最新ニュース iShares China Large-Cap ETF (ARCA:FXI)

iShares China Large-Cap ETF

Consumer Cyclical

Financial Services

Communication Services

Technology

Energy

Industrials

Basic Materials

Healthcare

Real Estate

Consumer Defensive

Utilities

The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The index designed to measure the performance of the largest companies in the Chinese equity market that trade on the Stock Exchange of Hong Kong (SEHK) and are available to international investors, as determined by FTSE International Limited (the index provider or FTSE). The fund is non-diversified.

Tencent Holdings Limited

Meituan Dianping

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Asia

News

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

3月17日（月）、景気指標が発表された結果、株式市場は上昇で取引を終えた。数週にわたる損失の後、投資家は打撃を受けた株を買い増しし始めた。米国ではニューヨークの製造業の活動が急速に減少し、関税の上昇によるコストが原因で住宅建設業者の景気後退は明らかである。

アジアとヨーロッパ市場が上昇、金が高値更新 - 米国が眠っている間の本日のグローバル市場

Chinese Researchers Use Quantum Computers To Reportedly Crack RSA Encryption, Raising Alarms In Cybersecurity Community

Equities

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Global

Econ #s

Economics

Tech

ETFs

BABA

BIDU

過熱した米国株から苦境に立つ中国株に投資家の資金が流れる中、中国株が15年ぶりにS&amp;P500を上回る強力な四半期の業績を達成する見込み。投資家は政策に期待、米国株から中国株に乗り換えている。

投資家が政策転換を期待する中、中国株はS&amp;P 500を上回り、2007年以来最高の四半期になる見込み

Hand,Holding,Crystal,World,With,International,Currency,Sign,Include,Dollar

Emerging Markets

3月13日（木）の米国市場は大幅下落で取引を終了、米国のインフレデータが好調にもかかわらず新たな関税が明らかになったことでS&amp;P500は調整に入った。

今日のグローバル市場⁻アジアとヨーロッパ市場は上昇、金は3,000ドル

Politics

General

NVDA

Watching Nvidia; Reuters Report A Senior Congressional Staff Member Reportedly Said Nvidia Discussed Concerns About Hauwei's Growing AI Capabilities With U.S. Lawmakers

Secretary Bessent Says If Holiday Orders Not Placed, Could Be Devastating For China

Secretary Bessent Says The Chinese Need To Deescalate Tariffs

Secretary Bessent Says We Will Push For Fair Trade With China; Says China Factories Are Shutting Down 'As We Speak'

On Wednesday, April 30, U.S. markets closed mixed as the Dow and S&amp;P 500 staged a late rebound, overcoming a surprise 0.3% GDP contraction — the first in three years. Consumer spending jumped 0.7%, easing stagflation concerns, while Meta and Microsoft surged on strong earnings. AI sector jitters, tariff tensions, and Fed rate cut bets fueled market volatility, with trading volumes below average.
In economic data, U.S. GDP fell 0.3% last quarter, the first decline since 2022, missing 0.4% growth forecasts. April's ADP report showed just 62,000 new private jobs, the weakest in nine months.
Most S&amp;P 500 sectors ended higher Wednesday, led by health care, industrials, and consumer staples, while energy and consumer discretionary lagged.
The Dow Jones Industrial Average rose 0.35% to 40,669.36, the S&amp;P 500 gained 0.15% to 5,569.06, while the Nasdaq declined 0.09% to 17,446.34.
Asia Markets Today
<ul>
<li>On Thursday. Japan's Nikkei 225 closed higher by 1.22% at 36,486.50, led by gains in the Real Estate, Banking, and Textile sectors.</li>
<li>The BOJ held rates steady and cut growth forecasts, citing U.S. tariffs, but still expects to hit its 2% inflation target by late 2026.</li>
<li>Australia's S&amp;P/ASX 200 gained 0.24%, ending the session at 8,145.60, led by gains in the IT, A-REITs, and Consumer Staples sectors.</li>
<li>India market is closed for the Maharashtra Day holiday.</li>
<li>China markets closed for the Labor Day holiday.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 index closed for the Labor Day holiday.</li>
<li>German markets closed for the Labor Day holiday.</li>
<li>France markets closed for the Labor Day holiday.</li>
<li>U.K.'s FTSE 100 index traded lower by 0.02%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 2.25% at $56.89/bbl, and Brent was down 2.11% at $59.77/bbl.</li>
<li>Natural Gas gained 2.56% to $3.411.</li>
<li>Gold was trading lower by 2.66% at $3,231.94, Silver was down 1.20% to $32.140, and Copper rose 0.86% to $4.6485.</li>
<li>Gold prices fell for a third session as hopes for U.S. trade deals reduced safe-haven demand. Weak U.S. GDP data fueled rate-cut speculation, and copper prices edged higher on easing U.S.-China trade tensions.</li>
</ul>
U.S. Futures at 05:45 AM ET
Dow futures were up 0.75%, S&amp;P 500 futures gained 1.22%, and Nasdaq 100 futures rose 1.71%.
Forex at 05:45 AM ET
The U.S. dollar index rose 0.21% to 99.85, the USD/JPY rose 0.99% to 144.35, and the USD/AUD gained 0.33% to 1.5672.
Photo via Shutterstock

Gold Slides On Trade Optimism, Dollar Strengthens - Global Markets Today While US Slept

<a href="https://www.cnbc.com/2025/04/30/nvidia-ceo-jensen-huang-says-china-not-behind-in-ai.html">https://www.cnbc.com/2025/04/30/nvidia-ceo-jensen-huang-says-china-not-behind-in-ai.html</a>

'Nvidia CEO Jensen Huang warns China is 'not behind' in AI'- CNBC

<a href="https://www.bloomberg.com/news/articles/2025-04-30/china-lifts-sanctions-on-european-lawmakers-amid-trump-tariffs">https://www.bloomberg.com/news/articles/2025-04-30/china-lifts-sanctions-on-european-lawmakers-amid-trump-tariffs</a>

'China Lifts Sanctions on European Lawmakers Amid Trump Tariffs'- Bloomberg

<a href="https://www.youtube.com/watch?v=B-1xpqn6z2o" title="https://www.youtube.com/watch?v=B-1xpqn6z2o">https://www.youtube.com/watch?v=B-1xpqn6z2o</a>

President Trump Hosts Cabinet Meeting, Says At A Certain Point Hope For Deal With China; Fairness With China Includes IP

- Reuters Exclusive Citing Spokesman

EFNL

ORCL

SNAP

China's Tiktok To Invest €1 Billion In Finland To Build Data Centre

On Tuesday, April 29, U.S. markets closed higher as investors weighed strong corporate earnings, evolving U.S.-China tariff developments, and growing recession concerns.
The Dow led the gains, while oil and gold prices declined. Canada pushed back against Trump's trade stance, and China eased certain tariffs. Market sentiment remained sensitive to political shifts, with upcoming earnings from major AI-focused tech firms and weak U.S. consumer data in focus.
On the economic front, U.S. job openings fell to 7.19 million in March, missing expectations. Wholesale inventories rose 0.5% to $908 billion, suggesting stronger stockpiling. Meanwhile, the goods trade deficit widened sharply to $162 billion, exceeding forecasts and indicating increased import demand.
Most S&amp;P 500 sectors closed higher, led by financials, materials, and consumer staples. Energy stocks lagged, closing lower and diverging from the broader market trend.
The Dow Jones Industrial Average rose 0.75% to 40,527.62, the S&amp;P 500 gained 0.58% to 5,560.83, and the Nasdaq climbed 0.55% to 17,461.32.
Asia Markets Today
<ul>
<li>On Wednesday. Japan's Nikkei 225 closed higher by 0.57% at 36,043.50, led by gains in the Real Estate, Banking, and Textile sectors.     </li>
<li>Australia's S&amp;P/ASX 200 gained 0.69%, ending the session at 8,126.20, led by gains in the IT, A-REITs, and Consumer Discretionary sectors.</li>
<li>India's Nifty 50 was down 0.31% at 24,261.00, and Nifty 500 slid 0.63  % to 21,973.55.</li>
<li>China's Shanghai Composite slid 0.23% to 3,279.03, and Shanghai Shenzhen CSI 300 was down 0.12% at 3,770.57.</li>
<li>Hong Kong's Hang Seng closed 0.51% higher at 22,119.41.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.24%.</li>
<li>Germany's DAX index gained 0.51%.</li>
<li>France's CAC 40 rose 0.55%.</li>
<li>U.K.'s FTSE 100 index traded higher by 0.13%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.58% at $60.05/bbl, and Brent was down 0.57% at $62.92/bbl.</li>
<li>Oil prices extended losses, with Brent and WTI on track for their steepest monthly drops since late 2021. Weighed by trade war fears, weak demand outlook, rising supply from OPEC+, and growing U.S. inventories, crude markets remain under pressure despite efforts to ease auto tariff impacts.</li>
<li>Natural Gas fell 0.74% to $3.361.</li>
<li>Gold was trading lower by 1.47% at $3,285.25, Silver was down 3.31% to $32.175, and Copper fell 4.63% to $4.6457.</li>
<li>Gold prices slipped Wednesday as easing U.S. auto tariffs and trade optimism pressured safe-haven demand.</li>
</ul>
U.S. Futures at 05:45 AM ET
Dow futures were up 0.05%, S&amp;P 500 futures declined 0.13%, and Nasdaq 100 futures slid 0.27%.
Forex at 05:45 AM ET
<ul>
<li>The U.S. Dollar Index rose 0.23% to 99.44, USD/JPY was up 0.56% to 143.06, and USD/AUD fell 0.18% to 1.5638.</li>
<li>The dollar firmed slightly Wednesday but was still heading for its weakest month since November 2022, as investors fled U.S. assets amid tariff fears.</li>
</ul>
Photo via Shutterstock

Asia Mixed, Europe Markets Gain; Gold Softens On Easing Tensions - Global Markets Today While US Slept

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For April 50.4 Vs. 49.7 Est.; 51.2 Prior

Reported Earlier, China Non-Manufacturing Purchasing Managers Index For April 50.4 Vs. 50.6 Est.; 50.8 Prior

Reported Earlier, China Manufacturing Purchasing Managers Index For April 49.0 Vs. 49.7 Est.; 50.5 Prior

Reported Earlier, China Composite Purchasing Managers' Index For April 50.2 Vs. 51.4 Prior

<a href="https://www.reuters.com/business/energy/china-waives-tariffs-us-ethane-imports-sources-say-2025-04-29/">https://www.reuters.com/business/energy/china-waives-tariffs-us-ethane-imports-sources-say-2025-04-29/</a>

'China waives tariffs on US ethane imports, sources say'- Reuters

On Monday, April 28, U.S. markets closed mixed, with the S&amp;P 500 and Dow posting modest gains while the Nasdaq dipped. Weakness in mega caps like Nvidia and Amazon weighed on sentiment as investors awaited major tech earnings and key economic data. Uncertainty around trade policies and Sino-U.S. negotiations kept markets cautious despite recent stabilization.
In economic data, the Dallas Fed reported that Texas manufacturing activity weakened in April, with its general business activity index falling by 19.5 points to -35.8.
Most S&amp;P 500 sectors advanced Monday, led by real estate, energy, and utilities, while consumer staples and tech lagged.
The Dow Jones Industrial Average was up 0.28% to 40,227.59, the S&amp;P 500 rose 0.06% to 5,528.75, while the Nasdaq declined 0.10% to 17,366.13.
Asia Markets Today
<ul>
<li>Japan's market closed for the Showa Day holiday.</li>
<li>On Tuesday, Australia's S&amp;P/ASX 200 gained 0.92%, ending the session at 8,070.60, led by gains in the Energy, Utilities, and Resources sectors.</li>
<li>India's Nifty 50 was up 0.05% at 24,336.50, and Nifty 500 rose 0.09% to 22,122.25.</li>
<li>China's Shanghai Composite slid 0.05% to 3,286.65, and Shanghai Shenzhen CSI 300 was down 0.17% at 3,775.08.</li>
<li>Hong Kong's Hang Seng closed 0.18% higher at 22,008.11.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.02%.</li>
<li>Germany's DAX index gained 0.79%.</li>
<li>France's CAC 40 slid 0.03%.</li>
<li>U.K.'s FTSE 100 index traded higher by 0.09%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.24% at $61.28/bbl, and Brent was down 1.28% at $63.96/bbl.</li>
<li>Crude oil prices fell as U.S.-China trade tensions weakened demand expectations. OPEC+ output talks, refinery outages, and rising U.S. stockpiles added further pressure on prices.</li>
<li>Natural Gas fell 0.63% to $3.322.</li>
<li>Gold was trading lower by 0.80% at $3,320.89, Silver was up 0.93% to $33.313, and Copper rose 1.228% to $4.9516.</li>
<li>Gold prices fell as easing U.S. auto tariffs calmed trade fears.</li>
</ul>
U.S. Futures at 05:45 AM ET
Dow futures were up 0.22%, S&amp;P 500 futures gained 0.15 %, and Nasdaq 100 futures rose 0.19%.
Forex at 05:45 AM ET
<ul>
<li>The U.S. Dollar Index rose 0.33% to 99.26, USD/JPY was up 0.49% to 142.71, and USD/AUD gained 0.24% to 1.5586.</li>
<li>The U.S. dollar edged higher but remained on track for a sharp monthly loss amid tariff uncertainty and economic slowdown fears, while investors awaited key U.S. data and global trade updates.</li>
</ul>
Photo via Shutterstock

Asia And Europe Markets Mixed, Gold Dips On Trade Truce Hope  - Global Markets Today While US Slept

On Friday, April 25, U.S. markets closed higher, capping a strong week fueled by easing U.S.-China trade tensions and solid earnings. The S&amp;P 500 and Nasdaq gained, led by AI-related megacaps, while the Dow lagged.
Most S&amp;P 500 firms beat earnings expectations, though forward guidance reflected economic uncertainty. Consumer sentiment stayed weak while Alphabet rallied and Intel slumped.
In economic data, the University of Michigan&#8217;s consumer sentiment index for April was revised up to 52.2, improving from the initial estimate of 50.8 but still down from March&#8217;s 57.
Among the S&amp;P 500&#8217;s 11 major sectors, consumer discretionary and tech led the gains, while materials recorded the biggest percentage decline.
The Dow Jones Industrial Average was up 0.05% to 40,113.50, the S&amp;P 500 rose 0.74% to 5,525.21, and the Nasdaq jumped 1.26% to 17,382.94.
Asia Markets Today
<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 gained 0.35% and closed at 35,831.00, led by gains in the Real Estate, Banking, and Textile sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.36%, ending the session at 7,997.10, led by gains in the Energy, IT, and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 was up 1.17% at 24,320.35, and Nifty 500 rose 1.13% to 22,094.45.</li>
<li>China&#8217;s Shanghai Composite slid 0.20% to 3,288.41, and Shanghai Shenzhen CSI 300 was down 0.14% at 3,781.62.</li>
<li>Hong Kong&#8217;s Hang Seng closed 0.04% lower at 21,971.96.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 was up 0.79%.</li>
<li>Germany&#8217;s DAX gained 0.83%.</li>
<li>France&#8217;s CAC 40 rose 0.89%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.39%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.21% at $62.90/bbl, and Brent was down 0.20% at $65.67/bbl.</li>
<li>Natural Gas rose 1.35% to $3.156.</li>
<li>Gold was trading lower by 0.28% at $3,289.40, Silver was down 0.50% to $32.845, and Copper slid 0.53% to $4.8692.</li>
<li>Gold prices fell as easing U.S.-China trade tensions reduced safe-haven demand. Investors await key U.S. data, while Copper edged lower despite hopes for China&#8217;s economic stimulus boost.</li>
</ul>
U.S. Futures at 05:45 AM ET
Dow futures were up 0.01%, S&amp;P 500 futures fell 0.10%, and Nasdaq 100 futures declined 0.09%.
Forex at 05:45 AM ET
<ul>
<li>The U.S. Dollar Index rose 0.13% to 99.60, USD/JPY was down 0.15% to 143.46, and USD/AUD gained 0.01% to 1.5628.</li>
<li>Global markets stayed near three-week highs as easing tariff concerns lifted sentiment, though confusion over U.S. trade policy persisted. Stocks rose modestly, the dollar struggled, and investors focused on key U.S. earnings, jobs data, and upcoming elections.</li>
</ul>
Photo via Shutterstock

Asia Markets Mixed, Europe Advances, Gold Retreats On Hopes Of Fading Uncertainty - Global Markets Today While US Slept

U.S. Treasury Secretary Bessent Says All Aspects Of Government Are In Contact With China; Up To China To De-escalate On Tariffs

Bessent Says Negotiations With Asian Trading Partners Going Very Well

Chinese manufacturers are suspending operations and pursuing alternative markets as U.S. tariff increases take effect, creating ripple effects across global supply chains and threatening millions of jobs.
What Happened: Chinese factories are pausing production due to the impact of U.S. tariffs, as <a href="https://www.cnbc.com/2025/04/28/chinese-factories-stop-production-eye-new-markets-as-us-tariffs-hit.html?ref=biztoc.com">reported</a> by CNBC on Monday. The lost orders are affecting jobs and prompting Chinese exporters to explore new sales strategies, such as livestreaming at home.
According to Cameron Johnson, a senior partner at consulting firm Tidalwave Solutions, factories producing toys, sporting goods, and low-cost Dollar Store-type goods are currently the most affected. &#8220;While not large-scale yet, it is happening in the key [export] hubs of Yiwu and Dongguan, and there is concern that it will grow,&#8221; Johnson said. The impact of recent tariff hikes exceeding 100% is &#8220;way bigger&#8221; than the COVID-19 pandemic&#8217;s disruption, says Ash Monga, CEO of Imex Sourcing Services. 
Woodswool, an athleticwear manufacturer near Shanghai, reports all U.S. orders have been canceled, with over half its production once destined for American customers. The company has pivoted to domestic sales through Baidu&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) livestreaming platform, though its new sales channel generates only modest revenue.
See Also: <a href="https://www.benzinga.com/25/04/44999959/how-the-us-china-trade-war-is-unintentionally-boosting-demand-for-intels-older-chips-amid-economic-uncertainty">Intel&#8217;s Older Parts Are In Demand Thanks To US-China Trade War: &#8216;Tariffs Have Everybody Hedging Their Bets,&#8217; Says Executive</a>
Why It Matters: Many companies are diversifying production to India over Southeast Asia, while others are turning from U.S. customers to those in Europe and Latin America. Some companies have already built businesses on other trade routes from China.
For U.S. investors, these developments signal potential disruption in supply chains and pricing. Goldman Sachs has downgraded China&#8217;s Gross Domestic Product growth <a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns?utm_source=chatgpt.com">forecasts to 4.0% for 2025 and 3.5% for 2026</a>, below the government&#8217;s 5% target.
The U.S.-China trade war, under President Donald Trump&#8216;s administration, has led to a <a href="https://www.benzinga.com/25/04/45026616/trumps-trade-war-causes-sharp-decline-in-us-imports-from-china">significant decrease in U.S. imports </a>from China. In response, China has started to<a href="https://www.benzinga.com/news/global/25/04/45004954/china-reportedly-begins-exempting-key-us-imports-from-tariffs-including-pharma-and-aerospace-parts"> exempt some U.S. imports</a> from high tariffs, indicating a possible easing of trade tensions.
The iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), a widely followed U.S.-listed fund that tracks major Chinese companies, has fallen 4.38% since Trump introduced a 34% &#8220;reciprocal&#8221; tariff on Chinese imports.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/45005825/us-has-tons-of-solutions-to-secure-rare-earth-production-if-china-halts-exports-experts-say-but-warn-of-significant-challenges">US Has &#8216;Tons Of Solutions&#8217; To Secure Rare Earth Production If China Halts Exports, Experts Say, But Warn Of Significant Challenges</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Trump Tariffs Prompt Suspension Of Chinese Factory Operations And Shift To New Markets

3月17日（月）、景気指標が発表された結果、株式市場は上昇で取引を終えた。数週にわたる下落の後、投資家は打撃を受けた株を買い増しを始めた。米国ではニューヨークの製造業の活動が急速に減少し、関税の上昇によるコストが原因で住宅建設業者の景気後退は明らかである。
投資家たちのマーケットの注目は、金曜日に予定されている連邦準備制度理事会（FRB）の会合である。金利はこの会合で据え置かれると予想されている。
経済指標によると、2月における米国の小売売上高は予想を下回る0.2%増。この結果は、新たに発表された米国の製造業指数が-20.0にまで下がり、2023年5月以来の最低水準。住宅建設業者の信頼感も2月の42から3月の39に減少。
月曜日、株式市場のS&amp;P500のほとんどのセクターが上昇し、不動産、エネルギー、および日用品関連株は上昇し、一方で、消費関連株は下落。
ダウ平均株価は0.85％上昇し、4万1841.63ドルで取引を終了した。S&amp;P 500は0.64％上昇の5,675.12ドルで取引を終え、ナスダック総合株価指数も0.31％増の17,808.66ドルで終了した。
本日のアジア市場
<ul>
<li>火曜日、日経225株価指数は1.24％上昇し、3万7859.00ポイントで取引を終了した。上昇は、電力、ゴム・化学、石油・プラスチックセクター。</li>
<li>S&amp;P/ASX 200指数は0.08％上昇し、7,860.40ドルで取引を終了。公共関連、ゴールド、A-REITsセクターが上昇。</li>
<li>インドのNifty 50は1.29％上昇し、22,800.35で取引を終了。Nifty 500は1.66％上昇の20,624.05。</li>
<li>上海総合指数は0.11％減の3,429.76で、CSI300は0.27％上昇の4,007.72で取引を終了。</li>
<li>香港のハンセン指数は2.46％急伸し、24,740.57で取引を終了した。</li>
</ul>
05:45ETのユーロ圏市場
<ul>
<li>欧州STOXX 50は0.93%上昇。</li>
<li>ドイツのダックスは1.32%上昇。</li>
<li>フランスのCACは0.64%上昇。</li>
<li>英国のFTSE 100指数は0.50%上昇。</li>
</ul>
05:45ETの商品市場
<ul>
<li>WTI原油はバレルあたり68.35ドルで1.48%上昇、ブレンド原油はバレルあたり1.36%上昇の72.04ドルでの推移。</li>
<li>中東の緊張と中国の景気刺激策により、原油価格は上昇した。しかし、世界経済成長の懸念、米国の関税、ウクライナの停戦不透明さから、これらの上昇は限定的。</li>
<li>天然ガスはバレルあたり3.980ドルで0.95％減少。</li>
<li>金は史上最高値の1オンス3,037ドルを更新。執筆時点では、1オンスで0.82％上昇の3,030.46ドル、銀は1.32％上昇の34.763ドル、銅は0.41％上昇の4.9795ドルで取引を終えている。</li>
</ul>
05:45ETの米国先物市場
ダウ先物は0.02％下落、S&amp;P500先物は0.02％下落、ナスダック100先物は0.10％下落。
05:45ETの外国為替市場
<ul>
<li>米ドル指数は0.08％下落のの103.33、米ドル/円は0.40％上昇の149.81、米ドル/豪ドルは0.01％上昇の1.5664での推移。</li>
<li>FRBの会合を控え、米ドルは下落し、一方でドイツの景気刺激策による期待を前に、ユーロは上昇した。日本銀行による政策決定を前に、円は売られ、中国の人民元は横ばいの動きを見せた。</li>
</ul>
以上
提供：シャッターストック

過熱した米国株から苦境に立つ中国株に投資家の資金が流れる中、中国株が15年ぶりにS&amp;P500を上回る強力な四半期の業績を達成する見込み。投資家は<a href="https://www.benzinga.com/topic/china">政策に期待</a>、米国株から中国株に乗り換えている。
iシェアーズ中国大型株ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>）の3月17日の終値は年初来26.6％上昇、2009年初め以来の最高の四半期の業績を達する見通しである。一方、SPDR S&amp;P 500 ETF トラスト（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>）は、年初来3.2％下落、中国株との相対的なパフォーマンスは約30％に達し、2007年中旬以来の最大の差。
バリュー・パートナーズ・グループ(Value Partners Group) は、中国株市場について楽観的であり、「中国A株市場は底値に近い。価格や市場の期待も低いため、下落リスクは少ない」という内容のメールを月曜日に発表した。
同社は、トランプ関税、政治、中国の内需重視の国内政策と供給サイド対策に関する不確実性による変動はあるものの、2025年には市場が上昇傾向に向かうと予測している。
<h1 class="wp-block-heading">チャート：中国株2007年以来の最高四半期でS&amp;P500を上回る</h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-828125" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-1024x529.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-1536x793.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140.png 1920w" alt="" width="1024" height="529" /></figure>
<h1 class="wp-block-heading">消費刺激を促進させる中国の政策</h1>
先週日曜日、中国政府は国内消費を刺激するための「特別行動計画」を発表した。この計画には、収入の増加、社会保障の拡大、製品の品質向上、支出を刺激するための購入制限の緩和を目的とした政策が盛り込まれている。
ゴールドマン・サックスのエコノミスト、ヤン・ユーティン(Yuting Yang)氏は、景気刺激策の方向性を認めながらも「資金調達と実施の両方が重要である」と主張した。
中国では不安定な不動産市場や労働需要の低迷により、消費者の信頼感が低下し、苦戦している。
さらに、ヤン氏は、「家計収入の改善とより持続可能な消費の回復を促進するためには、不動産価格の安定、労働需要の改善、そしてより良い社会保障ネットワークの設立が必要だ」とも付け加えた。
<h1 class="wp-block-heading">ハイテク大手企業が市場急騰を導く</h1>
月曜日には、アリババ・グループ・ホールディングス（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>）の株価が4.6％急伸し、年初来の急伸率は驚異的な74％に達した。
一方、バイドゥ（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>）は、最新のAIモデル「アーニー(Ernie) X1」を発表して9％以上の急騰。同社はアーニー X1が半分の費用でディープシークのAIと同等のパフォーマンスをすると主張しており、世界的な技術競争における中国のAIへの意欲を強めている。
現時点の数字には説得力がある。中国株は2007年以来に見られないほどのペースで米国株を上回り、驚異的な回復が見られる。この急騰が一時的なものなのか、それとも、長期的なトレンドのはじまりなのかは北京の経済成長と投資家の信頼にかかっている。
次を読む：
<ul>
<li><a href="http://benzinga.com/government/regulations/25/03/44364688/feds-march-meeting-expected-to-signal-no-hurry-on-rate-cuts-as-powell-likely-to-tread-carefully">FOMC 3月会合、パウエル議長が「慎重に進める」との見通しが示される</a></li>
</ul>
写真：シャッターストック

投資家が政策転換を期待する中、中国株はS&P 500を上回り、2007年以来最高の四半期になる見込み

3月13日（木）の米国市場は大幅下落で取引を終了、米国のインフレデータが好調にもかかわらず新たな関税が明らかになったことでS&amp;P500は<a href="https://www.benzinga.com/government/regulations/25/03/44317410/sp-500-enters-technical-correction-as-trade-war-fears-rattle-markets" target="_blank" rel="noreferrer noopener">調整</a>に入った。
投資家感情は悪化しているが、PPI(生産者物価指数)とCPI(消費者物価指数)が予想よりも落ち着いており、失業保険申請件数も微減で労働市場は強いままだった。主要な株価指数の下落材料は、「マグニフィセント・セブン」をはじめとした大手ハイテク株の大量の売り越しだった。欧州が米国の鉄鋼やアルミに対する報復関税で貿易摩擦の緊張が高まっている。
経済データでは、2月の米国の生産者物価は横ばいで1月の改定値０．6％増の後、予想の０．3％増を下回った。失業保険申請件数は2,000件減の22万件で予想の22万5000件を下回る結果だった。
S&amp;P 500のほとんどのセクターは軒並み値を下げたが、公共事業セクターの銘柄の中には上昇しているものもあった。
ダウ平均は1.30％安の40,813.57、S&amp;P500は1.39％安の5,521.52、ナスダックは1.96％安の17,303.01で取引終了。
本日のアジア市場の動向
<ul>
<li>日経225は、電力、ゴム・化学、石油・プラスチックが値を上げ、0.72％上昇し、終値は37,053.10。</li>
<li>オーストラリアのS&amp;P/ASX200は0.52％上昇し、終値は7,789.70。</li>
<li>インド市場はホーリー祭の休日のため休場。</li>
<li>上海総合指数は1.81％上昇し、終値は3,419.56。CSI300は2.43％上昇、終値は4,006.56。</li>
<li>ハンセン指数は2.12％上昇し、終値は23,959.98。</li>
<li>中国株は、月曜日の中国の政府高官の記者会見を控え、人民銀行の流動性対策や消費刺激策などの新たな政策の期待感から上昇した。</li>
</ul>
ユーロ圏の05:45AM(ET)
<ul>
<li>ユーロ・ストックス50は0.60％上昇。</li>
<li>ドイツのDAXは0.55％上昇。</li>
<li>フランスのCACは0.65％上昇。</li>
<li>イギリスのFTSE100指数は0.41％上昇。</li>
</ul>
05:45AM(ET)現在の商品
WTI原油は1.01％上昇し、1バレル67.21ドルで取引されており、Brentは0.90％上昇の1バレル70.51。
ロシアの原油供給の削減とウクライナとの即時停戦の希望が薄れたことで、原油価格が急騰。
天然ガスは0.63％下落し、1発4.085ドルでの取引。
金は1.36％上昇し、1オンス34.773ドル、銀は0.66％上昇し、1オンス3010.96ドル、銅は0.04％上昇し、1ポンドあたり4.9270ドルでの取引。
貿易戦争の緊張感の高まりと、利上げ予想により、金相場は高値更新が続いている。また、ETFの流入やFRBの政策の見通しが引き続き投資家の感情を後押ししている。
05:45AM(ET)時点の米国先物
ダウ先物は0.54％上昇、S&amp;P500先物は0.76％上昇、ナスダック100先物は1.00％上昇。
05:45AM(ET)時点の外国為替
米ドル指数(DXY)は0.08％上昇の103.92、米ドル/円は0.076％上昇の148.93、米ドル/豪ドルは0.34％減の1.5860での取引。
米ドルの相対的な弱さが一部の通貨にプレッシャーをかけた。　　　　　　　　　　　　　　　　　　　　　　　　　　以上

中国統計局が先週金曜日に発表した<a href="https://www.stats.gov.cn/english/PressRelease/202405/t20240517_1955749.html">データ</a>によると、4月には小売売上高の伸びは減速した一方で、工業活動は引き続き強いままでした。
4月の小売売上高は前年同月比2.3％増となり、ロイターの予想調査で見込まれていた3.8％を下回った。この伸びはまた、3月の3.1％に比べ鈍化している。
一方、工業生産は4月に6.7％急増し、予測されていた5.5％増を上回り、3月の4.5％から大幅に増加しました。
今年の最初の4か月間の固定資産投資は4.2％上昇し、予想されていた4.6％の増加率より低かった。問題となっている不動産投資は前期役10％の下落となり、堅調な推移とは言えない。
中国商務省によると、4月29日から5月3日までの最近の休日においては、小売売上高は前年同期比6.8％増となりました。
香港株式市場での株価動向： Alibaba Group Holding Limitedは、株価を6.84％上昇の85.15香港ドルで取引中、JD.com, Inc.は株価を0.38％上昇させた132.90香港ドルで取引中、その他のPDD Holdings Inc.は、株価を0.36％上昇させた143.38香港ドルで取引を行っています。
一方、KraneShares CSI China Internet ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>）、KraneShares Bosera MSCI China A 50 Connect Index ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBA#NYSE">KBA</a>）、iShares MSCI China ETF（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>）、iShares China Large-Cap ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>）などの主要な中国関連ETFは、<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38738819/the-dragon-awakens-kraneshares-cio-names-5-reasons-to-invest-in-chinas-stock-market">主要な米国株式ETFを上回る</a>一方で、市場の風景に変化の兆しが表れています。
最近のデータリリースは、中国の経済成長について複雑な状況を示しています。小売売上高の減速は、不動産市場の冷えと、5月1日の労働節（中国の労働の祝日）の影響が要因と考えられます。
それにもかかわらず中国の経済は強さを示しています。中国の2024年の1四半期のGDP成長率は5.3％であり、これは期待を上回る数字です。この伸びは、アジア経済協力プラス3マクロ経済研究所の予測と同様に、<a href="https://www.benzinga.com/markets/asia/24/04/38135895/chinas-economy-expected-to-surge-5-3-this-year-fueled-by-property-sector-stabilization-and-regional">不動産部門の</a>安定化と外部需要の改善に帰されています。
しかし、中国の輸出業者は輸出がドルベースで<a href="https://www.benzinga.com/news/24/04/38291189/chinese-exporters-grapple-with-challenges-despite-chinas-economic-growth-were-selling-electrical-app">減少</a>しており、生産者価格も下がっています。
中国の経済が世界経済に大きな影響を残す中、消費量の回復もまた経済への影響としては大きい。

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