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机构:特朗普“关税风暴”席卷全球 亚洲市场继续上演抛售

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2025-04-07 03:39:21

亚洲股市暴跌:关税冲击波持续发酵,全球金融稳定面临严峻挑战



由于市场难以消化上周地震般的关税政策冲击波,亚洲股市今日普遍遭遇大规模抛售,主要股指跌幅均超过2%。星展银行(DBS)首席经济学家Taimur Baig警告称,"风险厌恶情绪和市场抛售潮可能只是开始",投资者正面临多重不确定性因素。



三大核心风险预警:

1. 美国可能进一步加征二次关税

2. 欧盟等经济体或将报复性针对美国服务出口

3. 美联储可能被迫在通胀高企时降息



星展银行最新研究报告指出,这种政策困境可能导致:

- 全球金融稳定性受到严重威胁

- 经济增长率将低于趋势水平(概率45%)

- 通胀率持续高于目标区间(概率45%)

- 美国经济衰退风险升至35%



对投资者的直接影响:

1. 亚洲出口导向型经济体股票估值面临重估压力

2. 美元资产波动性可能加剧

3. 避险资产(黄金、日元等)配置需求上升

4. 跨国企业盈利预期需要下调



分析师特别提醒,当前市场已进入"政策不确定性溢价"阶段,建议投资者:

- 增加投资组合防御性配置

- 密切关注G20国家政策动向

- 重点评估出口企业供应链韧性

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