东京讯 -- 日本股市周一大涨，基准日经225指数在盘中交易时段突破70,000点关口，为三个月来首次。
TOKYO -- Japanese stocks jumped on Monday, with the benchmark Nikkei Stock Average crossing the 70,000 threshold during intraday trading for the first time in three months.
科技股领涨，受益于人工智能（AI）题材的软银集团、Advantest和东京电子助推蓝筹股指数一度上涨逾1,700点，涨幅达2.6%。该指数收盘上涨2.4%，报69,946.86点。更广泛的东证股价指数（TOPIX）上涨逾1%。
Tech stocks led the way, with artificial intelligence beneficiaries SoftBank Group, Advantest and Tokyo Electron helping push the blue-chip gauge higher by more than 1,700 points, or 2.6%, at one point. The index closed up 2.4% at 69,946.86. The broader Tokyo Stock Price Index (Topix) gained more than 1%.
周一的飙升紧随周五美股强劲上涨，美股三大股指均收高。美国9月就业报告显示增速慢于预期，促使投资者减少了对美联储本月加息的押注。美债收益率回落，为成长型股票（包括AI相关股票）提供了支撑。
Monday's surge followed strong gains in the U.S. on Friday, where all three major stock indexes ended higher. The September U.S. jobs report showed slower-than-expected growth, prompting investors to pare back bets on a Federal Reserve interest rate hike this month. Treasury yields eased, providing support for growth-oriented stocks, including AI-related shares.
在过去五个交易日里，日经平均指数上涨了6%。AI股票领涨，特别是在上周美国芯片制造商美光科技发布积极盈利展望后。
In the past five trading days, the Nikkei average has risen 6%. AI stocks have led the way higher, especially after a positive earnings outlook announced by U.S. chipmaker Micron Technology last week.
在日经平均指数的225只成分股中，芯片制造商瑞萨电子和电子零部件制造商TDK涨幅最大，均收涨约8%。太阳诱电上涨4% -- 该公司与TDK上周宣布建立合作伙伴关系，共同开发用于AI应用的先进组件。
Among the Nikkei average's 225 constituents, chipmaker Renesas Electronics and electronics parts manufacturer TDK logged the biggest gains, both ending the day around 8% higher. Taiyo Yuden -- which, together with TDK, last week announced a partnership to develop advanced components for AI applications -- advanced 4%.
日本股市在6月中旬达到里程碑，当时日经平均指数首次收盘站上70,000点，当时年内涨幅超过40%。其快速上涨得益于AI热潮，以及对美伊和平协议达成的期望升温。该蓝筹指数随后于6月25日创下历史收盘新高72,366.34点。
Japanese shares hit a milestone in mid-June, when the Nikkei average closed above 70,000 for the first time, with its gains for the year reaching more than 40% at that point. Their rapid rise was fueled by the AI rally, as well as growing hopes for a U.S.-Iran peace deal. The blue-chip index went on to record an all-time closing high of 72,366.34 on June 25.
然而，随着AI热潮降温和中东冲突持续，该指数随后进入震荡期并失去动力。
However, the index later entered a period of volatility and lost momentum as the AI rally cooled and the conflict in the Middle East continued.
日经指数目前仍比其历史收盘高点低了2400多点；东证指数也距离8月中旬创下的4197.20点的历史收盘高点相差约50点。
The Nikkei average is more than 2,400 points off its record closing high, while the Topix is about 50 points shy of its all-time closing high of 4,197.20, reached in mid-August.
近期市场的上涨行情是在全球长期利率居高不下的背景下发生的。在日本，基准10年期国债收益率三十年来首次突破3%。
The recent rally is happening against the backdrop of elevated long-term interest rates around the world. In Japan, the benchmark 10-year government bond yield has risen past 3% for the first time in three decades.
不过，法国外贸银行投资管理公司全球市场策略主管马布鲁克·切图阿内指出，与其他发达市场不同，日本利率上升的主要驱动力是“投资者对经济增长前景的乐观预期”。
But unlike in other developed markets Japan's rising rates have been driven by "investors' positive assessment of growth prospects," according to Mabrouk Chetouane, head of global market strategy at Natixis Investment Managers.
他表示，部分源于高市早苗首相主导的“大规模刺激计划”，市场对“整体经济环境改善”的预期推动了国债收益率上升。“这项财政刺激措施不仅通过减税拉动需求，还借助一系列针对人工智能、能源及安全等战略领域的公私合作项目来促进供给侧发展。”
Expectations for "improvement in the overall economic environment," driven in part by the "large-scale stimulus plan" spearheaded by Prime Minister Sanae Takaichi, are behind the rise in yields, he said. "This fiscal stimulus not only supports demand through tax cuts but also works to bolster the supply side through a series of public-private partnerships focused on several sectors deemed strategic," such as AI, energy and security.
目前市场正密切关注美日两国央行的加息节奏。今年9月，美联储与日本央行均实施了加息举措以应对通胀上行风险。美联储将于10月27日至28日召开下一次货币政策会议，日本央行则定于10月29日至30日举行会议。
Markets are closely watching the pace of rate hikes by central banks in the U.S. and Japan. In September, both the Federal Reserve and the Bank of Japan raised rates to combat upside inflation risks. The Fed will hold its next monetary policy meeting on Oct. 27 and 28, followed by the BOJ's meeting on Oct. 29 to 30.
根据芝加哥商品交易所的联邦基金利率观察工具，目前市场预计美联储本月加息的概率约为18%；而托坦研究公司与托坦ICAP的数据显示，日本央行加息的概率则为13%。
According to the CME FedWatch Tool, Fed funds futures imply a roughly 18% chance of a Fed rate hike this month, while data from Totan Research and Totan ICAP put the probability of a BOJ hike at 13%.
马山裕介，NLI研究所高级研究员表示，随着日本股票缺乏吸引力的估值，“市场可能会继续对两国的货币政策及由此引发的利率变动保持敏感。”他补充道：“日经平均指数预计将继续受到人工智能和半导体相关股票走势的强烈影响。”油价也将成为投资者关注的焦点，因为美国和伊朗继续交替使用威胁和停火迹象。
Yusuke Maeyama, senior researcher at NLI Research Institute, said that with Japanese stocks offering little in the way of attractive valuations, "The market is likely to remain sensitive to monetary policy in both countries and resulting moves in interest rates." He added: "The Nikkei average is expected to remain heavily influenced by trends in AI- and semiconductor-related stocks." Oil prices will also be on investors' radar as the U.S. and Iran continue to alternate between threats and moves toward a ceasefire.
周一，布伦特和西德克萨斯中级（WTI）原油期货下跌，此前七国集团上周末同意释放柴油和原油库存，以帮助缓解不断上涨的燃料价格。
On Monday, Brent and West Texas Intermediate (WTI) futures were trading lower after the Group of Seven nations agreed late last week to release diesel and crude inventories to help ease rising fuel prices.
尽管如此，马山裕介认为公司盈利将为日本股市提供支撑。“只要盈利环境没有急剧恶化，持续的利润增长应该会为股价提供支撑，”他说道。“如果强劲的业绩和对公司预测的上调继续在10月中旬的财报季展开，股票可能会建立更高的支撑位，并可能进一步上涨。”在亚洲其他地区，台湾台股暴涨逾2%，创下新的历史最高点。韩国市场因国定假日休市。
Still, Maeyama sees corporate earnings providing support for Japanese equities. "As long as the earnings environment does not deteriorate sharply, continued profit growth should provide support for share prices," he said. "If strong earnings and upward revisions to corporate forecasts continue as earnings season gets underway in mid-October, stocks could establish a higher floor and potentially rise further." Elsewhere in Asia, Taiwan's Taiex soared over 2% to mark a fresh record high. South Korea's market was closed due to a national holiday.