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\u4e0e\u6b64\u540c\u65f6\uff0c\u8bc1\u76d1\u4f1a\u4f9d\u6cd5\u5bf9Tiger Brokers (NZ) Limited\uff08\u4ee5\u4e0b\u7b80\u79f0\u8001\u864e\uff09\u3001\u5bcc\u9014\u8bc1\u5238\u56fd\u9645\uff08\u9999\u6e2f\uff09\u6709\u9650\u516c\u53f8\uff08\u4ee5\u4e0b\u7b80\u79f0\u5bcc\u9014\uff09\u3001\u957f\u6865\u8bc1\u5238\uff08\u9999\u6e2f\uff09\u6709\u9650\u516c\u53f8\uff08\u4ee5\u4e0b\u7b80\u79f0\u957f\u6865\uff09\u5883\u5185\u5916\u76f8\u5173\u4e3b\u4f53\u5728\u5883\u5185\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1\u7b49\u884c\u4e3a\u7acb\u6848\u8c03\u67e5\u5e76\u4f5c\u51fa\u884c\u653f\u5904\u7f5a\u4e8b\u5148\u544a\u77e5\u3002<\/p>\n

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3\u3001DeepSeek\u5ba3\u5e03\u6c38\u4e45\u964d\u4ef7<\/font><\/p>\n

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4\u30014\u5bb6A\u80a1\u516c\u53f8\uff0c\u7ec8\u6b62\u4e0a\u5e02<\/font><\/p>\n

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5\u3001\u591a\u53ea\u5927\u725b\u80a1\uff0c\u516c\u544a\u51cf\u6301<\/font><\/p>\n

5\u670822\u65e5\u665a\u95f4\uff0c\u591a\u53ea\u725b\u80a1\u62ab\u9732\u4e86\u51cf\u6301\u516c\u544a\u3002\u5176\u4e2d\uff0c\u4e2d\u5fae\u516c\u53f8<\/a><\/span><\/span>\u80a1\u4e1c\u62df\u51cf\u6301\u4e0d\u8d852%\u80a1\u4efd\uff0c\u957f\u82af\u535a\u521b<\/a><\/span><\/span>\u80a1\u4e1c\u62df\u51cf\u6301\u4e0d\u8d851.37%\u80a1\u4efd\uff0c\u7ff1\u6377\u79d1\u6280<\/a><\/span><\/span>\u80a1\u4e1c\u62df\u51cf\u6301\u4e0d\u8d853%\u80a1\u4efd\u3002\u53e6\u5916\uff0c\u6f9c\u8d77\u79d1\u6280<\/a><\/span><\/span>\u3001\u6676\u5347\u80a1\u4efd<\/a><\/span><\/span>\u3001\u8d85\u8fbe\u88c5\u5907<\/a><\/span><\/span>\u3001\u4f1f\u521b\u7535\u6c14<\/a><\/span><\/span>\u3001\u8302\u83b1\u5149\u5b66<\/a><\/span><\/span>\u7b49\u516c\u53f8\u53d1\u5e03\u80a1\u4e1c\u8be2\u4ef7\u8f6c\u8ba9\u8ba1\u5212\u4e66\u3002\u5176\u4e2d\uff0c\u6f9c\u8d77\u79d1\u6280\u80a1\u4e1c\u62df\u8be2\u4ef7\u8f6c\u8ba9\u516c\u53f8\u7ea61%\u80a1\u4efd\uff0c\u6676\u5347\u80a1\u4efd\u80a1\u4e1c\u62df\u8be2\u4ef7\u8f6c\u8ba9\u516c\u53f82%\u80a1\u4efd\u3002<\/p>\n

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6\u3001\u6052\u751f\u79d1\u6280\u6307\u6570\u7eb3\u5165MINIMAX-W\u3001\u667a\u8c31<\/font><\/p>\n

5\u670822\u65e5\uff0c\u6052\u751f\u6307\u6570\u516c\u53f8\u53d1\u5e03\u5b63\u68c0\u7ed3\u679c\uff1a\u6052\u751f\u6307\u6570\u7eb3\u5165\u6781\u5154\u901f\u9012\u3001\u767e\u6d4e\u795e\u5dde<\/a><\/span><\/span>\u3001\u4e2d\u56fd\u94dd\u4e1a<\/a><\/span><\/span>\u3002\u6052\u751f\u79d1\u6280\u6307\u6570\u7eb3\u5165MINIMAX-W\u3001\u667a\u8c31\uff1b\u5254\u9664\u91d1\u8776\u56fd\u9645\u3001\u91d1\u5c71\u8f6f\u4ef6\u3002<\/p>\n

7\u3001\u9053\u6307\u7eed\u521b\u65b0\u9ad8\uff0c\u4e2d\u56fd\u91d1\u9f99\u6307\u6570\u8dcc\u8d852%<\/font><\/p>\n

5\u670822\u65e5\uff0c\u9053\u6307\u4e0a\u6da80.58%\uff0c\u7eed\u521b\u65b0\u9ad8\uff1b\u6807\u666e500\u4e0a\u6da80.37%\uff0c\u5468\u7ebf\u5f55\u5f97\u516b\u8fde\u6da8\uff1b\u7eb3\u6307\u4e0a\u6da80.19%\u3002\u5927\u578b\u79d1\u6280\u80a1\u65b9\u9762\uff0c\u7279\u65af\u62c9\u6da81.95%\uff0cMeta Platforms\u6da80.47%\uff0c\u82f9\u679c\u6da81.26%\uff0c\u8fde\u6da8\u56db\u65e5\uff0c\u7eed\u521b\u65b0\u9ad8\uff0c\u603b\u5e02\u503c\u7ad9\u4e0a4.5\u4e07\u4ebf\u7f8e\u5143\u3002\u8c37\u6b4c-C\u8dcc1.07%\uff0c\u82f1\u4f1f\u8fbe\u8dcc1.90%\u3002\u7f8e\u80a1\u91cf\u5b50\u8ba1\u7b97\u6982\u5ff5\u80a1\u5ef6\u7eed\u5f3a\u52bf\uff0cRigetti Computing\u6da8\u8fd120%\uff0cD-Wave Quantum\u6da8\u8d8514%\u3002<\/p>\n

\u7eb3\u65af\u8fbe\u514b\u4e2d\u56fd\u91d1\u9f99\u6307\u6570\u4e0b\u8dcc2.21%\uff0c\u5bcc\u9014\u63a7\u80a1\u8dcc\u8d8527%\uff0c\u8001\u864e\u8bc1\u5238\u8dcc\u8d8525%\uff0c\u6d88\u606f\u65b9\u9762\uff0c\u8bc1\u76d1\u4f1a\u4e25\u8083\u67e5\u5904\u5bcc\u9014\u3001\u8001\u864e\u7b49\u673a\u6784\u975e\u6cd5\u8de8\u5883\u5c55\u4e1a\u6848\u4ef6\uff1b\u7f8e\u534e\u521b\u5bcc\u8dcc\u8d859%\uff0c\u851a\u6765\u8dcc\u8d857%\uff0cEnhanced Group Inc.\u8dcc\u8d856%\uff0c\u65b0\u6c27\u8dcc\u8d8516%\uff0c\u5c0f\u8d62\u79d1\u6280\u8dcc\u8d858%\uff0c\u6c34\u6ef4\u516c\u53f8\u8dcc\u8d857%\u3002<\/p>\n

8\u3001\u9884\u544a\uff1a\u957f\u946b\u79d1\u6280\u4e0a\u4f1a\uff0c\u91cd\u8981\u56fd\u9645\u6307\u6570\u5c06\u8c03\u6574\uff1b\u7f8e\u8054\u50a8\u52a0\u606f\u65b0\u6d88\u606f<\/font><\/p>\n

5\u670831\u65e5\uff0c5\u6708PMI\u6570\u636e\u5c06\u516c\u5e03\u3002\u6b64\u5916\uff0c\u636e\u4e0a\u4ea4\u6240\u7f51\u7ad9\u62ab\u9732\uff0c\u4e0a\u4ea4\u6240\u4e0a\u5e02\u5ba1\u6838\u59d4\u5458\u4f1a\u5b9a\u4e8e5\u670827\u65e5\u53ec\u5f002026\u5e74\u7b2c27\u6b21\u4e0a\u5e02\u5ba1\u6838\u59d4\u5458\u4f1a\u5ba1\u8bae\u4f1a\u8bae\uff0c\u5c4a\u65f6\u5c06\u5ba1\u8bae\u957f\u946b\u79d1\u6280\u96c6\u56e2\u80a1\u4efd\u6709\u9650\u516c\u53f8\u7684\u9996\u53d1\u4e8b\u9879\u3002<\/p>\n

\u5168\u7403\u77e5\u540d\u6307\u6570\u7f16\u5236\u516c\u53f8MSCI\u6b64\u524d\u516c\u5e035\u6708\u5ba1\u8bae\u7ed3\u679c\u3002\u5728\u672c\u6b21\u8c03\u6574\u4e2d\uff0cMSCI\u4e2d\u56fd\u6307\u6570\u65b0\u7eb3\u516522\u53ea\u6210\u4efd\u80a1\uff0c\u5254\u966424\u53ea\uff1bMSCI\u4e2d\u56fdA\u80a1\u5728\u5cb8\u6307\u6570\u65b0\u7eb3\u516519\u53ea\u6210\u4efd\u80a1\u3001\u5254\u966416\u53ea\u3002\u672c\u6b21\u8c03\u6574\u5c06\u4e8e5\u670829\u65e5\u6536\u76d8\u540e\u751f\u6548\u3002<\/p>\n

5\u670828\u65e5\u5468\u56db\uff0c\u7f8e\u8054\u50a8\u6700\u7231\u7684\u901a\u80c0\u6307\u6807\u2014\u2014\u7f8e\u56fd\u6700\u65b0PCE\u6570\u636e\u5c06\u53d1\u5e03\u3002\u4e2d\u91d1\u8ba4\u4e3a\uff0c\u53d7\u7f8e\u56fd\u901a\u80c0\u6570\u636e\u8d85\u9884\u671f\u53ca\u5c31\u4e1a\u5e02\u573a\u4f01\u7a33\u5f71\u54cd\uff0c\u9884\u8ba1\u5168\u5e74PCE\u663e\u8457\u9ad8\u4e8e2%\u76ee\u6807\uff0c\u7f8e\u8054\u50a8\u5e74\u5185\u6216\u96be\u4ee5\u964d\u606f\u3002\u6b64\u5916\uff0c5\u670822\u65e5\u7f8e\u503a\u5e02\u573a\u518d\u5ea6\u906d\u9047\u629b\u552e\uff0c\u76ee\u524d\u671f\u8d27\u5e02\u573a\u5df2\u5b8c\u5168\u8ba1\u5165\u7f8e\u8054\u50a8\u5c06\u4e8e\u4eca\u5e74\u52a0\u606f25\u4e2a\u57fa\u70b9\u7684\u9884\u671f\u3002\u201c\u5927\u9e3d\u6d3e\u201d\u7f8e\u8054\u50a8\u7406\u4e8b\u6c83\u52d2\u5728\u6700\u65b0\u7684\u8bb2\u8bdd\u4e2d\u4e5f\u8868\u793a\uff0c\u5c06\u652f\u6301\u4ece\u653f\u7b56\u58f0\u660e\u4e2d\u5220\u9664\u201c\u5bbd\u677e\u503e\u5411\u201d\u7684\u63aa\u8f9e\uff0c\u5982\u679c\u901a\u80c0\u4e0d\u80fd\u5f88\u5feb\u653e\u7f13\uff0c\u4ed6\u4e0d\u6392\u9664\u672a\u6765\u52a0\u606f\u7684\u53ef\u80fd\u3002<\/p>\n

9\u3001IPO<\/a>\u6ce8\u518c\u53ca\u65b0\u80a1\u7533\u8d2d<\/font><\/p>\n

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\"\u8bc1\u76d1\u4f1a\u7b498\u90e8\u95e8\u51fa\u624b\uff014\u53eaA\u80a1\u5c06\u9000\u5e02\uff01\u5f71\u54cd\u4e00\u5468\u5e02\u573a\u7684\u5341\u5927\u6d88\u606f\"\/<\/span><\/div>\n

10\u3001\u672c\u5468\u8d85300\u4ebf\u5143\u5e02\u503c\u9650\u552e\u80a1\u89e3\u7981<\/font><\/p>\n

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\u4ece\u89e3\u7981\u5e02\u503c\u6765\u770b\uff0c\u5c45\u524d\u4e09\u4f4d\u7684\u662f\uff1a\u7f57\u535a\u7279\u79d1<\/a><\/span><\/span>\uff0852.65\u4ebf\u5143\uff09\u3001\u5317\u6c7d\u84dd\u8c37<\/a><\/span><\/span>\uff0843.68\u4ebf\u5143\uff09\u3001\u822a\u5929\u8f6f\u4ef6<\/a><\/span><\/span>\uff0840.95\u4ebf\u5143\uff09\u3002<\/p>\n

\u4ece\u89e3\u7981\u5360\u6bd4\u6765\u770b\uff0c\u5c45\u524d\u4e09\u4f4d\u7684\u662f\uff1a\u4e91\u91cc\u7269\u91cc<\/a><\/span><\/span>\uff0857.23%\uff09\u3001\u822a\u5929\u8f6f\u4ef6\uff0856.75%\uff09\u3001\u4e9a\u534e\u7535\u5b50<\/a><\/span><\/span>\uff0855.28%\uff09\u3002<\/p>\n

\"\u8bc1\u76d1\u4f1a\u7b498\u90e8\u95e8\u51fa\u624b\uff014\u53eaA\u80a1\u5c06\u9000\u5e02\uff01\u5f71\u54cd\u4e00\u5468\u5e02\u573a\u7684\u5341\u5927\u6d88\u606f\"\/<\/span><\/div>\n

\u8d23\u7f16\uff1a\u6768\u55bb\u7a0b<\/p>\n

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