<p>TradingKey - 對於美國與伊朗談判恢復的樂觀預期是亞太市場週二的核心驅動力。科技股，特別是半導體行業，集體突破，推動多個主要指數上漲。</p>
<p>韓國 KOSPI 指數上漲 2.7%，收於 6,388.47 點，延續前一天的漲幅，並在當天最高點創下新紀錄。</p>
<p>日經 225 指數上漲 0.9%，收於 59,349.17 點，接近歷史最高點；台灣加權指數上漲 1.75%；香港恒生指數上漲 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>韓國股市的強勁表現主要得益於芯片巨頭。三星電子的股價上漲超過 2%，而 SK 海力士的股價上漲近 5%，首次突破 122 萬韓元大關，創下歷史新高。</p>
<p>在前一個月，外國投資者在韓國股票市場創下了 35 萬億韓元（約 238 億美元）的拋售紀錄，但近期資本顯示出回流的跡象。</p>
<p>自美國與伊朗衝突爆發以來，KOSPI 指數經歷了極端波動，包括單日暴跌 12% 和上漲 9%。然而，分析師指出，市場對中東地緣政治風險的敏感性正在下降，整體波動性有所緩和。</p>
<p>摩根士丹利（MS）最新的研究報告顯示，亞洲半導體出口數據持續超出市場預期，人工智能硬件需求尚未顯現放緩跡象。韓國和台灣在全球人工智能供應鏈中仍是最直接的受益者。該公司認為，近期的關注應集中在美國科技巨頭即將公佈的財報上；如果資本支出指引進一步上調，亞太科技股可能會迎來新一輪的估值重估。</p>
<p>市場對美國與伊朗談判的預期是推動此次反彈的關鍵因素。美國總統特朗普在 20 日表示，副總統彭斯當天將前往巴基斯坦，21 日將進行新一輪談判。然而，伊朗尚未確認其參與。作為東道主，巴基斯坦正在積極調解，一位高級政府官員表示對促成伊朗的參與充滿信心。</p>
<p>瞭解更多</p>

SMSN

三星新材

南方兩倍做多海力士

<p>樂觀的預期推動了美伊談判，亞太股市上漲，韓國 KOSPI 指數飆升 2.7%，創下 6,388.47 點的歷史新高。科技股，尤其是半導體行業，領漲，三星電子和 SK 海力士的股價大幅上漲。儘管之前市場波動較大，但對地緣政治風險的敏感性正在下降。摩根士丹利的報告強調了亞洲半導體出口強勁和人工智能硬件需求，暗示科技股有進一步估值重估的潛力。市場關注美國科技巨頭即將公佈的財報，談判仍在進行中</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 - 對於美國與伊朗談判恢復的樂觀預期是亞太市場週二的核心驅動力。科技股，特別是半導體行業，集體突破，推動多個主要指數上漲。</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>韓國 KOSPI 指數上漲 2.7%，收於 6,388.47 點，延續前一天的漲幅，並在當天最高點創下新紀錄。</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>日經 225 指數上漲 0.9%，收於 59,349.17 點，接近歷史最高點；台灣加權指數上漲 1.75%；香港恒生指數上漲 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>韓國股市的強勁表現主要得益於芯片巨頭。三星電子的股價上漲超過 2%，而 SK 海力士的股價上漲近 5%，首次突破 122 萬韓元大關，創下歷史新高。</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>在前一個月，外國投資者在韓國股票市場創下了 35 萬億韓元（約 238 億美元）的拋售紀錄，但近期資本顯示出回流的跡象。</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>自美國與伊朗衝突爆發以來，KOSPI 指數經歷了極端波動，包括單日暴跌 12% 和上漲 9%。然而，分析師指出，市場對中東地緣政治風險的敏感性正在下降，整體波動性有所緩和。</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）最新的研究報告顯示，亞洲半導體出口數據持續超出市場預期，人工智能硬件需求尚未顯現放緩跡象。韓國和台灣在全球人工智能供應鏈中仍是最直接的受益者。該公司認為，近期的關注應集中在美國科技巨頭即將公佈的財報上；如果資本支出指引進一步上調，亞太科技股可能會迎來新一輪的估值重估。</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>市場對美國與伊朗談判的預期是推動此次反彈的關鍵因素。美國總統特朗普在 20 日表示，副總統彭斯當天將前往巴基斯坦，21 日將進行新一輪談判。然而，伊朗尚未確認其參與。作為東道主，巴基斯坦正在積極調解，一位高級政府官員表示對促成伊朗的參與充滿信心。</p>
</div><p>Find out more</p>
<div class="lb-trans"><p>瞭解更多</p>
</div>

Improving Geopolitical Expectations Drive Asia-Pacific Stocks to Close Higher, South Korean Stocks Hit Record Peaks

TradingKey

Samsung Electronics Co., Ltd. Sponsored GDR

國泰CES半導體芯片行業ETF

華夏上證科創板半導體材料設備主題ETF

XL二南三星-U

HSBC MSCI Korea Capped UCITS ETF

XI二南三星-U

國泰中證全指集成電路ETF

納斯達克半導體 ETF - First Trust

易方達中證半導體材料設備主題ETF

國聯安半導體ETF

嘉實上證科創板芯片ETF

招商中證半導體產業ETF

南方兩倍做多三星

VanEck Vectors Semiconductor UCITS ETF Accum A USD

國聯安科創芯片設計ETF

恆生指數

三星電子

摩根士丹利

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

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

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

地緣政治預期的改善推動亞太股市收盤走高，韓國股市創下歷史新高