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納斯達克展現韌性:科技股強勢抵消大市疲弱

Published: 9 September 2026,08:48

Published: 9 September 2026,08:48

Daily Market Analysis New

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重點摘要

*AI及半導體板塊持續強勢,支持納斯達克表現,即使道瓊斯及標普500指數面臨較明顯的下行壓力。

*市場聚焦週五公布的美國CPI。若通脹高於預期,可能推高美債收益率及聯儲局加息預期,對科技及成長股構成壓力。

*油價上漲及中東局勢升溫進一步增加通脹風險,可能考驗納斯達克近期的相對強勢。

市場概況:

納斯達克綜合指數近期展現出較強韌性,與整體美股走勢出現一定程度的分化。道瓊斯指數一度下跌超過1%,標普500指數亦走低,但科技股為主的納斯達克跌幅相對有限,主要受到 人工智能及半導體相關股份 支持,使指數仍維持在30,000點心理關口附近。

目前市場最大焦點轉向 週五公布的美國CPI數據,這可能成為影響下週聯儲局利率決策預期的重要數據。若通脹高於預期,市場可能進一步提高加息預期,推升美債收益率,並對估值較高、對利率敏感的科技及成長股構成壓力。

與此同時,中東地緣政治局勢升溫推動原油價格上漲,進一步增加能源通脹風險。油價及美債收益率同步走高,對整體股票市場形成較不利的環境。

短期而言,納斯達克能否延續相對強勢,將取決於 AI及科技股動能能否抵消宏觀壓力。若CPI低於預期,可能降低加息預期並支持科技股進一步反彈;相反,若通脹持續偏高或中東局勢進一步惡化,納斯達克可能面臨更明顯的回調壓力。

技術分析

Nasdaq,H4

納斯達克目前在 29,670.00阻力位 下方橫盤整理,近期多次測試該水平但未能有效突破,顯示此區域仍存在較強賣壓。

若指數成功突破並企穩於 29,670.00 上方,將形成較明確的看漲訊號,並可能進一步挑戰 30,000點心理關口,強化短期多頭結構。

相反,若納斯達克再次受阻於29,670.00,指數可能展開另一輪技術性回調,並重新測試 29,000附近的支撐區域

若進一步跌破29,000,則可能意味著調整幅度擴大,並增加短期看跌風險。不過,只要指數仍能守住此區域,當前下跌仍可視為技術性回調,而非更大級別的趨勢反轉。

阻力位: 29,670.00、30,186.00
支撐位: 29,085.00、28,480.00

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