马来西亚元/人民币 (MYRCNY) 加自选

在中国，上海综合指数周二下跌50点，跌幅1.65%。锦州港（-8.50%）、北汽蓝园（-6.57%）和康美药业（-5.03%）领跌。

In China, the Shangai Composite Index decreased 50 points or 1.65 percent on Tuesday. Losses were driven by Jinzhou Port (-8.50%), BAIC BluePark (-6.57%) and Kangmei Pharma (-5.03%).

尽管中国的GDP数据强于预期，但市场反应温和，中国10年期政府债券收益率仍低于2.3%。官方数据显示，该国第一季度经济同比增长5.3%，高于上一季度的5.2%，超过了5%的增长预期。分析师表示，第一季度强劲的经济增长可能会阻止当局进一步放松政策，这应该会为国内收益率提供一些支持。然而，中国3月份工业生产和零售额的增长低于预期。本周早些时候，正如人们普遍预期的那样，中国人民银行在4月份将一年期中期贷款便利利率保持在2.5%。

China’s 10-year government bond yield held below 2.3% in a muted market reaction despite stronger-than-expected GDP numbers on China. Official data showed that the country’s economy expanded 5.3% in the first quarter from a year ago, higher than the 5.2% seen in the previous quarter and beating expectations for a 5% growth. Analysts said that strong first quarter growth will likely prevent authorities from easing policy further, which should provide some support to the domestic yields. However, industrial production and retail sales in China rose less than anticipated in March. Earlier this week, the People’s Bank of China kept its one-year medium-term lending facility rate at 2.5% during its April fixing, as widely expected.

离岸人民币兑美元贬值超过7.27，创下五个月低点，尽管中国的GDP数据强于预期。官方数据显示，该国第一季度经济同比增长5.3%，高于上一季度的5.2%，超过了5%的增长预期。分析师表示，第一季度强劲的经济增长可能会阻止当局进一步放松政策，这应该会为人民币提供一些支持。然而，中国3月份工业生产和零售额的增长低于预期。从外部来看，由于强劲的美国零售销售数据巩固了美联储将推迟降息的预期，人民币面临美元反弹带来的下行压力。市场现在看到美联储在9月首次降息，远晚于此前6月的预测。

The offshore yuan depreciated past 7.27 per dollar, hitting five-month lows despite stronger-than-expected GDP numbers on China. Official data showed that the country’s economy expanded 5.3% in the first quarter from a year ago, higher than the 5.2% seen in the previous quarter and beating expectations for a 5% growth. Analysts said that strong first quarter growth will likely prevent authorities from easing policy further, which should provide some support to the yuan. However, industrial production and retail sales in China rose less than anticipated in March. Externally, the yuan faced downward pressure from a rallying dollar as strong US retail sales figures cemented expectations that the Federal Reserve will delay interest rate cuts. Markets now see the Fed delivering its first rate cut in September, much later than previous forecasts of June.

周二，上证综指下跌0.8%，收于3030点左右，深证成分股下跌1.4%，收于9237点。由于强于预期的中国GDP数据打消了进一步放松政策的希望，内地股市回吐了前一交易日的涨幅。官方数据显示，中国经济第一季度同比增长5.3%，高于上一季度的5.2%，超过了5%的增长预期。与此同时，该国3月份的工业生产和零售额增长低于预期。中国股市也跟随全球市场的抛售，因为强劲的美国经济数据打消了降息的希望，而投资者则在等待以色列对伊朗周末前所未有的空袭做出回应。科技股和医疗保健股领跌，富士康工业（-2.3%）、中兴通讯（-1.5%）、中机英诺莱特（-2.3%。

The Shanghai Composite fell 0.8% to around 3,030 while the Shenzhen Component dropped 1.4% to 9,237 on Tuesday, with mainland stocks giving back gains from the previous session as stronger-than-expected Chinese GDP data dampened hopes for further policy easing. Official data showed that China’s economy expanded 5.3% in the first quarter from a year ago, higher than the 5.2% seen in the previous quarter and beating expectations for a 5% growth. Meanwhile, the country’s industrial production and retail sales rose less than anticipated in March. Chinese stocks also tracked a selloff in global markets as strong US economic data dampened rate cut hopes, while investors awaited Israel’s response to Iran’s unprecedented air assault over the weekend. Technology and healthcare stocks led the decline, with sharp losses from Foxconn Industrial (-2.3%), ZTE Corp (-1.5%), Zhongji Innolight (-2.3%), Shenzhen Mindray (-4.9%) and Wuxi Apptec (-1.3%).