工行纸钯金(人民币) (IPPACNY) 加自选

周三，上证综指上涨0.76%，收于3045点，深证成分股上涨0.74%，收于9251点，大陆股市结束了连续三天的下跌，并追随全球市场的涨势，因为美国商业增长放缓提振了对美联储降息的押注。美国主要公司的强劲企业盈利也提振了亚洲市场的情绪，特斯拉在宣布将于2025年开始生产更实惠的电动汽车后，在盘后交易中飙升12%。在国内，投资者期待着下周中国制造业和服务业活动数据，以获得对这个世界第二大经济体的新见解。科技股领涨，Eotolink Technology（15%）、富士康工业（8%）、中机创新（6.8%）、曙光信息（5.6%）和中兴通讯（2.7%）涨幅强劲。

The Shanghai Composite rose 0.76% to close at 3,045 while the Shenzhen Component gained 0.74% to 9,251 on Wednesday, with mainland stocks snapping a three-day decline and tracking a rally in global markets as cooling US business growth bolstered bets on Federal Reserve interest rate cuts. Strong corporate earnings from major US companies also lifted sentiment in Asia, with Tesla surging 12% in after-hours trading after announcing it will start producing more affordable electric vehicles in 2025. Domestically, investors look forward to Chinese manufacturing and services activity figures next week for fresh insights on the world’s second-largest economy. Technology stocks led the advance, with strong gains from Eoptolink Technology (15%), Foxconn Industrial (8%), Zhongji Innolight (6.8%), Dawning Information (5.6%) and ZTE Corp (2.7%).

在中国，上海综合指数周三上涨23点，涨幅0.76%。华能（4.62%）、中国太平洋保险（3.20%）和三一重工（3.08%）领涨。跌幅最大的是中国财富（-7.63%）、隆基绿色（-1.60%）和中国煤炭（-1.32%）。

In China, the Shangai Composite Index gained 23 points or 0.76 percent on Wednesday. Gains were led by Huaneng (4.62%), China Pacific Insu (3.20%) and Sany Heavy Industry (3.08%). Biggest losers were China Fortune (-7.63%), LONGi Green (-1.60%) and China Coal (-1.32%).

离岸人民币兑美元汇率保持相对稳定在7.26左右，因为有报道称4月份美国商业活动降温，同时国有银行持续支持，美元走软。由于需求下降，4月份的商业活动放缓至四个月来的低点，美元走弱，制造业和服务业活动都略有缓解。此外，观察到中国主要国有银行在岸掉期市场进行元美元掉期，随后在现货市场出售美元以提振人民币。与此同时，投资者现在将注意力转向周四的美国GDP数据和周五发布的美联储首选PCE价格指数报告，以进一步了解货币政策前景。

The offshore yuan remained relatively stable around 7.26 per dollar, as the dollar softened following reports of cooled US business activity in April while accompanied by consistent support from state banks. The US dollar weakened as April's business activity slowed to a four-month low, driven by decreased demand, with both manufacturing and services activities experiencing a slight easing. Additionally, China's major state-owned banks were observed engaging in yuan-dollar swaps in the onshore swap market and subsequently selling dollars in the spot market to bolster the yuan. Meanwhile, investors are now turning their attention to Thursday's US GDP data and Friday's release of the Fed-preferred PCE price index report for further insights into the monetary policy outlook.

周三，上证综指上涨0.3%，收于3030点，深证成分股下跌0.1%，收于9175点，涨跌互现。由于投资者寻求更多政策支持的迹象，内地股市难以找到明确的方向。市场希望中国当局今年能进一步放松政策，但人民币走弱限制了降息的范围。尽管全球市场因强劲的企业盈利和中东紧张局势的缓解而反弹，但中国股市也难以保持势头。浙江万丰（10%）、中信离岸（5.3%）和易联科技（12%）等重量级公司涨幅显著，苏州TFC光学（-6%）、Seres集团（-1.3%）和中国西电电气（-1.8%）下跌。

The Shanghai Composite rose 0.3% to 3,030 while the Shenzhen Component lost 0.1% to 9,175 in mixed trade on Wednesday, with mainland stocks struggling for clear direction as investors looked for signs of more policy support. Markets are hoping that Chinese authorities would ease policy further this year, but a weakening yuan limited the scope for interest rate cuts. Chinese stocks also struggled for momentum even as global markets rallied on strong corporate earnings and easing Middle East tensions. Notable gains were seen from heavyweight firms such as Zhejiang Wanfeng (10%), Citic Offshore (5.3%) and Eoptolink Technology (12%), while losses were seen from Suzhou TFC Optical (-6%), Seres Group (-1.3%) and China XD Electric (-1.8%).