<p>要點：</p>
<ul>
<li>ASX 在假期前的最後一個交易日下跌 0.4%</li>
<li>交易清淡：成交量約為月均水平的 40%</li>
<li>銀行結束四天的上漲；該行業看似已充分定價</li>
<li>礦業股創下歷史新高；力拓在銅價突破 12000 美元時達到峯值</li>
</ul>
<p>作者：Shruti Agarwal</p>
<p>週三，澳大利亞股市下滑，投資者選擇在連續四個交易日的反彈後獲利了結，假期的清淡交易量和提前收盤進一步放大了這一走勢。</p>
<p>在本週最後一個交易日，S&amp;P/ASX 200 指數下跌 0.4%，報 8762.70 點，週四和週五市場因假期休市。然而，該基準指數本月迄今已上漲 1.7%。</p>
<p>Shaw and Partners 的高級投資顧問 Craig Sidney 將市場疲軟歸因於過去兩天市場上漲 2%，而標準普爾 500 指數僅上漲約 1%。</p>
<p>基準指數的成交量約為其月均水平的五成，反映出假期期間典型的低迷活動。</p>
<p>金融股下跌 0.4%，結束了由對長期高利率前景的押注支撐的四天上漲。該行業在之前的四個交易日中上漲了 2.9%。</p>
<p>根據 Sidney 的説法，經過一年的強勁上漲，該行業似乎沒有太多上漲空間，他指出銀行在 2026 年之前看似已充分定價。</p>
<p>四大銀行年初至今的漲幅在 5.5% 到 28.5% 之間，最大的貸款銀行 CBA 的表現最弱。</p>
<p>醫療保健股下跌 1.6%，CSL 下跌 2.4%。該子指數中最昂貴的股票在整個年度內對該行業造成了壓力，目前下跌了 37.6%。</p>
<p>礦業股是唯一的亮點，上漲 0.5%，連續第三個交易日創下歷史新高。</p>
<p>巨頭力拓上漲 0.8%，在銅價突破 12000 美元的背景下觸及新高，受美元走弱和供應緊張預期的推動。</p>
<p>黃金股追隨黃金的創紀錄反彈，再次達到新高。</p>
<p>與此同時，消費品（.AXDJ）和工業股（.AXNJ）分別下跌 0.7% 和 0.5%。</p>
<p>在塔斯曼海對岸，新西蘭基準的 S&amp;P/NZX 50 指數小幅上漲，報 13529.06 點。本月迄今該指數上漲 0.3%，此前在 11 月有所下跌。</p>

力拓

力拓集團

<p>澳大利亞股市在週三下跌了 0.4%，因在連續四個交易日的反彈後出現獲利回吐，且假期交易量稀薄。S&P/ASX 200 指數收於 8,762.70，銀行股結束了四天的上漲趨勢，礦業股創下歷史新高。醫療保健類股票下跌了 1.6%，而力拓上漲了 0.8%，因銅價飆升。市場將在週四和週五因假期休市</p>

<p>Key points:</p>
<div class="lb-trans"><p>要點：</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 在假期前的最後一個交易日下跌 0.4%</li>
<li>交易清淡：成交量約為月均水平的 40%</li>
<li>銀行結束四天的上漲；該行業看似已充分定價</li>
<li>礦業股創下歷史新高；力拓在銅價突破 12000 美元時達到峯值</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>週三，澳大利亞股市下滑，投資者選擇在連續四個交易日的反彈後獲利了結，假期的清淡交易量和提前收盤進一步放大了這一走勢。</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>在本週最後一個交易日，S&amp;P/ASX 200 指數下跌 0.4%，報 8762.70 點，週四和週五市場因假期休市。然而，該基準指數本月迄今已上漲 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 的高級投資顧問 Craig Sidney 將市場疲軟歸因於過去兩天市場上漲 2%，而標準普爾 500 指數僅上漲約 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>基準指數的成交量約為其月均水平的五成，反映出假期期間典型的低迷活動。</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%，結束了由對長期高利率前景的押注支撐的四天上漲。該行業在之前的四個交易日中上漲了 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>根據 Sidney 的説法，經過一年的強勁上漲，該行業似乎沒有太多上漲空間，他指出銀行在 2026 年之前看似已充分定價。</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>四大銀行年初至今的漲幅在 5.5% 到 28.5% 之間，最大的貸款銀行 CBA 的表現最弱。</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>醫療保健股下跌 1.6%，CSL 下跌 2.4%。該子指數中最昂貴的股票在整個年度內對該行業造成了壓力，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>礦業股是唯一的亮點，上漲 0.5%，連續第三個交易日創下歷史新高。</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>巨頭力拓上漲 0.8%，在銅價突破 12000 美元的背景下觸及新高，受美元走弱和供應緊張預期的推動。</p>
</div><p>Gold stocks  tracked bullion's record-breaking rally to hit another high.</p>
<div class="lb-trans"><p>黃金股追隨黃金的創紀錄反彈，再次達到新高。</p>
</div><p>Meanwhile, consumer discretionary (.AXDJ) stocks and industrials (.AXNJ) fell 0.7% and 0.5%, respectively.</p>
<div class="lb-trans"><p>與此同時，消費品（.AXDJ）和工業股（.AXNJ）分別下跌 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>在塔斯曼海對岸，新西蘭基準的 S&amp;P/NZX 50 指數小幅上漲，報 13529.06 點。本月迄今該指數上漲 0.3%，此前在 11 月有所下跌。</p>
</div>

澳大利亞股市在假期縮短的一週內因投資者獲利回吐而收低