美國樂觀情緒和人工智慧飆升，全球市場第一季表現出色

2024年第一季全球股市大幅上漲，MSCI指數上漲7.7%，創五年來最強勁表現。圍繞美國經濟軟著陸和人工智慧崛起的樂觀情緒推動了股市上漲。值得注意的是，標準普爾 500 指數和道瓊斯指數分別創下五年來和兩年來最好的第一季表現。

Global Stock Markets Register Impressive Q1 Performance

全球股市第一季表現亮眼

Global stock markets concluded the first quarter of 2024 with exceptional gains, driven by optimism about the US economy and the burgeoning field of artificial intelligence. The MSCI index of world shares surged by 7.7%, marking its best quarterly performance in five years.

在對美國經濟和新興人工智慧領域的樂觀情緒推動下，全球股市在 2024 年第一季取得了異常上漲。 MSCI 全球股票指數飆漲 7.7%，創下五年來最好的季度表現。

US Equities Surge

美國股市飆漲

The US stock market played a significant role in the global rally. The S&P 500 Index posted its best first-quarter performance in five years, climbing by 10.2%, while the Dow Jones Industrial Average experienced its strongest first-quarter gain since 2021, advancing by 5.6%. The Nasdaq Composite Index joined the rally with a 9.1% increase.

美國股市在全球股市上漲中扮演了重要角色。標普 500 指數錄得五年來最佳第一季表現，上漲 10.2%，而道瓊工業指數則錄得自 2021 年以來最強勁的第一季漲幅，上漲 5.6%。那斯達克指數也上漲了 9.1%。

Bitcoin and Related Stocks Heat Up

比特幣及相關股票升溫

Bitcoin, the world's largest cryptocurrency, and related stocks soared throughout the first quarter on the back of growing optimism. Energy stocks led the gains in March.

在樂觀情緒不斷增強的背景下，全球最大的加密貨幣比特幣及相關股票在第一季飆升。能源股領漲 3 月。

Gold Regains Luster

黃金重拾光彩

Gold prices rebounded during the quarter amid expectations of future interest rate cuts in the US. Silver and other precious metals also exhibited gains.

由於美國未來降息的預期，金價在本季反彈。白銀和其他貴金屬也出現上漲。

Cocoa Prices Surge

可可價格飆升

In the agricultural commodities sector, cocoa prices skyrocketed to $10,000 per ton, more than doubling from $3,000 per ton at the year's start. This surge was primarily driven by supply shortages resulting from poor harvests in West Africa.

在農產品領域，可可價格飆升至每噸 10,000 美元，比年初的每噸 3,000 美元上漲了一倍多。這一激增主要是由於西非收成不佳導致供應短缺。

Top-Performing ETFs

表現最佳的 ETF

Bitcoin: Grayscale Bitcoin Trust (GBTC)

比特幣：灰階比特幣信託（GBTC）

Grayscale Bitcoin Trust, the world's largest Bitcoin ETF, surged by 92.5% during the quarter. Investors sought exposure to Bitcoin through this security, avoiding the complexities of directly buying, storing, and safeguarding the cryptocurrency.

全球最大的比特幣 ETF 灰階比特幣信託 (Grayscale Bitcoin Trust) 本季飆升 92.5%。投資者透過這種證券尋求投資比特幣，避免了直接購買、儲存和保護加密貨幣的複雜性。

Cannabis: Roundhill Cannabis ETF (WEED)

大麻：Roundhill 大麻 ETF (WEED)

Roundhill Cannabis ETF rallied by 45.1%, reflecting the surge in cannabis stocks amid speculation of a potential reclassification of marijuana. The fund provides exposure to leading US cannabis companies.

Roundhill Cannabis ETF 上漲 45.1%，反映出大麻股票因對大麻可能重新分類的猜測而飆升。該基金提供對美國領先大麻公司的投資。

Semiconductors: VanEck Vectors Semiconductor ETF (SMH)

半導體：VanEck Vectors Semiconductor ETF (SMH)

The semiconductor sector's growth prospects, fueled by the rise of artificial intelligence applications, drove VanEck Vectors Semiconductor ETF to a 28.7% gain. The fund invests in companies engaged in semiconductor production and equipment.

在人工智慧應用興起的推動下，半導體產業的成長前景推動 VanEck Vectors Semiconductor ETF 上漲 28.7%。該基金投資於從事半導體生產和設備的公司。

Worst-Performing ETFs

表現最差的 ETF

Natural Gas: United States Natural Gas Fund (UNG)

天然氣：美國天然氣基金（UNG）

United States Natural Gas Fund plummeted by 28.2% as natural gas prices declined due to surplus stocks and record-high production levels. The fund provides direct exposure to natural gas prices through futures contracts.

由於庫存過剩和創紀錄的產量水準導致天然氣價格下跌，美國天然氣基金暴跌28.2%。該基金透過期貨合約直接投資天然氣價格。

Clean Energy: Invesco WilderHill Clean Energy ETF (PBW)

清潔能源：Invesco WilderHill 清潔能源 ETF (PBW)

Invesco WilderHill Clean Energy ETF dropped by 21.9%. The fund invests in companies involved in clean energy and conservation. The decline was attributed to a broader economic slowdown in China, impacting sales of electric vehicles.

Invesco WilderHill 清潔能源 ETF 下跌 21.9%。該基金投資於涉及清潔能源和節能的公司。這一下降歸因於中國更廣泛的經濟放緩，影響了電動車的銷售。

Lithium: Sprott Lithium Miners ETF (LITP)

鋰：Sprott 鋰礦 ETF (LITP)

Sprott Lithium Miners ETF, which provides exposure to lithium mining companies, fell by 20.7%. The decrease was prompted by a slowdown in lithium prices due to a broader economic slowdown in China.

提供鋰礦業公司曝險的 Sprott Lithium Miners ETF 下跌 20.7%。造成這一下降的原因是中國整體經濟放緩導致鋰價格放緩。