<p>TradingKey - 对于美国与伊朗谈判恢复的乐观预期是亚太市场周二的核心驱动力。科技股，特别是半导体行业，集体突破，推动多个主要指数上涨。</p>
<p>韩国 KOSPI 指数上涨 2.7%，收于 6,388.47 点，延续前一天的涨幅，并在当天最高点创下新纪录。</p>
<p>日经 225 指数上涨 0.9%，收于 59,349.17 点，接近历史最高点；台湾加权指数上涨 1.75%；香港恒生指数上涨 0.48%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260421/kor-7f6470b06236434f878f20858f412daf.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260421/kor-7f6470b06236434f878f20858f412daf.jpg"/></p>
<p>韩国股市的强劲表现主要得益于芯片巨头。三星电子的股价上涨超过 2%，而 SK 海力士的股价上涨近 5%，首次突破 122 万韩元大关，创下历史新高。</p>
<p>在前一个月，外国投资者在韩国股票市场创下了 35 万亿韩元（约 238 亿美元）的抛售纪录，但近期资本显示出回流的迹象。</p>
<p>自美国与伊朗冲突爆发以来，KOSPI 指数经历了极端波动，包括单日暴跌 12% 和上涨 9%。然而，分析师指出，市场对中东地缘政治风险的敏感性正在下降，整体波动性有所缓和。</p>
<p>摩根士丹利（MS）最新的研究报告显示，亚洲半导体出口数据持续超出市场预期，人工智能硬件需求尚未显现放缓迹象。韩国和台湾在全球人工智能供应链中仍是最直接的受益者。该公司认为，近期的关注应集中在美国科技巨头即将公布的财报上；如果资本支出指引进一步上调，亚太科技股可能会迎来新一轮的估值重估。</p>
<p>市场对美国与伊朗谈判的预期是推动此次反弹的关键因素。美国总统特朗普在 20 日表示，副总统彭斯当天将前往巴基斯坦，21 日将进行新一轮谈判。然而，伊朗尚未确认其参与。作为东道主，巴基斯坦正在积极调解，一位高级政府官员表示对促成伊朗的参与充满信心。</p>
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<p>乐观的预期推动了美伊谈判，亚太股市上涨，韩国 KOSPI 指数飙升 2.7%，创下 6,388.47 点的历史新高。科技股，尤其是半导体行业，领涨，三星电子和 SK 海力士的股价大幅上涨。尽管之前市场波动较大，但对地缘政治风险的敏感性正在下降。摩根士丹利的报告强调了亚洲半导体出口强劲和人工智能硬件需求，暗示科技股有进一步估值重估的潜力。市场关注美国科技巨头即将公布的财报，谈判仍在进行中</p>

<p>TradingKey - Optimistic expectations regarding the resumption of U.S.-Iran negotiations were the core driver for Asia-Pacific markets on Tuesday. Tech stocks, particularly the semiconductor sector, saw a collective breakout, leading several major indices higher.</p>
<div class="lb-trans"><p>TradingKey - 对于美国与伊朗谈判恢复的乐观预期是亚太市场周二的核心驱动力。科技股，特别是半导体行业，集体突破，推动多个主要指数上涨。</p>
</div><p>South Korea's KOSPI surged 2.7% to close at 6,388.47 points, extending the previous day's gains and setting a new record high by finishing at the day's peak.</p>
<div class="lb-trans"><p>韩国 KOSPI 指数上涨 2.7%，收于 6,388.47 点，延续前一天的涨幅，并在当天最高点创下新纪录。</p>
</div><p>The Nikkei 225 index closed up 0.9% at 59,349.17 points, nearing its all-time high; the Taiwan Weighted Index rose 1.75%; and the Hong Kong Hang Seng Index followed with a 0.48% gain.</p>
<div class="lb-trans"><p>日经 225 指数上涨 0.9%，收于 59,349.17 点，接近历史最高点；台湾加权指数上涨 1.75%；香港恒生指数上涨 0.48%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260421/kor-7f6470b06236434f878f20858f412daf.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20260421/kor-7f6470b06236434f878f20858f412daf.jpg"/></p>
<p>The strong performance of the South Korean stock market was primarily driven by chip giants. Shares of heavyweight Samsung Electronics rose more than 2%, while SK Hynix jumped nearly 5%, breaking through the 1.22 million won mark for the first time and hitting a record high.</p>
<div class="lb-trans"><p>韩国股市的强劲表现主要得益于芯片巨头。三星电子的股价上涨超过 2%，而 SK 海力士的股价上涨近 5%，首次突破 122 万韩元大关，创下历史新高。</p>
</div><p>In the preceding month, foreign investors sold a record 35 trillion won (approximately $23.8 billion) in South Korean equities, but capital has recently shown signs of flowing back.</p>
<div class="lb-trans"><p>在前一个月，外国投资者在韩国股票市场创下了 35 万亿韩元（约 238 亿美元）的抛售纪录，但近期资本显示出回流的迹象。</p>
</div><p>Since the outbreak of the U.S.-Iran conflict, the KOSPI index has experienced extreme volatility, including a 12% single-day crash and a 9% surge. However, analysts noted that market sensitivity to geopolitical risks in the Middle East is declining, and overall volatility has moderated.</p>
<div class="lb-trans"><p>自美国与伊朗冲突爆发以来，KOSPI 指数经历了极端波动，包括单日暴跌 12% 和上涨 9%。然而，分析师指出，市场对中东地缘政治风险的敏感性正在下降，整体波动性有所缓和。</p>
</div><p>Morgan Stanley (MS)'s latest research report shows that Asian semiconductor export data continues to exceed market expectations, and AI hardware demand has yet to show signs of slowing. South Korea and Taiwan remain the most direct beneficiaries in the global AI supply chain. The firm believes that near-term focus should be on upcoming earnings from U.S. tech giants; if capex guidance is further revised upward, Asia-Pacific tech stocks could see another round of valuation rerating.</p>
<div class="lb-trans"><p>摩根士丹利（MS）最新的研究报告显示，亚洲半导体出口数据持续超出市场预期，人工智能硬件需求尚未显现放缓迹象。韩国和台湾在全球人工智能供应链中仍是最直接的受益者。该公司认为，近期的关注应集中在美国科技巨头即将公布的财报上；如果资本支出指引进一步上调，亚太科技股可能会迎来新一轮的估值重估。</p>
</div><p>Market expectations for U.S.-Iran negotiations are a key factor driving this rally. U.S. President Trump stated on the 20th that Vice President Vance would travel to Pakistan later that day, with a new round of talks scheduled for the 21st. However, Iran has not yet confirmed its participation. As the host, Pakistan is actively mediating, and a senior government official expressed confidence in facilitating Iran's involvement.</p>
<div class="lb-trans"><p>市场对美国与伊朗谈判的预期是推动此次反弹的关键因素。美国总统特朗普在 20 日表示，副总统彭斯当天将前往巴基斯坦，21 日将进行新一轮谈判。然而，伊朗尚未确认其参与。作为东道主，巴基斯坦正在积极调解，一位高级政府官员表示对促成伊朗的参与充满信心。</p>
</div><p>Find out more</p>
<div class="lb-trans"><p>了解更多</p>
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Improving Geopolitical Expectations Drive Asia-Pacific Stocks to Close Higher, South Korean Stocks Hit Record Peaks

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MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

地缘政治预期的改善推动亚太股市收盘走高，韩国股市创下历史新高