人民币/港币 (CNYHKD) 加自选

恒生指数下跌，美国国债收益率飙升，中国刺激措施等待。美国国债收益率上升，给亚洲市场带来压力。恒生指数下跌0.14%，房地产和科技股领跌。

Hang Seng Index Dips as US Treasury Yields Surge, China Stimulus Awaited.US Treasury yields rise, pressuring Asian markets. Hang Seng falls 0.14%, with real estate and tech stocks leading the decline.

香港股市在前两个交易日上涨后，在周四早盘下跌159点，跌幅0.8%，至20605点，受大多数板块暴跌拖累。恒生科技指数下跌约1%，此前台湾半导体制造公司发现为客户生产的芯片最终落入华为科技公司手中，可能违反美国制裁，暂停了向该客户的发货。房地产和消费者也走低，警惕的交易员密切关注即将到来的美国大选、美联储利率走势的前景以及中东持续的紧张局势。正如一家政府附属智库所建议的那样，对中国潜在的2万亿元人民币市场稳定基金的猜测缓和了损失。指数权重股下跌，腾讯股价下跌。美团股价分别下跌1.4%左右。KE-Hlds也出现了其他大幅亏损。（-4.2%）、周大福珠宝（-3.6%）、华润置地（-3.0%）和吉利汽车（-2.6%）。

Shares in Hong Kong lost 159 points or 0.8% to 20,605 in Thursday morning session after gaining in the prior two sessions, weighed by steep declines in most sectors. The Hang Seng tech index slipped around 1% after Taiwan Semicon Manufacturing halted shipments to a client after discovering that chips made for that client ended up with Huawei Tech Co., potentially violating US sanctions. Property and consumers also moved lower, with vigilant traders keeping an eye on the upcoming US election, the outlook for the Fed's interest rate path, and ongoing tensions in the Middle East. Tempering the losses was speculation about a potential CNY 2 trillion market stabilization fund in China, as suggested by a government-affiliated think tank. Index heavyweights dipped, with Tencent Hlds. and Meituan sinking around 1.4%, respectively. Other sharp losses were observed for KE Hlds. (-4.2%), Chow Tai Fook Jewellery (-3.6%), China Resources Land (-3.0%), and Geely Auto (-2.6%).

周四，上证综指下跌0.7%，至3280点左右，深证成分股下跌0.8%，至10490点。由于即将到来的美国总统大选使投资者对中美紧张局势的潜在升级感到紧张，内地股市结束了四天的上涨。在当局实施了一系列刺激措施，包括降低关键贷款利率以恢复经济增长和各种货币工具以提振股市活动后，投资者也在等待北京方面的进一步政策信号。与此同时，缺乏积极的财政刺激措施继续给市场带来压力，因为积极的政府支出被视为支持增长的关键。四川长虹（-5.1%）、Seres Group（-1.5%）、光启科技（-8.2%）、上海电气（-1.2%）和隆基绿色能源（-2.7%）均出现显著亏损。

The Shanghai Composite fell 0.7% to around 3,280 while the Shenzhen Component dropped 0.8% to 10,490 on Thursday, with mainland stocks snapping a four-day advance as the upcoming US presidential election kept investors on edge for a potential escalation of Sino-US tensions. Investors also awaited further policy signals from Beijing after authorities implemented a slew of stimulus measures including a reduction of key lending rate to revive economic growth and various monetary tools to boost stock market activity. Meanwhile, the lack of aggressive fiscal stimulus continued to weigh on the market as aggressive government spending is seen as crucial to support growth. Notable losses were seen from Sichuan Changhong (-5.1%), Seres Group (-1.5%), Kuang-Chi Technologies (-8.2%), Shanghai Electric (-1.2%) and Longi Green Energy (-2.7%).

中国现在面临日本式经济“失落的十年”前景的可能性越来越大。我只是在读美国企业研究所的一篇文章，这是一家总部位于华盛顿特区的中右翼智库，研究政府、政治、经济等。

Heightening chance China now faces the prospect of a Japanese-style lost economic decade.I'm just reading through a piece from the American Enterprise Institute, a center-right/right-wing think tank based in Washington, D.C., that researches government, politics, economics, etc.