<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/image-1-1776949492.png?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://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/image-1-1776949492.png"/></p>
<p>新興市場股票和貨幣在週四下跌，因高企的原油價格和持續的地緣政治緊張局勢對投資者情緒造成壓力。</p>
<p>霍爾木茲海峽的航運限制持續以及美伊談判的缺失使得油價保持在每桶 100 美元以上，進一步加劇了全球經濟放緩的擔憂。</p>
<p>MSCI 跟蹤新興市場股票的指數下跌了 0.4%，而貨幣的平行指數下滑了 0.2%。</p>
<p>投資者轉向避險的美元，給風險敏感資產施加了壓力。</p>
<h2>中央銀行介入以穩定貨幣</h2>
<p>新興市場的政策制定者採取了防禦措施以限制貨幣波動。</p>
<p>印度尼西亞中央銀行表示，將繼續在貨幣市場進行干預，以穩定印尼盾，後者跌至每美元 17,315 的歷史低點。</p>
<p>該貨幣還記錄了自九月以來的最大單日跌幅。</p>
<p>在印度，中央銀行通過出售美元來支持印度盧比，路透社引用的交易員稱。</p>
<p>印度盧比仍接近歷史低點，徘徊在每美元 94 附近。</p>
<p>預計更高的能源成本將對印度的企業盈利施加壓力。</p>
<p>滙豐將印度股票評級從 “中性” 下調至 “減持”，這是一個月內的第二次下調。</p>
<p>基準指數在交易期間各下跌約 0.7%。</p>
<h2>儘管政策收緊，亞洲貨幣仍疲軟</h2>
<p>在亞洲其他地區，菲律賓比索下跌 0.4%，儘管中央銀行將關鍵利率提高至 4.50% 以遏制因能源價格上漲而驅動的通脹。</p>
<p>越南也表示，今年的通脹可能超過目標。</p>
<h2>地緣政治緊張局勢讓市場保持緊張</h2>
<p>儘管中東部分地區實現了停火，但不確定性依然很高。</p>
<p>以色列與真主黨在黎巴嫩的敵對行動持續，而美國對伊朗港口實施嚴格封鎖，遭到德黑蘭的批評。</p>
<p>“能源價格衝擊當然會惡化淨能源進口新興市場的經常賬户狀況，” 資本經濟學的副首席新興市場經濟學家 Shilan Shah 在路透社的報道中表示。</p>
<p>他補充道：“但與烏克蘭戰爭開始時的其他近期能源衝擊不同，大多數新興市場的外部資產負債表正處於強勢位置，限制了大幅貨幣調整的風險。”</p>
<h2>對金融支持的需求上升</h2>
<p>地緣政治發展的壓力使得多個國家尋求金融支持。</p>
<p>美國財政部長 Scott Bessent 表示，海灣地區和亞洲的多個盟友已請求貨幣互換額度，以應對能源衝擊和更廣泛的影響。</p>
<p>請求支持的阿聯酋國際債券略有下跌。</p>
<h2>歐洲和人工智能驅動行業的混合信號</h2>
<p>新興歐洲部分地區出現了一些緩解。</p>
<p>俄羅斯的石油在經過長時間停滯後重新通過烏克蘭的友誼管道流動。</p>
<p>匈牙利隨後解除對 90 億歐元歐盟貸款給烏克蘭的否決。</p>
<p>烏克蘭的國際債券在美元上升超過 0.6 美分。</p>
<p>儘管市場整體疲軟，與人工智能相關的科技股仍繼續吸引投資者關注。韓國股市創下歷史新高，得益於強勁的芯片製造商表現。</p>
<p>SK 海力士報告了創紀錄的季度利潤，並預計人工智能芯片的需求將超過供應能力。</p>
<p>該股票今年上漲了 88%，與三星電子的漲幅相伴，後者本月早些時候也發佈了樂觀的盈利指引。</p>
<p>摩根大通還表示，沙特阿拉伯和菲律賓將於明年被納入其本幣新興市場債務指數，突顯該資產類別的持續結構性發展。</p>
<p>與此同時，羅馬尼亞的政治不確定性仍然受到關注，因為執政聯盟最大的政黨撤回了對總理 Ilie Bolojan 的支持。</p>
<p>然而，羅馬尼亞列伊保持穩定。</p>
<p>新興市場因油價保持在 100 美元以上而下跌，緊張局勢持續的文章首發於 Invezz。</p>

和順石油

英國石油

<p>新興市場股票和貨幣下跌，因為由於地緣政治緊張局勢和運輸限制，油價保持在 100 美元以上。新興市場股票的 MSCI 指數下跌了 0.4%，而貨幣下跌了 0.2%。印度尼西亞和印度的中央銀行介入以穩定其貨幣，因能源成本上升，尋求金融支持的需求增加，多個國家尋求貨幣互換額度。儘管整體市場疲軟，與人工智能相關的科技股表現良好，摩根大通宣佈將新增本幣新興市場債務指數</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/image-1-1776949492.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/image-1-1776949492.png"/></p>
<p>Emerging market stocks and currencies declined on Thursday as elevated crude prices and ongoing geopolitical tensions weighed on investor sentiment.</p>
<div class="lb-trans"><p>新興市場股票和貨幣在週四下跌，因高企的原油價格和持續的地緣政治緊張局勢對投資者情緒造成壓力。</p>
</div><p>Continued restrictions on shipping through the Strait of Hormuz and the absence of US-Iran negotiations kept oil prices above $100 a barrel, fuelling concerns of a potential global economic slowdown.</p>
<div class="lb-trans"><p>霍爾木茲海峽的航運限制持續以及美伊談判的缺失使得油價保持在每桶 100 美元以上，進一步加劇了全球經濟放緩的擔憂。</p>
</div><p>MSCI’s index tracking emerging market equities fell 0.4%, while a parallel index for currencies slipped 0.2%.</p>
<div class="lb-trans"><p>MSCI 跟蹤新興市場股票的指數下跌了 0.4%，而貨幣的平行指數下滑了 0.2%。</p>
</div><p>Investors moved towards the safe-haven US dollar, adding pressure on risk-sensitive assets.</p>
<div class="lb-trans"><p>投資者轉向避險的美元，給風險敏感資產施加了壓力。</p>
</div><h2>Central banks step in to stabilise currencies</h2>
<div class="lb-trans"><h2>中央銀行介入以穩定貨幣</h2>
</div><p>Policymakers across emerging markets responded with defensive measures to limit currency volatility.</p>
<div class="lb-trans"><p>新興市場的政策制定者採取了防禦措施以限制貨幣波動。</p>
</div><p>Indonesia’s central bank said it would continue intervening in currency markets to stabilise the rupiah, which dropped to a record low of 17,315 per dollar.</p>
<div class="lb-trans"><p>印度尼西亞中央銀行表示，將繼續在貨幣市場進行干預，以穩定印尼盾，後者跌至每美元 17,315 的歷史低點。</p>
</div><p>The currency also logged its sharpest daily decline since September.</p>
<div class="lb-trans"><p>該貨幣還記錄了自九月以來的最大單日跌幅。</p>
</div><p>In India, the central bank stepped in to support the rupee by selling dollars, according to traders cited in a Reuters report.</p>
<div class="lb-trans"><p>在印度，中央銀行通過出售美元來支持印度盧比，路透社引用的交易員稱。</p>
</div><p>The rupee remained close to record lows, hovering near 94 per US dollar.</p>
<div class="lb-trans"><p>印度盧比仍接近歷史低點，徘徊在每美元 94 附近。</p>
</div><p>Higher energy costs are expected to pressure corporate earnings in India.</p>
<div class="lb-trans"><p>預計更高的能源成本將對印度的企業盈利施加壓力。</p>
</div><p>HSBC downgraded Indian equities to “underweight” from “neutral”, marking its second downgrade within a month.</p>
<div class="lb-trans"><p>滙豐將印度股票評級從 “中性” 下調至 “減持”，這是一個月內的第二次下調。</p>
</div><p>Benchmark indices fell around 0.7% each during the session.</p>
<div class="lb-trans"><p>基準指數在交易期間各下跌約 0.7%。</p>
</div><h2>Asia currencies weaken despite policy tightening</h2>
<div class="lb-trans"><h2>儘管政策收緊，亞洲貨幣仍疲軟</h2>
</div><p>Elsewhere in Asia, the Philippine peso fell 0.4%, even after the central bank raised its key interest rate to 4.50% to contain inflation driven by rising energy prices.</p>
<div class="lb-trans"><p>在亞洲其他地區，菲律賓比索下跌 0.4%，儘管中央銀行將關鍵利率提高至 4.50% 以遏制因能源價格上漲而驅動的通脹。</p>
</div><p>Vietnam also indicated that inflation could exceed its target this year.</p>
<div class="lb-trans"><p>越南也表示，今年的通脹可能超過目標。</p>
</div><h2>Geopolitical tensions keep markets on edge</h2>
<div class="lb-trans"><h2>地緣政治緊張局勢讓市場保持緊張</h2>
</div><p>Despite a ceasefire in parts of the Middle East, uncertainty remained high.</p>
<div class="lb-trans"><p>儘管中東部分地區實現了停火，但不確定性依然很高。</p>
</div><p>Hostilities between Israel and Hezbollah continued in Lebanon, while the United States enforced a strict blockade of Iranian ports, drawing criticism from Tehran.</p>
<div class="lb-trans"><p>以色列與真主黨在黎巴嫩的敵對行動持續，而美國對伊朗港口實施嚴格封鎖，遭到德黑蘭的批評。</p>
</div><p>“The energy price shock will of course worsen the current account positions of net-energy importing EMs,” said Shilan Shah, deputy chief emerging markets economist at Capital Economics, as quoted in a Reuters report.</p>
<div class="lb-trans"><p>“能源價格衝擊當然會惡化淨能源進口新興市場的經常賬户狀況，” 資本經濟學的副首席新興市場經濟學家 Shilan Shah 在路透社的報道中表示。</p>
</div><p>He added, “But unlike other recent energy shocks such as the start of the Ukraine war, the external balance sheets of most EMs are starting from a position of strength, limiting the risk of large currency adjustments.”</p>
<div class="lb-trans"><p>他補充道：“但與烏克蘭戰爭開始時的其他近期能源衝擊不同，大多數新興市場的外部資產負債表正處於強勢位置，限制了大幅貨幣調整的風險。”</p>
</div><h2>Demand for financial support rises</h2>
<div class="lb-trans"><h2>對金融支持的需求上升</h2>
</div><p>The strain from geopolitical developments has led several countries to seek financial support.</p>
<div class="lb-trans"><p>地緣政治發展的壓力使得多個國家尋求金融支持。</p>
</div><p>US Treasury Secretary Scott Bessent said that multiple allies in the Gulf region and Asia have requested currency swap lines to manage the impact of energy shocks and broader fallout.</p>
<div class="lb-trans"><p>美國財政部長 Scott Bessent 表示，海灣地區和亞洲的多個盟友已請求貨幣互換額度，以應對能源衝擊和更廣泛的影響。</p>
</div><p>International bonds from the United Arab Emirates, one of the countries requesting support, were slightly lower.</p>
<div class="lb-trans"><p>請求支持的阿聯酋國際債券略有下跌。</p>
</div><h2>Mixed signals from Europe and AI-driven sectors</h2>
<div class="lb-trans"><h2>歐洲和人工智能驅動行業的混合信號</h2>
</div><p>Some relief emerged in parts of emerging Europe.</p>
<div class="lb-trans"><p>新興歐洲部分地區出現了一些緩解。</p>
</div><p>Russian oil resumed flowing through the Ukrainian section of the Druzhba pipeline after a prolonged halt.</p>
<div class="lb-trans"><p>俄羅斯的石油在經過長時間停滯後重新通過烏克蘭的友誼管道流動。</p>
</div><p>Hungary subsequently lifted its veto on a 90 billion euro EU loan to Ukraine.</p>
<div class="lb-trans"><p>匈牙利隨後解除對 90 億歐元歐盟貸款給烏克蘭的否決。</p>
</div><p>Ukraine’s international bonds gained more than 0.6 cents on the dollar.</p>
<div class="lb-trans"><p>烏克蘭的國際債券在美元上升超過 0.6 美分。</p>
</div><p>Despite broader market weakness, technology stocks linked to artificial intelligence continued to attract investor interest. South Korean shares hit a record close, supported by strong chipmaker performance.</p>
<div class="lb-trans"><p>儘管市場整體疲軟，與人工智能相關的科技股仍繼續吸引投資者關注。韓國股市創下歷史新高，得益於強勁的芯片製造商表現。</p>
</div><p>SK Hynix reported record quarterly profits and projected that demand for artificial intelligence chips would exceed supply capacity.</p>
<div class="lb-trans"><p>SK 海力士報告了創紀錄的季度利潤，並預計人工智能芯片的需求將超過供應能力。</p>
</div><p>The stock has risen 88% this year, alongside gains in Samsung Electronics, which also issued optimistic earnings guidance earlier this month.</p>
<div class="lb-trans"><p>該股票今年上漲了 88%，與三星電子的漲幅相伴，後者本月早些時候也發佈了樂觀的盈利指引。</p>
</div><p>JP Morgan also said Saudi Arabia and the Philippines will be added to its local currency emerging market debt index next year, highlighting continued structural developments in the asset class.</p>
<div class="lb-trans"><p>摩根大通還表示，沙特阿拉伯和菲律賓將於明年被納入其本幣新興市場債務指數，突顯該資產類別的持續結構性發展。</p>
</div><p>Meanwhile, political uncertainty in Romania remained in focus after the ruling coalition’s largest party withdrew support for Prime Minister Ilie Bolojan.</p>
<div class="lb-trans"><p>與此同時，羅馬尼亞的政治不確定性仍然受到關注，因為執政聯盟最大的政黨撤回了對總理 Ilie Bolojan 的支持。</p>
</div><p>The Romanian leu, however, remained stable.</p>
<div class="lb-trans"><p>然而，羅馬尼亞列伊保持穩定。</p>
</div><p>The post Emerging markets fall as oil stays above $100, tensions persist appeared first on Invezz</p>
<div class="lb-trans"><p>新興市場因油價保持在 100 美元以上而下跌，緊張局勢持續的文章首發於 Invezz。</p>
</div>

Emerging markets fall as oil stays above $100, tensions persist

invezz

摩根大通

印度 MSCI ETF - iShares

印尼 MSCI ETF - iShares

iShares MSCI新興市場ETF

能源業 ETF - SPDR

Avantis Emerging Markets Equity ETF

iShares MSCI EM Islamic UCITS ETF

油氣開採 ETF - SPDR

iShares Core MSCI EM IMI UCITS ETF

iShares Edge MSCI EM Value Factor UCITS ETF

SPDR新興市場投資組合ETF

Xtrackers Nifty 500 India ETF

iShares MSCI EM Ex-China

美國 WTI 原油 ETF

能源業 ETF - Vanguard

WisdomTree新興市場高收益股票基金

iShares MSCI EM UCITS ETF USD (Acc)

Avantis Emerging Markets Value ETF

Schwab新興市場股票ETF

油氣服務 ETF - Market Vectors

美國油氣勘探與生產 ETF - iShares

iShares MSCI新興市場綜合因素ETF

標普全球能源股指數 ETF - iShares

標普油氣設備與服務 ETF - SPDR

SPDR標普新興市場高股利ETF

煉油公司指數 ETF - VanEck Vectors

印度小盤股 MSCI ETF - iShares

iShares MSCI EM UCITS ETF USD (Dist)

2 倍做多彭博原油 ETF - ProShares

iShares安碩核心MSCI新興市場ETF

匯豐控股

滙豐

三星電子

HSBC 5xShortSG241213

匯豐控股有限公司

Samsung Electronics Co., Ltd. Sponsored GDR

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

由於油價持續保持在 100 美元以上且緊張局勢未減，新興市場出現下跌