{"id":37265,"date":"2026-02-10T14:41:25","date_gmt":"2026-02-10T14:41:25","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/37265\/"},"modified":"2026-02-10T14:41:25","modified_gmt":"2026-02-10T14:41:25","slug":"%e8%87%aa2025%e5%b9%b4%e5%b9%b4%e4%b8%ad%e4%bb%a5%e4%be%86%ef%bc%8c%e6%81%86%e7%94%9f%e6%8c%87%e6%95%b8%e5%a4%a7%e5%b9%85%e9%a3%86%e5%8d%87%ef%bc%8c%e5%8f%af%e8%83%bd%e6%8e%a5%e8%bf%91%e9%ab%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/37265\/","title":{"rendered":"\u81ea2025\u5e74\u5e74\u4e2d\u4ee5\u4f86\uff0c\u6046\u751f\u6307\u6578\u5927\u5e45\u98c6\u5347\uff0c\u53ef\u80fd\u63a5\u8fd1\u9ad8\u9ede\u4e26\u5373\u5c07\u53cd\u8f49"},"content":{"rendered":"

\u81ea2025\u5e74\u5e74\u4e2d\u4ee5\u4f86\uff0c\u6046\u751f\u6307\u6578(HSI)\u6301\u7e8c\u4e0a\u6f32\uff0c\u4f46\u96a8\u8457\u5176\u903c\u8fd1\u591a\u5e74\u8da8\u52e2\u7dda\u4e0a\u7684\u963b\u529b\u4f4d\uff0c\u6f32\u52e2\u653e\u7de9\u3002\u904e\u53bb\u4e94\u5e74\uff0c\u6625\u7bc0(CNY)\u524d\u5f8c\u6046\u751f\u6307\u6578\u5747\u51fa\u73fe\u8f49\u6369\u9ede\uff0c\u5176\u4e2d\u4e94\u5e74\u4e2d\u6709\u56db\u5e74\u6625\u7bc0\u671f\u9593\u6307\u6578\u958b\u59cb\u51fa\u73fe\u8f49\u6298\u3002\u6587\u7ae0\u6307\u51fa\uff0c2026\u5e74\u6625\u7bc0\u524d\u5915\u7684\u8d70\u52e2\u8207\u6b64\u985e\u4f3c\uff0c\u5e02\u5834\u52d5\u80fd\u4f9d\u7136\u5f37\u52c1\uff0c\u4f46\u5bb9\u932f\u7a7a\u9593\u8f03\u5c0f\u3002\u6587\u7ae0\u5efa\u8b70\u95dc\u6ce8\u6625\u7bc0\u671f\u9593\u53ca\u4e4b\u5f8c\u4e00\u9031\u7684\u5468\u7ddaK\u7dda\u5f62\u614b\uff0c\u56e0\u70ba\u6b64\u6642\u51fa\u73fe\u9670\u7dda\u9810\u793a\u8457\u66f4\u9ad8\u7684\u53cd\u8f49\u6a5f\u7387\u3002<\/p>\n\n

\u5c0d2026\u5e74\u4eba\u6c11\u5e63\u7684\u4ea4\u6613\u5f71\u97ff<\/h3>\n\n

\u6587\u4e2d\u63d0\u5230\u7684\u4e0b\u884c\u76ee\u6a19\u4f4d\u70ba21,417\u6e2f\u5143\u3002\u6b64\u76ee\u6a19\u4f4d\u82072018\u5e74\u4ee5\u4f86\u6210\u4ea4\u91cf\u5206\u4f48\u5716\u4e2d\u7684\u50f9\u503c\u5340\u57df\u4f4e\u9ede\u4ee5\u53ca2024\u5e742\u6708\u4ee5\u4f86\u7684vWAP\u9328\u5b9a\u652f\u6490\u4f4d\u76f8\u543b\u5408\u3002<\/p>\n\n

\u6587\u7ae0\u4e5f\u5c07\u6046\u751f\u6307\u6578\u8207\u6a19\u666e500\u6307\u6578\uff08SPX\uff09\u9032\u884c\u6bd4\u8f03\uff0c\u6307\u51faSPX\u7684\u53cd\u61c9\u53d6\u6c7a\u65bc\u8207\u4e2d\u570b\u76f8\u95dc\u7684\u58d3\u529b\u662f\u4f86\u81ea\u5c40\u90e8\u9084\u662f\u5168\u7403\u30022021\u5e74\u548c2024\u5e74\uff0c\u6046\u751f\u6307\u6578\u7684\u8f49\u6298\u9ede\u4e26\u672a\u8207SPX\u7684\u8d70\u52e2\u76f8\u7b26\uff1b\u800c2022\u5e74\u548c2025\u5e74\uff0c\u53d7\u5b8f\u89c0\u7d93\u6fdf\u6216\u8cbf\u6613\u58d3\u529b\u7684\u5f71\u97ff\uff0c\u5169\u500b\u5e02\u5834\u5728\u6625\u7bc0\u524d\u5f8c\u5747\u51fa\u73fe\u75b2\u8edf\u3002<\/p>\n\n

\u5c0d\u65bc2026\u5e74\u6625\u7bc0\uff0c\u6587\u7ae0\u6307\u51fa\u6046\u751f\u6307\u6578\u5df2\u8d70\u9ad8\uff0c\u800cSPX\u63a5\u8fd1\u9ad8\u4f4d\uff0c\u76ee\u524d\u4e2d\u570b\u98a8\u96aa\u88ab\u63cf\u8ff0\u70ba\u66f4\u591a\u4f86\u81ea\u5c40\u90e8\u800c\u975e\u7cfb\u7d71\u6027\u98a8\u96aa\u3002\u9451\u65bc\u6046\u751f\u6307\u6578\u81ea2025\u5e74\u5e74\u4e2d\u4ee5\u4f86\u7684\u5f37\u52c1\u4e0a\u6f32\uff0c\u6211\u5011\u76ee\u524d\u6b63\u5bc6\u5207\u95dc\u6ce8\u6625\u7bc0\u524d\u5f8c\u53ef\u80fd\u7684\u53cd\u8f49\u3002\u6b77\u53f2\u4e0a\uff0c\u904e\u53bb\u4e94\u5e74\u6709\u56db\u5e74\uff0c\u6625\u7bc0\u5047\u671f\u90fd\u662f\u6046\u751f\u6307\u6578\u7684\u91cd\u8981\u8f49\u6369\u9ede\u3002\u76ee\u524d\u7684\u60c5\u6cc1\u8b93\u4eba\u611f\u89ba\u975e\u5e38\u719f\u6089\uff0c\u56e0\u70ba\u6307\u6578\u6b63\u5728\u903c\u8fd1\u9577\u671f\u963b\u529b\u4f4d\u3002<\/p>\n\n

\u95dc\u9375\u78ba\u8a8d\u8a0a\u865f<\/h3>\n\n

\u8fd1\u671f\u6578\u64da\u52a0\u5287\u4e86\u9019\u7a2e\u8b39\u614e\u60c5\u7dd2\u3002\u4e2d\u570b\u8ca1\u65b0\u88fd\u9020\u696d\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff08PMI\uff092026\u5e741\u6708\u6578\u64da\u70ba50.1\uff0c\u52c9\u5f37\u9032\u5165\u64f4\u5f35\u5340\u9593\uff0c\u4f4e\u65bc\u9810\u671f\u3002\u6b64\u5916\uff0c\u5047\u65e5\u65c5\u904a\u548c\u6d88\u8cbb\u7684\u521d\u6b65\u5831\u544a\u8868\u73fe\u7a69\u5065\u4f46\u4e26\u4e0d\u4eae\u773c\uff0c\u986f\u793a\u6d88\u8cbb\u8005\u71b1\u60c5\u53ef\u80fd\u6b63\u5728\u8da8\u65bc\u5e73\u7a69\u3002\u9019\u7a2e\u75b2\u8edf\u7684\u7d93\u6fdf\u80cc\u666f\u5f37\u5316\u4e86\u5e02\u5834\u91cd\u65b0\u8a55\u4f30\u7684\u5fc5\u8981\u6027\u3002<\/p>\n\n

\u5c0d\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u9019\u610f\u5473\u8457\u73fe\u5728\u662f\u8003\u616e\u8cb7\u5165\u4fdd\u8b77\u6027\u8ce3\u6b0a\u6216\u5efa\u7acb\u6046\u751f\u6307\u6578\u770b\u8dcc\u50f9\u5dee\u7b56\u7565\u7684\u597d\u6642\u6a5f\u300221,417\u6e2f\u5143\u7684\u76ee\u6a19\u50f9\u4f4d\u70ba\u5efa\u69cb\u6b64\u985e\u4ea4\u6613\u63d0\u4f9b\u4e86\u4e00\u500b\u660e\u78ba\u7684\u652f\u6490\uff0c\u5982\u679c\u6b77\u53f2\u6a21\u5f0f\u6301\u7e8c\uff0c\u5247\u610f\u5473\u8457\u5de8\u5927\u7684\u6f5b\u5728\u4e0b\u884c\u7a7a\u9593\u3002<\/p>\n\n

\u6211\u5011\u770b\u5230\u6046\u751f\u6307\u6578\u9078\u64c7\u6b0a\u7684\u96b1\u542b\u6ce2\u52d5\u7387\u5df2\u5347\u81f3\u4e09\u500b\u6708\u9ad8\u9ede28%\uff0c\u986f\u793a\u5e02\u5834\u64d4\u6182\u60c5\u7dd2\u52a0\u5287\u3002\u6211\u5011\u9084\u8a18\u5f97\uff0c2025\u5e74\u6625\u7bc0\u5f8c\uff0c\u53d7\u5168\u7403\u8cbf\u6613\u6469\u64e6\u518d\u5ea6\u52a0\u5287\u7684\u5f71\u97ff\uff0c\u5e02\u5834\u51fa\u73fe\u4e86\u6025\u5287\u9006\u8f49\uff0c\u4ee4\u8a31\u591a\u4eba\u63aa\u624b\u4e0d\u53ca\u3002\u90a3\u6b21\u6ce2\u52d5\u63d0\u9192\u6211\u5011\uff0c\u5728\u9019\u500b\u7279\u6b8a\u7684\u5b63\u7bc0\u6027\u6642\u671f\uff0c\u5e02\u5834\u60c5\u7dd2\u7684\u8b8a\u5316\u6709\u591a\u8fc5\u901f\u3002\u5118\u7ba1\u4eca\u5e74\u7684\u98a8\u96aa\u4f3c\u4e4e\u66f4\u5177\u5c40\u90e8\u6027\uff0c\u4f46\u7d93\u6fdf\u5feb\u901f\u4e0b\u6ed1\u7684\u5148\u4f8b\u4ecd\u6b77\u6b77\u5728\u76ee\u3002<\/p>\n\n

\u7136\u800c\uff0c\u73fe\u968e\u6bb5\u6211\u5011\u4e0d\u61c9\u9810\u671f\u6a19\u666e500\u6307\u6578\u6703\u53d7\u5230\u986f\u8457\u7684\u5916\u6ea2\u6548\u61c9\u5f71\u97ff\u3002\u5f9e\u6b77\u53f2\u7d93\u9a57\u4f86\u770b\uff0c\u9664\u975e\u4e2d\u570b\u7684\u554f\u984c\u50cf2022\u5e74\u90a3\u6a23\u8207\u5168\u7403\u5b8f\u89c0\u4e8b\u4ef6\u7dca\u5bc6\u76f8\u95dc\uff0c\u5426\u5247\u6a19\u666e500\u6307\u6578\u901a\u5e38\u4e0d\u6703\u53d7\u5230\u6046\u751f\u6307\u6578\u6ce2\u52d5\u7684\u5f71\u97ff\u3002\u76ee\u524d\u7684\u98a8\u96aa\u72c0\u6cc1\u4f3c\u4e4e\u66f4\u70ba\u6eab\u548c\uff0c\u985e\u4f3c\u65bc\u6211\u5011\u57282021\u5e74\u548c2024\u5e74\u770b\u5230\u7684\u7531\u570b\u5167\u653f\u7b56\u9a45\u52d5\u7684\u8d70\u52e2\u3002<\/p>\n\n

\u9019\u70ba\u76f8\u5c0d\u50f9\u503c\u4ea4\u6613\u5275\u9020\u4e86\u6f5b\u5728\u7684\u6a5f\u6703\uff1a\u505a\u7a7a\u6046\u751f\u6307\u6578\uff0c\u540c\u6642\u5c0d\u6a19\u666e500\u6307\u6578\u4fdd\u6301\u4e2d\u7acb\u6216\u8b39\u614e\u770b\u6f32\u3002\u9019\u7a2e\u5206\u5316\u5df2\u7d93\u5728\u6ce2\u52d5\u7387\u5e02\u5834\u4e2d\u986f\u73fe\uff0cVIX\u6307\u6578\u7dad\u6301\u572814\u9644\u8fd1\uff0c\u8f03\u70ba\u6eab\u548c\u3002\u9019\u986f\u793a\u7f8e\u570b\u5e02\u5834\u5c1a\u672a\u5c07\u4e2d\u570b\u7d93\u6fdf\u53ef\u80fd\u653e\u7de9\u5e36\u4f86\u7684\u986f\u8457\u50b3\u67d3\u98a8\u96aa\u8a08\u5165\u50f9\u683c\u3002<\/p>\n\n

\u9700\u8981\u5bc6\u5207\u95dc\u6ce8\u7684\u95dc\u9375\u6307\u6a19\u5c07\u662f\u6046\u751f\u6307\u6578\u5728\u5047\u671f\u671f\u9593\u53ca\u5047\u671f\u5f8c\u4e0d\u4e45\u7684\u5468\u7dda\u50f9\u683c\u8d70\u52e2\u3002\u770b\u8dccK\u7dda\uff0c\u5c24\u5176\u662f\u5468\u7dda\u6536\u76e4\u50f9\u4f4e\u65bc\u524d\u4e00\u5468\u4f4e\u9ede\uff0c\u5c07\u662f\u4e00\u500b\u5f37\u70c8\u7684\u78ba\u8a8d\u8a0a\u865f\u3002\u9019\u986f\u793a\u8da8\u52e2\u5ef6\u7e8c\u5df2\u7d93\u5931\u6557\uff0c\u66f4\u6df1\u7684\u56de\u6a94\u5373\u5c07\u958b\u59cb\u3002<\/p>\n\n\n

\u7acb\u5373\u958b\u59cb\u4ea4\u6613\uff0d\u9ede\u64ca\u9019\u88e1<\/a>\u5efa\u7acb\u60a8\u7684VT Markets\u771f\u5be6\u5e33\u865f\u3002 <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u6046\u751f\u6307\u6578\u81ea2025\u5e74\u4e2d\u5927\u6f32\u60df\u903c\u8fd1\u591a\u5e74\u963b\u529b\u653e\u7de9\uff1b\u904e\u53bb\u4e94\u5e74\u6625\u7bc0\u5e38\u5f15\u767c\u8f49\u6298\u30022026\u6625\u7bc0\u7559\u610f\u9031K\uff0c\u82e5\u8f49\u5f31\u6050\u56de\u843d\u81f321417\uff0c\u504f\u5411\u653e\u7a7aHSI\u3001SPX\u5f71\u97ff\u6709\u9650\u3002<\/p>\n","protected":false},"author":74,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37265","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/37265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=37265"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/37265\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=37265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=37265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=37265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}