<p>週三，亞洲股市上漲，此前特朗普總統表示華盛頓可能在未來兩天內在巴基斯坦與伊朗舉行新一輪談判，重燃了外交可能遏制最新對抗的希望。</p>
<p>語氣的轉變幫助緩解了能源市場的壓力，油價延續了過夜的跌幅，投資者在經歷了波動的開局後重新迴歸風險資產。</p>
<p>這一緩解措施範圍廣泛。</p>
<p>MSCI 亞太地區（不包括日本）最廣泛的指數上漲 1.5%，達到六週來的最高點，而日本的日經指數上漲 1.2%，更接近近期的歷史最高點。</p>
<p>中國藍籌股上漲 0.5%，香港恒生指數攀升 1.2%，這表明投資者願意超越眼前的地緣政治衝擊，轉而關注談判結果的可能性。</p>
<p><strong>外交希望提振市場情緒</strong></p>
<p>儘管華盛頓在週末對伊朗港口實施封鎖，導致與德黑蘭核計劃的爭端加劇，但市場仍受到談判可能繼續進行的跡象的鼓舞。</p>
<p>巴基斯坦和伊朗官員也表示討論仍然可能進行，幫助投資者至少預期到緩和局勢的可能性，尤其是在週一的急劇拋售之後。</p>
<p>“看起來外交得到了喘息的機會，這是積極的，” IIFL 證券的市場分析師 Gaurav Goyal 表示。</p>
<p>“伊朗可能會退讓，談判可能會恢復。”</p>
<p>這一觀點幫助支撐了該地區的漲幅，特別是在那些受到油價早期上漲和更廣泛衝突風險影響最嚴重的市場。</p>
<p>日本股市是表現較強的市場之一，反映出隨着地緣政治緊張局勢緩解，風險情緒有所改善。</p>
<p>這一舉動使東京基準指數更接近今年早些時候創下的歷史高點，突顯出當市場感知到地緣政治緊張局勢可能不會導致更深層次的干擾時，情緒可以迅速改善。</p>
<p><strong>油價下跌，通脹擔憂緩解</strong></p>
<p>由於交易員擔心供應緊張和航運路線受阻，油價在本週早些時候飆升，但隨着外交希望的迴歸，油價開始下跌。</p>
<p>美國原油下跌 0.6%，至每桶約 90.6 美元，而布倫特原油下跌 0.7%，至 94.13 美元。</p>
<p>這一下降是在過夜幾乎下跌 5% 之後，表明交易員正在解除一些在能源市場中建立的風險溢價。</p>
<p>油價的回落也幫助平息了對通脹的擔憂。</p>
<p>投資者在本週的大部分時間裏擔心更高的燃料成本會迅速傳導到更廣泛的價格中，從而使中央銀行的前景複雜化。</p>
<p>3 月份生產者價格指數低於預期，進一步增強了這種緩解感，表明管道通脹可能沒有像擔心的那樣加速。</p>
<p>IG 的市場分析師 Tony Sycamore 表示，風險資產的強勁反映出投資者越來越願意忽視與中東相關的短期波動。</p>
<p>他説，只要持續出現恢復外交的跡象，能源價格應該會緩和，市場的建設性情緒可能會持續。</p>
<p><strong>債券和貨幣保持克制</strong></p>
<p>債券和貨幣的波動較為温和。</p>
<p>美元在連續七個交易日下跌後企穩，交易在 158.9 日元左右，而歐元則在 1.1791 美元附近變化不大，保持在近期高位附近。</p>
<p>在利率方面，儘管股市反彈，美國國債收益率仍有所下降，投資者保持了一定的安全資產敞口。</p>
<p>10 年期美國國債收益率略微下降至約 4.24%，而長期收益率也有所下滑。</p>
<p>這表明，儘管市場情緒有所改善，但投資者尚未完全準備好放棄防禦性頭寸。</p>
<p><strong>風險仍然受到關注</strong></p>
<p>儘管語氣有所改善，但風險並未消失。</p>
<p>華盛頓與德黑蘭之間的對峙繼續威脅關鍵的石油出口路線，而國際貨幣基金組織對全球經濟增長前景的最新下調提醒人們，整體經濟背景已經脆弱。</p>
<p>亞洲股市受到油價下跌和外交希望重燃的啓發，但反彈的持久性將取決於這些信號是否轉化為更具體的結果。</p>
<p>如果談判確實進行，能源價格繼續回落，市場可能會延續反彈。</p>
<p>如果沒有，最新的股市上漲可能會證明只是一個短暫的緩解，在已經動盪的季度中再度出現。</p>

3110

3189

2809

<p>亞洲股市在週三大幅上漲，日本日經 225 指數上漲 1.2%，接近其歷史高點，此次上漲是由於特朗普總統宣佈可能與伊朗進行會談。MSCI 亞太指數上漲 1.5%，反映出在油價回落和通脹擔憂減輕的背景下，投資者情緒改善。儘管地緣政治緊張局勢依然存在，分析師認為，重新啓動外交關係可能會穩定市場。然而，風險依然存在，包括華盛頓與德黑蘭之間的對峙，以及國際貨幣基金組織下調的全球增長前景，這可能會影響此次反彈的可持續性</p>

<p>Asian stocks rose on Wednesday after President Donald Trump said Washington could hold fresh talks with Iran in Pakistan within the next two days, reviving hopes that diplomacy may yet contain the latest confrontation.</p>
<div class="lb-trans"><p>週三，亞洲股市上漲，此前特朗普總統表示華盛頓可能在未來兩天內在巴基斯坦與伊朗舉行新一輪談判，重燃了外交可能遏制最新對抗的希望。</p>
</div><p>The shift in tone helped ease pressure across energy markets, with oil extending overnight losses and investors returning to risk assets after a volatile start to the week.</p>
<div class="lb-trans"><p>語氣的轉變幫助緩解了能源市場的壓力，油價延續了過夜的跌幅，投資者在經歷了波動的開局後重新迴歸風險資產。</p>
</div><p>The relief move was broad.</p>
<div class="lb-trans"><p>這一緩解措施範圍廣泛。</p>
</div><p>MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a six-week high, while Japan’s Nikkei advanced 1.2%, moving closer to its recent record peak.</p>
<div class="lb-trans"><p>MSCI 亞太地區（不包括日本）最廣泛的指數上漲 1.5%，達到六週來的最高點，而日本的日經指數上漲 1.2%，更接近近期的歷史最高點。</p>
</div><p>Chinese blue chips added 0.5% and Hong Kong’s Hang Seng climbed 1.2%, suggesting investors were willing to look beyond the immediate geopolitical shock and focus instead on the possibility of a negotiated outcome.</p>
<div class="lb-trans"><p>中國藍籌股上漲 0.5%，香港恒生指數攀升 1.2%，這表明投資者願意超越眼前的地緣政治衝擊，轉而關注談判結果的可能性。</p>
</div><p><strong>Diplomacy hopes lift sentiment</strong></p>
<div class="lb-trans"><p><strong>外交希望提振市場情緒</strong></p>
</div><p>Markets were encouraged by signs that talks may still go ahead even after Washington imposed a blockade on Iranian ports over the weekend in a worsening dispute over Tehran’s nuclear programme.</p>
<div class="lb-trans"><p>儘管華盛頓在週末對伊朗港口實施封鎖，導致與德黑蘭核計劃的爭端加劇，但市場仍受到談判可能繼續進行的跡象的鼓舞。</p>
</div><p>Pakistani and Iranian officials also indicated that discussions could still take place, helping investors to price in at least the prospect of de-escalation after Monday’s sharp sell-off.</p>
<div class="lb-trans"><p>巴基斯坦和伊朗官員也表示討論仍然可能進行，幫助投資者至少預期到緩和局勢的可能性，尤其是在週一的急劇拋售之後。</p>
</div><p>“It looks like diplomacy has been given a reprieve and it is positive,” Gaurav Goyal, a market analyst at IIFL Securities, said.</p>
<div class="lb-trans"><p>“看起來外交得到了喘息的機會，這是積極的，” IIFL 證券的市場分析師 Gaurav Goyal 表示。</p>
</div><p>“Iran may back off and negotiations could be revived.”</p>
<div class="lb-trans"><p>“伊朗可能會退讓，談判可能會恢復。”</p>
</div><p>That view helped underpin gains across the region, particularly in markets that had been hit hardest by the earlier jump in oil and the risk of a wider conflict.</p>
<div class="lb-trans"><p>這一觀點幫助支撐了該地區的漲幅，特別是在那些受到油價早期上漲和更廣泛衝突風險影響最嚴重的市場。</p>
</div><p>Japanese shares were among the stronger performers, reflecting improved risk sentiment as geopolitical tensions showed signs of easing.</p>
<div class="lb-trans"><p>日本股市是表現較強的市場之一，反映出隨着地緣政治緊張局勢緩解，風險情緒有所改善。</p>
</div><p>The move pushed Tokyo’s benchmark closer to its record high reached earlier this year, underlining how quickly sentiment can improve when markets sense geopolitical tensions may stop short of a deeper disruption.</p>
<div class="lb-trans"><p>這一舉動使東京基準指數更接近今年早些時候創下的歷史高點，突顯出當市場感知到地緣政治緊張局勢可能不會導致更深層次的干擾時，情緒可以迅速改善。</p>
</div><p><strong>Oil falls and inflation fears ease</strong></p>
<div class="lb-trans"><p><strong>油價下跌，通脹擔憂緩解</strong></p>
</div><p>Oil prices, which had surged earlier in the week as traders feared tighter supply and disrupted shipping routes, moved lower as diplomatic hopes returned.</p>
<div class="lb-trans"><p>由於交易員擔心供應緊張和航運路線受阻，油價在本週早些時候飆升，但隨着外交希望的迴歸，油價開始下跌。</p>
</div><p>US crude fell 0.6% to around $90.6 a barrel, while Brent lost 0.7% to $94.13.</p>
<div class="lb-trans"><p>美國原油下跌 0.6%，至每桶約 90.6 美元，而布倫特原油下跌 0.7%，至 94.13 美元。</p>
</div><p>The decline followed an almost 5% drop overnight, a sign that traders were unwinding some of the risk premium built into energy markets.</p>
<div class="lb-trans"><p>這一下降是在過夜幾乎下跌 5% 之後，表明交易員正在解除一些在能源市場中建立的風險溢價。</p>
</div><p>That retreat in oil also helped calm concerns about inflation.</p>
<div class="lb-trans"><p>油價的回落也幫助平息了對通脹的擔憂。</p>
</div><p>Investors had spent much of the week worrying that higher fuel costs would feed rapidly into broader prices and complicate the outlook for central banks.</p>
<div class="lb-trans"><p>投資者在本週的大部分時間裏擔心更高的燃料成本會迅速傳導到更廣泛的價格中，從而使中央銀行的前景複雜化。</p>
</div><p>A softer-than-expected March producer price reading added to that sense of relief, suggesting pipeline inflation may not be accelerating as quickly as feared.</p>
<div class="lb-trans"><p>3 月份生產者價格指數低於預期，進一步增強了這種緩解感，表明管道通脹可能沒有像擔心的那樣加速。</p>
</div><p>Tony Sycamore, market analyst at IG, said the strength in risk assets reflected a growing willingness among investors to look through the immediate volatility tied to the Middle East.</p>
<div class="lb-trans"><p>IG 的市場分析師 Tony Sycamore 表示，風險資產的強勁反映出投資者越來越願意忽視與中東相關的短期波動。</p>
</div><p>As long as signs of renewed diplomacy continue to emerge, he said, energy prices should ease and the more constructive market mood could continue.</p>
<div class="lb-trans"><p>他説，只要持續出現恢復外交的跡象，能源價格應該會緩和，市場的建設性情緒可能會持續。</p>
</div><p><strong>Bonds and currencies stay restrained</strong></p>
<div class="lb-trans"><p><strong>債券和貨幣保持克制</strong></p>
</div><p>Moves in bonds and currencies were more measured.</p>
<div class="lb-trans"><p>債券和貨幣的波動較為温和。</p>
</div><p>The dollar steadied after seven consecutive sessions of losses, trading around 158.9 yen, while the euro was little changed at $1.1791, holding near recent highs.</p>
<div class="lb-trans"><p>美元在連續七個交易日下跌後企穩，交易在 158.9 日元左右，而歐元則在 1.1791 美元附近變化不大，保持在近期高位附近。</p>
</div><p>In rates, US Treasury yields dipped as investors maintained some exposure to safer assets even as equities rallied.</p>
<div class="lb-trans"><p>在利率方面，儘管股市反彈，美國國債收益率仍有所下降，投資者保持了一定的安全資產敞口。</p>
</div><p>The yield on the 10-year US Treasury note eased slightly to around 4.24%, while longer-dated yields also edged lower.</p>
<div class="lb-trans"><p>10 年期美國國債收益率略微下降至約 4.24%，而長期收益率也有所下滑。</p>
</div><p>That suggested some caution remained beneath the surface, with investors not yet prepared to abandon defensive positions entirely.</p>
<div class="lb-trans"><p>這表明，儘管市場情緒有所改善，但投資者尚未完全準備好放棄防禦性頭寸。</p>
</div><p><strong>Risks remain in focus</strong></p>
<div class="lb-trans"><p><strong>風險仍然受到關注</strong></p>
</div><p>For all the improved tone, the risks have not disappeared.</p>
<div class="lb-trans"><p>儘管語氣有所改善，但風險並未消失。</p>
</div><p>The stand-off between Washington and Tehran continues to threaten key oil export routes, while the International Monetary Fund’s latest downgrade to the global growth outlook offered a reminder that the broader economic backdrop is already fragile.</p>
<div class="lb-trans"><p>華盛頓與德黑蘭之間的對峙繼續威脅關鍵的石油出口路線，而國際貨幣基金組織對全球經濟增長前景的最新下調提醒人們，整體經濟背景已經脆弱。</p>
</div><p>Asian equities took their cue from lower oil prices and renewed diplomacy hopes, but the durability of the rally will depend on whether those signals turn into something more concrete.</p>
<div class="lb-trans"><p>亞洲股市受到油價下跌和外交希望重燃的啓發，但反彈的持久性將取決於這些信號是否轉化為更具體的結果。</p>
</div><p>If talks do go ahead and energy prices continue to retreat, markets may extend their rebound.</p>
<div class="lb-trans"><p>如果談判確實進行，能源價格繼續回落，市場可能會延續反彈。</p>
</div><p>If not, the latest rise in stocks could prove to be another short-lived burst of relief in an already unsettled quarter.</p>
<div class="lb-trans"><p>如果沒有，最新的股市上漲可能會證明只是一個短暫的緩解，在已經動盪的季度中再度出現。</p>
</div>

Nikkei 225 jumps near record as Asian Markets rally on Iran talk hopes

Invezz

Nitto Boseki Co., Ltd.

ANAP Inc.

Kewpie Corporation

Rasa Corporation

Yutaka Foods Corporation

Soliton Systems K.K.

Tokai Holdings Corporation

Tokyo Ichiban Foods Co., Ltd.

JFLA Holdings, Inc.

Yamami Co.

BlackRock, Inc.

2 倍做空日元 ETF - ProShares

日經 225 指數接近創紀錄高位，亞洲市場因對伊朗談判的希望而上漲