨的情况下，黄金、白银和铜的价格也在上涨。该公司提供用于采矿行业的工程材料，因此受益匪浅。</p>
<p>藤仓的股价飙升 173%，估值跃升至 360 亿美元，因其技术产品的需求上升。半导体行业的顶尖企业 Advantest 上涨 116%，而住友电气上涨 123%。</p>
<p>日本银行股也表现良好，因为日本银行在年内提高了利率。静冈银行的股价上涨 90%，而 Concordia Financial、瑞穗、千叶银行和住友三井金融在年内均上涨了两位数。</p>
<p>与此同时，软银的股价今年上涨了 90%。然而，最近该股因对人工智能泡沫的担忧而下跌超过 35%。</p>
<p>另一方面，2025 年日经 225 指数中表现最差的公司包括伊藤忠、KDDI、普利司通、大冢制药和 Recruit Holdings，股价均下跌超过 20%。</p>

2 倍做空日圓 ETF - ProShares

<p>在 2025 年，日经 225 指数上涨近 30%，达到创纪录的 52,590 日元，表现优于全球指数。这一激增受到人工智能热潮、日元贬值惠及出口商以及与美国的贸易协议推动。主要涨幅股包括住友大日本、三井矿业与冶炼以及藤仓。日本银行和软银也实现了显著增长，而伊藤忠、KDDI 等则表现不佳</p>

<p>The Nikkei 225 Index did well this year, rising from a low of ¥31,145 in April to a record high of ¥52,590. It rose by nearly 30% this year, outperforming most global indices like the S&amp;P 500, FTSE 100, and the German DAX.</p>
<div class="lb-trans"><p>日经 225 指数在今年表现良好，从 4 月份的低点¥31,145 上涨至创纪录的高点¥52,590。今年上涨近 30%，表现超过了大多数全球指数，如标准普尔 500、富时 100 和德国 DAX。</p>
</div><p><strong>Why the Nikkei 225 Index soared</strong></p>
<div class="lb-trans"><p><strong>日经 225 指数为何飙升</strong></p>
</div><p>The Nikkei 225 Index surged this year, even as the Bank of Japan maintained its hawkish tone and Japan bond yields soared to the highest level in decades. Data shows that the ten-year bond yield jumped to a multi-year high of 2.10%, while the five-year soared to 1.54%.</p>
<div class="lb-trans"><p>尽管日本银行维持鹰派立场，日本债券收益率飙升至数十年来的最高水平，日经 225 指数今年仍然大幅上涨。数据显示，十年期债券收益率跃升至 2.10% 的多年高点，而五年期收益率则飙升至 1.54%。</p>
</div><p>The index jumped because of the ongoing artificial intelligence boom, which benefited some of the biggest players in the industry, like Advantest and Softbank.</p>
<div class="lb-trans"><p>该指数的上涨得益于持续的人工智能热潮，这使得一些行业内最大的参与者，如 Advantest 和软银，受益匪浅。</p>
</div><p>Additionally, it jumped because of the falling Japanese yen <strong>,</strong> which continued its freefall during the year. The  exchange rate rose from a low of 139.87 in April to a high of 157.83.</p>
<div class="lb-trans"><p>此外，日元贬值也是推动其上涨的原因之一，年内日元持续贬值。汇率从 4 月份的低点 139.87 上涨至 157.83 的高点。</p>
</div><p>A weaker Japanese yen benefits the Nikkei 225 Index by helping its biggest exporters, including automakers like Toyota, Mazda, and Honda. Other large industrial companies like Hitachi and Mitsubishi Electric also benefited.</p>
<div class="lb-trans"><p>日元贬值有利于日经 225 指数，因为这帮助了包括丰田、马自达和本田在内的主要出口商。其他大型工业公司，如日立和三菱电机，也受益于此。</p>
</div><p>Meanwhile, like other indices, the Nikkei Index jumped after Donald Trump signed a trade agreement with Japan, which reduced tariffs for goods from the country. This deal brought the levies to 15%, down from over 30%, with Japan promising to invest billions of dollars in the United States.</p>
<div class="lb-trans"><p>与此同时，日经指数在特朗普与日本签署贸易协议后也大幅上涨，该协议降低了来自日本商品的关税。这项协议将关税降至 15%，而之前超过 30%，日本承诺将在美国投资数十亿美元。</p>
</div><p><strong>Top gainers and laggards in 2025</strong></p>
<div class="lb-trans"><p><strong>2025 年表现最佳和最差的公司</strong></p>
</div><p>Most companies in the Nikkei 225 Index did well this year. Sumitomo Dainippon, a giant player in the pharmaceutical industry, soared by 311% this year, bringing its market capitalization to over $4.35 billion. This surge happened as the company made progress on its pipeline and as the turnaround gained steam.</p>
<div class="lb-trans"><p>日经 225 指数中的大多数公司在今年表现良好。制药行业巨头住友大日本今年飙升 311%，市值超过 43.5 亿美元。这一激增发生在公司在其产品管线取得进展以及转型加速的背景下。</p>
</div><p>Mitsui Mining &amp; Smelting stock price jumped by 286% this year, with its valuation hitting over $7 billion. This surge happened as commodity prices continued soaring, with gold, silver, and copper gaining momentum. The jump benefited this company as it provides engineered materials used in the mining industry.</p>
<div class="lb-trans"><p>三井矿业与冶炼的股价今年上涨 286%，估值超过 70 亿美元。这一激增发生在商品价格持续上涨的情况下，黄金、白银和铜的价格也在上涨。该公司提供用于采矿行业的工程材料，因此受益匪浅。</p>
</div><p>Fujikura share price soared by 173%, with its valuation jumping to $36 billion as demand for its technology products rose. Advantest, a top player in the semiconductor industry, rose by 116%, while Sumitomo Electric rose by 123%.</p>
<div class="lb-trans"><p>藤仓的股价飙升 173%，估值跃升至 360 亿美元，因其技术产品的需求上升。半导体行业的顶尖企业 Advantest 上涨 116%，而住友电气上涨 123%。</p>
</div><p>Japanese bank stocks also did well as the Bank of Japan (BoJ) hiked interest rates during the year. Shizuoka Bank stock rose by 90%, while Concordia Financial, Mizuho, Chiba Bank, and Sumitomo Mitsui Financial jumped by double digits during the year.</p>
<div class="lb-trans"><p>日本银行股也表现良好，因为日本银行在年内提高了利率。静冈银行的股价上涨 90%，而 Concordia Financial、瑞穗、千叶银行和住友三井金融在年内均上涨了两位数。</p>
</div><p>Meanwhile, Softbank’s stock price jumped by 90% this year. Recently, however, the stock has dropped by over 35% this year as concerns about the AI bubble have remained.</p>
<div class="lb-trans"><p>与此同时，软银的股价今年上涨了 90%。然而，最近该股因对人工智能泡沫的担忧而下跌超过 35%。</p>
</div><p>On the other hand, the top laggards in the Nikkei 225 Index in 2025 were companies like Itochu, KDDI, Bridgestone, Daiichi Sankyo, and Recruit Holdings, which dropped by over 20%.</p>
<div class="lb-trans"><p>另一方面，2025 年日经 225 指数中表现最差的公司包括伊藤忠、KDDI、普利司通、大冢制药和 Recruit Holdings，股价均下跌超过 20%。</p>
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以下是 2025 年日经 225 指数上涨的原因以及涨幅最大的股票