<p>要点：</p>
<ul>
<li>新兴市场股票上涨 1%，外汇上涨 0.2%</li>
<li>以色列利率决策即将公布</li>
<li>南非预算将在本周晚些时候公布</li>
</ul>
<p>作者：Pranav Kashyap</p>
<p>周一，大多数新兴市场股票上涨，投资者继续从美国资产中撤出，因美国关税的不确定性加剧，而以色列在利率决策前成为关注焦点。</p>
<p>MSCI 跟踪新兴市场股票的指数 CBOE:EFS 上涨 1%，而货币等价物 (.MIEM00000CUS) 微涨 0.2%。</p>
<p>在美国最高法院推翻特朗普总统的紧急关税后，已经向新兴市场稳步转移的趋势受到了一系列关税新闻的额外推动，特朗普随后宣布对世界其他地区征收 10% 的新关税，随后又将其提高至 15%。</p>
<p>这继续对美元施加压力，为新兴市场货币提供了一些喘息空间。</p>
<p>在亚洲，科技股主导市场上涨。香港和韩国的股票表现突出，投资者为本周晚些时候的英伟达财报做好准备，结果被广泛视为不仅是人工智能交易的风向标，也是全球风险偏好的重要指标。</p>
<p>分析师对新兴市场保持乐观。更广泛的新兴市场股票指数目前有望实现超过 3% 的月度涨幅，波兰、土耳其、罗马尼亚和南非的基准指数均指向上涨，即使在本月因人工智能和软件股的抛售而市场受到冲击的情况下。相比之下，美国标准普尔 500 指数预计将以亏损结束本月。</p>
<p>CMC Markets 全球市场负责人 Laurence Booth 表示，未来一周可能是关键，因为英伟达的财报即将发布。</p>
<p>&#34;不仅是英伟达的投资者在公司财报发布前感到紧张；整个全球股市可能都处于紧张状态，因为人工智能交易的重要性。&#34;</p>
<p>中东欧的股票当天小幅上涨，而货币则小幅下跌。</p>
<p>波兰兹罗提持平，而股票在 1 月份零售销售数据强劲后上涨 0.8%。</p>
<p>南非股票上涨 1%，因关注 2026 年国家预算，分析师表示该预算是在&#34;相对有利的宏观经济背景&#34;下制定的。预算将在本周晚些时候公布。</p>
<p>&#34;叙述已经从危机管理明显转向可信的、以改革为导向的复苏。关键网络行业的实质性进展正在解锁，&#34;德意志银行 CEEMEA 及拉美研究负责人 Christian Wietoska 表示。</p>
<p>越南股票上涨 2%，因特朗普在周五晚间表示将努力将河内从限制访问美国先进技术的国家名单中移除。</p>
<p>利率决策：以色列、尼日利亚、匈牙利</p>
<p>在特拉维夫，股票和谢克尔在利率决策前持平，预计中央银行将连续第三次下调短期利率。</p>
<p>然而，市场的谨慎语气反映出对被广泛视为渐进主义者的行长阿米尔·亚龙的怀疑，认为他在以色列与哈马斯之间的两年战争后，经济仍在恢复的情况下会连续三次降息。</p>
<p>与此同时，尼日利亚的奈拉 (EURNGN=) 在周二的利率决策前滑落至一周低点，而匈牙利福林上涨 0.2%，其利率决策也在周二。</p>
<p>获取新兴市场的最新新闻</p>

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<p>新兴市场（EM）股票上涨了 1%，货币升值了 0.2%，因为投资者在关税不确定性中转向非美国资产。跟踪新兴市场股票的 MSCI 指数上涨，尤其是在香港和韩国等科技股占主导的市场，因 Nvidia 的财报即将发布。分析师对新兴市场股票持乐观态度，预计每月收益超过 3%。南非股市因国家预算的预期上涨了 1%，而以色列的利率决策也在即。谨慎的市场情绪反映了各地区持续的经济复苏担忧</p>

<p>Key points:</p>
<div class="lb-trans"><p>要点：</p>
</div><ul>
<li>EM stocks up 1%, FX up 0.2%</li>
<li>Israel interest rate decision due</li>
<li>South Africa budget due later this week</li>
</ul>
<div class="lb-trans"><ul>
<li>新兴市场股票上涨 1%，外汇上涨 0.2%</li>
<li>以色列利率决策即将公布</li>
<li>南非预算将在本周晚些时候公布</li>
</ul>
</div><p>By Pranav Kashyap</p>
<div class="lb-trans"><p>作者：Pranav Kashyap</p>
</div><p>Most emerging-market stocks advanced on Monday as investors continued to rotate out of U.S. assets, spooked by fresh uncertainty around U.S. tariffs, while Israel moved into focus ahead of an interest-rate decision.</p>
<div class="lb-trans"><p>周一，大多数新兴市场股票上涨，投资者继续从美国资产中撤出，因美国关税的不确定性加剧，而以色列在利率决策前成为关注焦点。</p>
</div><p>MSCI's index tracking EM stocks CBOE:EFS jumped 1%, while the currency equivalent (.MIEM00000CUS) inched up 0.2%.</p>
<div class="lb-trans"><p>MSCI 跟踪新兴市场股票的指数 CBOE:EFS 上涨 1%，而货币等价物 (.MIEM00000CUS) 微涨 0.2%。</p>
</div><p>What was already a steady shift toward emerging markets got an extra jolt after a series of tariff headlines in the United States when the Supreme Court struck down President Donald Trump's emergency tariffs, prompting him to announce a new 10% levy on the rest of the world, only to raise it again to 15% soon after.</p>
<div class="lb-trans"><p>在美国最高法院推翻特朗普总统的紧急关税后，已经向新兴市场稳步转移的趋势受到了一系列关税新闻的额外推动，特朗普随后宣布对世界其他地区征收 10% 的新关税，随后又将其提高至 15%。</p>
</div><p>That continued to weigh on the dollar , giving emerging-market currencies some breathing room.</p>
<div class="lb-trans"><p>这继续对美元施加压力，为新兴市场货币提供了一些喘息空间。</p>
</div><p>Across Asia, tech-heavy markets led the charge. Shares in Hong Kong  and South Korea  posted standout gains as investors braced for Nvidia's earnings later this week, results widely seen as a bellwether not just for the AI trade, but for global risk appetite more broadly.</p>
<div class="lb-trans"><p>在亚洲，科技股主导市场上涨。香港和韩国的股票表现突出，投资者为本周晚些时候的英伟达财报做好准备，结果被广泛视为不仅是人工智能交易的风向标，也是全球风险偏好的重要指标。</p>
</div><p>Analysts remained bullish on emerging markets. The broader EM equity gauge is now on track for monthly gains of more than 3%, with benchmarks in Poland , Turkey , Romania , and South Africa  all pointing higher, even after the markets were rattled this month by selloffs in AI and software names amid mixed economic data. By contrast, the U.S. S&amp;P 500  is set to finish the month in the red.</p>
<div class="lb-trans"><p>分析师对新兴市场保持乐观。更广泛的新兴市场股票指数目前有望实现超过 3% 的月度涨幅，波兰、土耳其、罗马尼亚和南非的基准指数均指向上涨，即使在本月因人工智能和软件股的抛售而市场受到冲击的情况下。相比之下，美国标准普尔 500 指数预计将以亏损结束本月。</p>
</div><p>Laurence Booth, global head of markets at CMC Markets, said the week ahead could be pivotal with Nvidia's report looming.</p>
<div class="lb-trans"><p>CMC Markets 全球市场负责人 Laurence Booth 表示，未来一周可能是关键，因为英伟达的财报即将发布。</p>
</div><p>&#34;It's not only Nvidia investors who will be nervous ahead of the company’s results; the entire global equity market may be on edge, given the importance of the AI trade.&#34;</p>
<div class="lb-trans"><p>&#34;不仅是英伟达的投资者在公司财报发布前感到紧张；整个全球股市可能都处于紧张状态，因为人工智能交易的重要性。&#34;</p>
</div><p>Stocks in central and eastern Europe on the day saw modest gains, while currencies inched lower.</p>
<div class="lb-trans"><p>中东欧的股票当天小幅上涨，而货币则小幅下跌。</p>
</div><p>The Polish zloty was flat, while stocks rose 0.8% following a hot reading of January retail sales.</p>
<div class="lb-trans"><p>波兰兹罗提持平，而股票在 1 月份零售销售数据强劲后上涨 0.8%。</p>
</div><p>South African shares  jumped 1% as attention shifted to the 2026 national budget, which analysts said was set against a &#34;relatively favourable macroeconomic backdrop.&#34; The budget is due later this week.</p>
<div class="lb-trans"><p>南非股票上涨 1%，因关注 2026 年国家预算，分析师表示该预算是在&#34;相对有利的宏观经济背景&#34;下制定的。预算将在本周晚些时候公布。</p>
</div><p>&#34;The narrative has convincingly shifted from crisis management to a credible, reform-led recovery. Tangible progress in unblocking the key network industries,&#34; said Christian Wietoska, head of CEEMEA &amp; LatAm Research at Deutsche Bank.</p>
<div class="lb-trans"><p>&#34;叙述已经从危机管理明显转向可信的、以改革为导向的复苏。关键网络行业的实质性进展正在解锁，&#34;德意志银行 CEEMEA 及拉美研究负责人 Christian Wietoska 表示。</p>
</div><p>Vietnam stocks  climbed 2% after Trump said late Friday he would work to remove Hanoi from the lists of countries restricted from accessing U.S. advanced technology.</p>
<div class="lb-trans"><p>越南股票上涨 2%，因特朗普在周五晚间表示将努力将河内从限制访问美国先进技术的国家名单中移除。</p>
</div><p>INTEREST RATE DECISIONS: ISRAEL, NIGERIA, HUNGARY</p>
<div class="lb-trans"><p>利率决策：以色列、尼日利亚、匈牙利</p>
</div><p>In Tel Aviv, stocks  as well as the shekel  were flat ahead of an interest-rate decision where the central bank is expected to cut short-term rates for a third consecutive time.</p>
<div class="lb-trans"><p>在特拉维夫，股票和谢克尔在利率决策前持平，预计中央银行将连续第三次下调短期利率。</p>
</div><p>Still, the cautious tone in markets reflects doubts that Governor Amir Yaron, widely viewed as a gradualist, would deliver three straight cuts while the economy continues to recover from the two-year war between Israel and the Palestinian militant group Hamas in Gaza.</p>
<div class="lb-trans"><p>然而，市场的谨慎语气反映出对被广泛视为渐进主义者的行长阿米尔·亚龙的怀疑，认为他在以色列与哈马斯之间的两年战争后，经济仍在恢复的情况下会连续三次降息。</p>
</div><p>Meanwhile, Nigeria's naira (EURNGN=) slid to one-week lows against the euro ahead of its own rate decision on Tuesday, while the Hungarian forint gained 0.2%, with its interest rate decision also on Tuesday.</p>
<div class="lb-trans"><p>与此同时，尼日利亚的奈拉 (EURNGN=) 在周二的利率决策前滑落至一周低点，而匈牙利福林上涨 0.2%，其利率决策也在周二。</p>
</div><p>For TOP NEWS across emerging markets</p>
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EM shares climb, currencies firm as US tariff confusion spurs diversification

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由于美国关税政策的混乱推动了投资多元化，新兴市场股票上涨，货币走强