台股加權指數.width-1200.format-jepg.jpg

2024年,亞太地區股市表現亮眼,多數主要市場以正增長收官,受益於區域內中央銀行放寬貨幣政策以及人工智慧(AI)熱潮的推動,尤其是在科技股方面的突出表現。然而,進入2025年後,市場將面臨來自多方面的不確定性與挑戰。


2024年亞太市場表現概述

亞太地區股市在2024年整體呈現強勁增長。多國中央銀行採取寬鬆貨幣政策,有效降低了通脹,同時,人工智慧技術的快速發展也極大提振了科技股的表現。

其中,台灣加權指數(Taiex)表現最為突出,全年大漲28.85%,成為亞太市場的領跑者。這一成績主要得益於兩大科技股巨頭的強勁漲勢:

  • 台積電(TSMC) 作爲輝達(Nvidia)的主要供應商也被這個最大AI概念股驚人漲幅帶動,股價全年飆升82.12%,得益於全球對AI伺服器和數據中心的強勁需求。
  • 鴻海精密(Foxconn) 作為蘋果供應鏈的核心公司,股價全年上漲77.51%。

然而,展望2025年,AI數據中心和伺服器的需求可能會有所放緩,但隨著AI技術應用的普及,AI驅動的手機、電腦和其他消費電子產品需求有望持續增長。

香港恆生指數與韓國綜合股價指數

香港恆生指數(Hang Seng Index) 同樣表現不俗,全年上漲16.63%,位居亞太市場第二位,顯示出該市場在區域性經濟復甦中的穩定性。然而,並非所有市場都能享受上漲的紅利。韓國綜合股價指數(Kospi) 成為唯一主要下跌的亞洲市場,全年下跌8.03%,表現最差。

韓國市場的下滑原因:

  • 政府的“Corporate Value-up”計劃未能有效提振市場。
  • 關稅問題、出口依賴以及總統尹錫悅的彈劾案引發的政治動盪加劇了投資者的不安。
  • 美國與中國經濟的不確定性,進一步影響了韓國以出口為導向的經濟結構。


2025年市場展望:挑戰與機遇

進入2025年,亞太地區將面臨來自外部環境和內部結構的雙重挑戰。

特朗普新任期的政策影響

特朗普再次當選美國總統可能引發新一輪貿易壁壘。Nomura預計,其政府在2025年初將提高關稅,導致通脹上升,投資增速放緩。這一政策將直接影響以製造業和貿易為主的亞洲經濟體。

  • 關稅上升可能削弱亞洲地區的出口能力,特別是對依賴外貿的國家如南韓和泰國而言,壓力尤為顯著。
  • 預期中的貿易衝突可能進一步增加投資不確定性,阻礙該地區的商業投資計劃。

貨幣政策的分化

2025年亞太地區的貨幣政策將顯現出顯著分歧:

  • 放寬政策:中國、澳洲、南韓和印尼等國家,為應對外匯風險,可能進一步降低利率,刺激經濟增長。
  • 緊縮政策:日本和馬來西亞則可能因經濟增長強勁和通脹壓力而選擇加息。

儘管貨幣政策的分化提供了一定的調節空間,但Nomura警告稱,全球金融條件的收緊以及美元的走強可能給亞太經濟體帶來額外挑戰。


中國經濟:挑戰與機遇並存

2024年表現

中國在2024年成功結束了長達三年的股市低迷,滬深300指數全年上漲14.64%,這主要得益於北京政府的經濟刺激政策。

2025年展望

然而,進入2025年後,中國經濟增長預計將從2024年的4.8% 放緩至4.0%,儘管官方可能仍會維持5% 的GDP增長目標。

主要挑戰:

  • 穩定房地產市場。
  • 改善財政體系並加強社會福利支持。
  • 緩解地緣政治緊張局勢,特別是特朗普政策對中國出口的影響。

潛在機遇:

  • 與中國消費者相關的公司或因刺激政策的到位而受益。這些企業雖然目前估值相對較低,但可能隨需求改善而帶來回報。


總結與展望

2025年,亞太地區市場的主要關注點將集中在人工智慧需求的演變、出口的前置效應、特朗普政策的走向以及中國經濟的可持續性上。

  • 雖然部分增長動力(如AI熱潮)將在第一季度繼續支持市場,但從第二季度起,波動性和挑戰可能加劇。
  • 擁有強大內需基礎的國家如馬來西亞和菲律賓,有望在增長中脫穎而出,而印度、泰國和南韓則可能面臨更大挑戰。

在多重不確定性下,亞太地區投資者需更加關注政策走向和經濟基本面的變化,以在波動中抓住潛在機遇。


在考慮股票、指數、外匯(外匯)和商品的交易及價格預測時,請記住,交易CFD涉及較高風險,可能導致資本損失。

過去的錶現不能作為未來結果的指示。此信息僅用於提供信息,不應被視為投資建議。


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    • 1x layouts.header.menumenu.blade.php#?blade
    • 1x layouts.header.search-togglesearch-toggle.blade.php#?blade
    • 1x layouts.header.login-buttonslogin-buttons.blade.php#?blade
    • 1x components.search-resultssearch-results.blade.php#?blade
    • 1x components.blur-animationblur-animation.blade.php#?blade
    • 1x layouts.floating.cookiescookies.blade.php#?blade
    • 1x scripts.breadcrumbsbreadcrumbs.blade.php#?blade
    • 1x components.corner-advertcorner-advert.blade.php#?blade
    • 1x layouts.footerfooter.blade.php#?blade
    • 1x scripts.functionalfunctional.blade.php#?blade
    • 1x scripts.trackingtracking.blade.php#?blade
    uri
    GET {locale}/news/{slug}
    middleware
    web, SetDomain, GoMarkets, setlocale, trackingparams, redirects, Logout, pagecache, setrisk, gettranslations, getglobalsettings, urlstructure, saveReferral
    controller
    App\Http\Controllers\DynamicContentController@getNewsFromCollection
    prefix
    /{locale}
    where
    file
    app/Http/Controllers/DynamicContentController.php:370-421
    0 statements were executed0μs
          _token
          Pm9Eej3smZGsXRBjMTW4C7pjnTdNhFOTFKQ2RsLC
          ClearShow all
          Date ↕MethodURLData
          #12025-04-14 19:48:42GET/zh-tw/news/asia-markets-perform-strongly-in-2024-taiwan-market-the-biggest-winner-thanks-to-tech-stocks/7689