<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="768" height="509" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe"/></p>
<p>交易者在聖誕假期前情緒樂觀（Daniel ROLAND）</p>
<p>週二，股票市場延續全球反彈，而黃金和白銀創下新高，因對美國進一步降息和緩解人工智能恐慌的樂觀情緒幫助投資者以積極的心態迎接節日假期。</p>
<p>數據顯示美國失業率上升和通脹放緩，為美聯儲降低借貸成本提供了更多空間，並在近期市場下滑後為市場注入了急需的活力。</p>
<p>這還受到美光科技發佈的強勁財報的推動，重新激發了科技公司的活力。</p>
<p>由於對人工智能相關領域的巨大投資，該行業成為今年全球市場飆升至歷史新高的關鍵驅動力，但這一交易在最近幾個月受到質疑，引發了泡沫可能破裂的擔憂。</p>
<p>由於華爾街缺乏推動上漲的催化劑，週一科技股再次成為買入的重點，芯片巨頭英偉達和特斯拉領跑。</p>
<p>“投入人工智能的資金數量令人矚目，” MCH Market Insights 的 Michael Hewson 寫道。</p>
<p>他説，投入該行業的鉅額資金 “不可避免地引發了關於這些資金將如何融資的問題，因為所有相關公司似乎都在進行一場現金投資的接力賽。”</p>
<p>“這些交易也引發了關於這些現金將如何產生長期投資回報的各種問題，” 他補充道。</p>
<p>“隨着問題的提出……我們可能會開始更現實地瞭解誰是可能的贏家和輸家，而輸家可能會受到嚴厲懲罰。”</p>
<p>亞洲市場也享受到了更多的買入，東京、香港、上海、悉尼、新加坡、首爾、台北、惠靈頓和雅加達均大幅上漲。</p>
<p>在對美國進一步降息的預期推動下，貴金屬價格也在不斷上漲，這使得它們對投資者更具吸引力。</p>
<p>黃金價格接近每盎司 4500 美元，而白銀價格接近每盎司 70 美元，美國對委內瑞拉的封鎖和烏克蘭衝突為此增添了地緣政治的複雜性。</p>
<p>“推動這兩者在今年創下歷史新高的結構性順風仍然存在，無論是中央銀行對黃金的需求，還是對白銀的工業需求激增，” Saxo Markets 的 Neil Wilson 表示。</p>
<p>“最新的上漲是在上週美國的温和通脹和就業數據發佈後出現的，這強化了對美聯儲明年政策放鬆的預期。地緣政治也是一個因素。”</p>
<p>油價下跌，週一因對華盛頓針對加拉加斯措施的擔憂而上漲超過 2%。</p>
<p>美國已控制兩艘油輪，並正在追逐第三艘，特朗普總統上週下令對前往和離開委內瑞拉的 “受制裁” 油輪實施封鎖。</p>
<p>- 關鍵數據在格林威治標準時間 0230 左右 -</p>
<p>東京 - 日經 225 指數：上漲 0.1%，報 50,442.12（休市）</p>
<p>香港 - 恒生指數：上漲 0.2%，報 25,850.32</p>
<p>上海 - 綜合指數：上漲 0.1%，報 3,922.71</p>
<p>美元/日元：下跌至 156.42 日元，較週一的 156.99 日元下跌</p>
<p>歐元/美元：上漲至 1.1776 美元，較 1.1756 美元上漲</p>
<p>英鎊/美元：上漲至 1.3481 美元，較 1.3458 美元上漲</p>
<p>歐元/英鎊：上漲至 87.36 便士，較 87.35 便士上漲</p>
<p>西德克薩斯中質油：下跌 0.1%，報每桶 57.94 美元</p>
<p>布倫特北海原油：下跌 0.1%，報每桶 62.00 美元</p>
<p>紐約 - 道瓊斯指數：上漲 0.5%，報 48,362.68（收盤）</p>
<p>倫敦 - 富時 100 指數：下跌 0.3%，報 9,865.97（收盤）</p>
<p>dan/mtp</p>

英偉達

<p>亞洲市場因對美國降息的樂觀情緒和緩解的人工智能擔憂而上漲，提振了投資者信心。由於降息預期，貴金屬價格創下歷史新高。美國數據顯示失業率上升和通脹放緩，為美聯儲降低借貸成本提供了空間。以英偉達和特斯拉為首的科技股推動了漲幅。地緣政治因素，包括美國對委內瑞拉的行動，影響了油價。東京、香港和上海的主要指數上漲，而油價略微下跌</p>

<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe"/></p>
<p>Traders are in a bullish mood going into the Christmas break (Daniel ROLAND)</p>
<div class="lb-trans"><p>交易者在聖誕假期前情緒樂觀（Daniel ROLAND）</p>
</div><p>Equities extended a global rally Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an easing of AI fears helped investors prepare for the festive break on a positive note.</p>
<div class="lb-trans"><p>週二，股票市場延續全球反彈，而黃金和白銀創下新高，因對美國進一步降息和緩解人工智能恐慌的樂觀情緒幫助投資者以積極的心態迎接節日假期。</p>
</div><p>Data showing US unemployment rising and inflation slowing gave the Federal Reserve more room to lower borrowing costs and provided some much-needed pep to markets after a recent swoon.</p>
<div class="lb-trans"><p>數據顯示美國失業率上升和通脹放緩，為美聯儲降低借貸成本提供了更多空間，並在近期市場下滑後為市場注入了急需的活力。</p>
</div><p>That was compounded by a blockbuster earnings report from Micron Technologies that reinvigorated tech firms.</p>
<div class="lb-trans"><p>這還受到美光科技發佈的強勁財報的推動，重新激發了科技公司的活力。</p>
</div><p>The sector has been the key driver of a surge in world markets to all-time highs this year owing to huge investments into all things artificial intelligence but that trade has been questioned in recent months, sparking fears of a bubble that could pop.</p>
<div class="lb-trans"><p>由於對人工智能相關領域的巨大投資，該行業成為今年全球市場飆升至歷史新高的關鍵驅動力，但這一交易在最近幾個月受到質疑，引發了泡沫可能破裂的擔憂。</p>
</div><p>With few catalysts to drive gains on Wall Street, tech was again at the forefront of buying Monday, with chip titan Nvidia and Tesla leading the way.</p>
<div class="lb-trans"><p>由於華爾街缺乏推動上漲的催化劑，週一科技股再次成為買入的重點，芯片巨頭英偉達和特斯拉領跑。</p>
</div><p>&#34;The amount of money being thrown towards AI has been eye-watering,&#34; wrote Michael Hewson of MCH Market Insights.</p>
<div class="lb-trans"><p>“投入人工智能的資金數量令人矚目，” MCH Market Insights 的 Michael Hewson 寫道。</p>
</div><p>He said the vast sums pumped into the sector &#34;has inevitably raised questions as to how all of this will be financed, when all the companies involved appear to be playing a game of pass the parcel when it comes to cash investment&#34;.</p>
<div class="lb-trans"><p>他説，投入該行業的鉅額資金 “不可避免地引發了關於這些資金將如何融資的問題，因為所有相關公司似乎都在進行一場現金投資的接力賽。”</p>
</div><p>&#34;These deals also raise all manner of questions about how this cash will generate a longer-term return on investment,&#34; he added.</p>
<div class="lb-trans"><p>“這些交易也引發了關於這些現金將如何產生長期投資回報的各種問題，” 他補充道。</p>
</div><p>&#34;With questions now being posed... we may start to get a more realistic picture of who the winners and losers are likely to be, with the losers likely to be punished heavily.&#34;</p>
<div class="lb-trans"><p>“隨着問題的提出……我們可能會開始更現實地瞭解誰是可能的贏家和輸家，而輸家可能會受到嚴厲懲罰。”</p>
</div><p>Asian markets enjoyed more buying, with Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Seoul, Taipei, Wellington and Jakarta all comfortably higher.</p>
<div class="lb-trans"><p>亞洲市場也享受到了更多的買入，東京、香港、上海、悉尼、新加坡、首爾、台北、惠靈頓和雅加達均大幅上漲。</p>
</div><p>Precious metals were also pushing ever higher on the back of expectations for more US rate cuts, which makes them more attractive to investors.</p>
<div class="lb-trans"><p>在對美國進一步降息的預期推動下，貴金屬價格也在不斷上漲，這使得它們對投資者更具吸引力。</p>
</div><p>Bullion was within a whisker of $4,500 per ounce, while silver was just short of $70 an ounce, with the US blockade against Venezuela and the Ukraine conflict adding a geopolitical twist.</p>
<div class="lb-trans"><p>黃金價格接近每盎司 4500 美元，而白銀價格接近每盎司 70 美元，美國對委內瑞拉的封鎖和烏克蘭衝突為此增添了地緣政治的複雜性。</p>
</div><p>&#34;The structural tailwinds that have driven both of these to record highs this year persist, be it central bank demand for gold or surging industrial demand for silver,&#34; said Neil Wilson at Saxo Markets.</p>
<div class="lb-trans"><p>“推動這兩者在今年創下歷史新高的結構性順風仍然存在，無論是中央銀行對黃金的需求，還是對白銀的工業需求激增，” Saxo Markets 的 Neil Wilson 表示。</p>
</div><p>&#34;The latest surge comes after soft inflation and employment readings in the US last week, which reinforced expectations around the Fed's policy easing next year. Geopolitics remains a factor, too.&#34;</p>
<div class="lb-trans"><p>“最新的上漲是在上週美國的温和通脹和就業數據發佈後出現的，這強化了對美聯儲明年政策放鬆的預期。地緣政治也是一個因素。”</p>
</div><p>Oil prices dipped, having jumped more than two percent Monday on concerns about Washington's measures against Caracas.</p>
<div class="lb-trans"><p>油價下跌，週一因對華盛頓針對加拉加斯措施的擔憂而上漲超過 2%。</p>
</div><p>The United States has taken control of two oil tankers and is chasing a third, after President Donald Trump last week ordered a blockade of &#34;sanctioned&#34; tankers heading to and leaving Venezuela.</p>
<div class="lb-trans"><p>美國已控制兩艘油輪，並正在追逐第三艘，特朗普總統上週下令對前往和離開委內瑞拉的 “受制裁” 油輪實施封鎖。</p>
</div><p>- Key figures at around 0230 GMT -</p>
<div class="lb-trans"><p>- 關鍵數據在格林威治標準時間 0230 左右 -</p>
</div><p>Tokyo - Nikkei 225: UP 0.1 percent at 50,442.12 (break)</p>
<div class="lb-trans"><p>東京 - 日經 225 指數：上漲 0.1%，報 50,442.12（休市）</p>
</div><p>Hong Kong - Hang Seng Index: UP 0.2 percent at 25,850.32</p>
<div class="lb-trans"><p>香港 - 恒生指數：上漲 0.2%，報 25,850.32</p>
</div><p>Shanghai - Composite: UP 0.1 percent at 3,922.71</p>
<div class="lb-trans"><p>上海 - 綜合指數：上漲 0.1%，報 3,922.71</p>
</div><p>Dollar/yen: DOWN at 156.42 yen from 156.99 yen on Monday</p>
<div class="lb-trans"><p>美元/日元：下跌至 156.42 日元，較週一的 156.99 日元下跌</p>
</div><p>Euro/dollar: UP at $1.1776 from $1.1756</p>
<div class="lb-trans"><p>歐元/美元：上漲至 1.1776 美元，較 1.1756 美元上漲</p>
</div><p>Pound/dollar: UP at $1.3481 from $1.3458</p>
<div class="lb-trans"><p>英鎊/美元：上漲至 1.3481 美元，較 1.3458 美元上漲</p>
</div><p>Euro/pound: UP at 87.36 pence from 87.35 pence</p>
<div class="lb-trans"><p>歐元/英鎊：上漲至 87.36 便士，較 87.35 便士上漲</p>
</div><p>West Texas Intermediate: DOWN 0.1 percent at $57.94 per barrel</p>
<div class="lb-trans"><p>西德克薩斯中質油：下跌 0.1%，報每桶 57.94 美元</p>
</div><p>Brent North Sea Crude: DOWN 0.1 percent at $62.00 per barrel</p>
<div class="lb-trans"><p>布倫特北海原油：下跌 0.1%，報每桶 62.00 美元</p>
</div><p>New York - Dow: UP 0.5 percent at 48,362.68 (close)</p>
<div class="lb-trans"><p>紐約 - 道瓊斯指數：上漲 0.5%，報 48,362.68（收盤）</p>
</div><p>London - FTSE 100: DOWN 0.3 percent at 9,865.97 (close)</p>
<div class="lb-trans"><p>倫敦 - 富時 100 指數：下跌 0.3%，報 9,865.97（收盤）</p>
</div><p>dan/mtp</p>
<div class="lb-trans"><p>dan/mtp</p>
</div>

Asian markets rally again as rate cut hopes bring Christmas cheer

- 全球股市在聖誕假期前繼續上漲，金銀價格創新高。  
- 美國失業率上升和通脹放緩為美聯儲降息提供空間。  
- 市場對科技股需求強勁，Nvidia 和特斯拉領漲。

由於降息的預期帶來了聖誕節的喜悦，亞洲市場再次上漲