纽币/港币 (NZDHKD) 加自选

周五，新西兰元从盘中早些时候的两个月低点0.586美元升至0.59美元以上，停止了六个交易日的下跌，因为美元的暴跌抵消了美国对新西兰的新关税。尽管劳动力减少，但美国的工资大幅下调，失业率上升。与此同时，美国对新西兰的贸易税从4月份宣布的10%的基准上调至15%。将于下周生效的新关税率加剧了人们对新西兰出口导向型经济前景的担忧。此外，由于通胀预期上升，新西兰7月份消费者信心下降。新西兰元本周仍下跌约2%。

The New Zealand dollar rose above $0.59 on Friday from the two-month low of $0.586 earlier in the session, halting six session of losses as a plunge for the greenback offset fresh US tariffs on New Zealand. Payrolls in the US were revised sharply lower and the unemployment rate rose despite a lower labor force. Meanwhile, US trade levies on New Zealand were raised to 15% from the 10% baseline announced in April. The new tariff rate, set to take effect next week, has fueled concerns about the outlook for New Zealand’s export-driven economy. Additionally, consumer confidence in New Zealand dropped in July, amid expectations of rising inflation. The kiwi still fell around 2% in this week.

恒生指数周五下跌265点，跌幅1.1%，收于24508点，连续第四个交易日下跌，触及两周低点。美国对数十个贸易伙伴征收高额关税后，风险情绪减弱，而美国期货在6月通胀数据升温后大幅下跌。预计新关税将增加价格压力，加剧对进一步通胀的担忧。在今天晚些时候公布的美国就业数据公布之前，交易员也变得谨慎。由于担心中国经济增长势头放缓，该指数本周下跌3.5%，为四周来首次下跌。与此同时，美中贸易谈判没有取得任何实质性进展，将关税决定权留给了特朗普总统。新数据显示，香港第二季度GDP同比增长3.1%，为2023年第四季度以来的最快速度，受强劲出口和国内需求的推动，跌幅收窄。值得注意的失败者包括Smoore Hlds。（-5.7%）、普拉达水疗中心（-5.5%）、信达生物制品（-5.3%）和太古地产（-3.1%）。尽管7月份交付量强劲，小鹏仍下跌0.4%。

The Hang Seng dipped 265 points or 1.1% to close at 24,508 on Friday, falling for the fourth session and hitting a two-week low. Risk sentiment weakened after the U.S. imposed steep tariffs on dozens of trading partners, while U.S. futures dropped sharply after hotter June inflation data. The new tariffs are expected to add to price pressures, fueling concerns about further inflation. Traders also turned cautious ahead of U.S. jobs data due later today. For the week, the index sank 3.5%, its first weekly loss in four, amid worries over China’s slowing momentum. Meantime, U.S.-China trade talks ended with no real progress, leaving tariff decisions to President Trump. Losses were capped by new data showing Hong Kong’s GDP grew 3.1% yoy in Q2, the fastest pace since Q4 2023, driven by strong exports and domestic demand. Notable losers included Smoore Hlds. (-5.7%), Prada Spa (-5.5%), Innovent Biologics (-5.3%), and Swire Properties (-3.1%). Xpeng fell 0.4%, despite strong July deliveries.

周五，新西兰基准标准普尔/NZX 50指数下跌0.7%，收于12729点，连续第三天下跌，创下7月23日以来的最低水平，此前唐纳德·特朗普总统宣布对数十个国家征收更高的关税。新西兰受到15%基本关税率的特别打击，高于4月份宣布的10%，这引发了人们对该国出口导向型经济前景的担忧。在国内新闻方面，由于通胀预期上升，新西兰7月份的消费者信心下降。与此同时，投资者现在正在等待当天晚些时候的美国非农就业数据，以了解美联储利率走势的更多线索。健康科技股领跌，权重股斐雪派克和埃伯斯集团分别下跌2.2%和2.25%。建筑材料制造商Fletcher Building也下跌1.3%。房地产股也表现不佳。本周，新西兰元50指数下跌1%，连续第二周下跌。

New Zealand's benchmark S&P/NZX 50 index dropped 0.7% to close at 12,729 on Friday, extending losses for the third consecutive day to mark its lowest level since July 23, after President Donald Trump announced steeper tariffs against dozens of countries. New Zealand was specifically hit with a 15% base tariff rate, up from the 10% announced in April, raising concerns about the outlook for the country’s export-driven economy. In domestic news, consumer confidence in New Zealand dropped in July, amid expectations of rising inflation. Meanwhile, investors now await the US non-farm payrolls data later in the day for more clues on the Federal Reserve's rate path. Health technology stocks led the decline, with heavyweights Fisher & Paykel and Ebos Group shedding 2.2% and 2.25%, respectively. Construction materials maker Fletcher Building also lost 1.3%. Real estate stocks were also among the underperformers. For the week, the NZX 50 fell 1%, recording its second straight weekly loss.

香港股市在8月的第一个交易日小幅下跌30点，跌幅0.1%，至24748点，连续第四个交易日下跌，同时徘徊在两周低点。美国总统特朗普对来自没有贸易协议的国家的进口商品征收10%至41%的新互惠关税，该关税于今天生效，影响了市场情绪。与此同时，一项私人调查显示，7月份中国制造业意外下降，在持续的贸易壁垒和恶劣天气干扰下，官方数据标志着第四个月的下降。本周，恒生指数有望出现四周来的首次周跌幅，下跌约2.7%，此前美中贸易谈判本周早些时候结束，没有取得实质性进展，关税决定权掌握在特朗普手中。值得注意的下跌股包括Smoore Hlds。普拉达（-4.8%）、老蒲（-2.8%）和李汽车（-2.5%）。对中国即将召开的政治局会议的乐观情绪限制了损失，预计该会议将推出进一步的刺激措施。

Hong Kong stocks edged down 30 points or 0.1% to 24,748 on the first trading day of August, falling for the fourth session while lingering at a two-week low. Sentiment was weighed by U.S. President Trump's new reciprocal tariffs ranging from 10% to 41% on imports from countries without trade deals, effective today. Meanwhile, a private survey showed an unexpected drop in China’s manufacturing sector in July, reinforcing official data that marked a fourth monthly fall, amid ongoing trade barriers and severe weather disruptions. For the week, the Hang Seng is on track for its first weekly decline in four, down about 2.7%, after U.S.-China trade talks ended earlier in the week without meaningful progress, leaving tariff decisions in Trump's hands. Notable decliners included Smoore Hlds. (-7.8%), Prada (-4.8%), Laopu Old (-2.8%), and Li Auto (-2.5%). Losses were limited by optimism surrounding China's upcoming Politburo meeting, which is expected to introduce further stimulus measures.