1. 前收ADR恆指比例指數
根據最新美國ADR折算，恆指比例指數約為23,601點，較港股前收市價略有高開，反映國際投資者對港股持中性偏穩態度1。

2. 前收HSI（恒生指數）
恒生指數於5月27日收報23,557.38點，全日上升約0.24%2。

3. 牛熊證街貨重貨區分佈

• 最新牛熊證街貨比例為66:34，牛證佔主導3。
• 熊證重貨區主要集中在24,000-24,099點（最新熊證數量623張），而23600-23699點區間熊證新增234張，顯示高位沽壓明顯3。
• 牛證重貨區則在22,900-22,999點（最新牛證數量1,012張），而22,600-22,699點區間牛證新增640張，低位有較強支持3。

4. 黑期現價（恒指夜期）
恒生指數夜期（5月）最新報23,304點，較現貨低水78點，成交量221張，未平倉合約約82,313張5。

5. 特朗普關稅對香港財經最新影響
美國前總統特朗普近期再次強調，若重新執政，將對中國商品加徵更高關稅，並有意將香港與中國大陸政策綑綁。這令市場對中港出口及跨國企業前景產生擔憂，增加資金避險需求，拖累港股及相關產業估值。部分專家認為，香港作為國際金融中心的吸引力或受損，資金流向及本地經濟信心短線受壓6。

---

小結

• ADR指數反映港股短線平穩，或有輕微高開。
• 恒指前收報23,557點，技術上處於整固區間。
• 牛熊證重貨區顯示24,000點以上有較大阻力，22,900點附近有支持。
• 夜期現價低水，短線觀望氣氛濃厚。
• 特朗普關稅言論令市場避險情緒升溫，短期港股或受壓。

以上資訊僅供參考，請留意盤中最新消息及風險。

Citations:

1. https://www.sl886.com/adr
2. https://hk.investing.com/indices/hang-sen-40-historical-data
3. https://hk.investing.com/news/stock-market-news/article-944573
4. https://hk.investing.com/indices/hong-kong-40-futures-historical-data
5. https://finance.sina.com.cn/stock/hkstock/hkstocknews/2025-05-27/doc-inexzaix6854621.shtml
6. https://www.bbc.com/zhongwen/articles/c99p11jlello/trad
7. https://www.hk01.com/%E5%8D%B3%E6%99%82%E5%9C%8B%E9%9A%9B/60225983/%E7%89%B9%E6%9C%97%E6%99%AE%E5%AE%A3%E5%B8%83%E4%B8%80%E7%B3%BB%E5%88%97-%E5%B0%8D%E7%AD%89%E9%97%9C%E7%A8%85-%E5%B0%8D%E4%B8%AD%E5%9C%8B%E7%B8%BD%E9%97%9C%E7%A8%85%E7%8E%87%E5%8A%A0%E8%87%B354
8. http://www.aastocks.com/tc/usq/quote/adr.aspx
9. https://hk.investing.com/indices/hang-sen-40
10. https://www.bocifp.com/tc/cbbc/cbbc-hsi-os
11. https://zh.wikipedia.org/zh-hant/%E7%89%B9%E6%9C%97%E6%99%AE%E7%AC%AC%E4%BA%8C%E5%B1%8A%E4%BB%BB%E6%9C%9F%E5%85%B3%E7%A8%8E
12. https://finance.mingpao.com/fin/instantf/20250527/1748309280129/%E6%81%92%E6%8C%87%E4%BD%8E%E9%96%8B65%E9%BB%9E-%E7%A7%91%E6%8C%87%E8%B7%8C0-5-%E8%B7%8C%E7%A9%BF100%E5%A4%A9%E7%B7%9A-%E6%B4%BE%E6%A0%BC%E4%B8%8A%E5%B8%82%E8%B7%8C16-%E5%90%89%E5%AE%8F%E5%8D%8743-%E7%BE%8E%E5%9C%98%E8%B7%8C4
13. https://finance.sina.com.cn/stock/bxjj/2025-05-27/doc-inexyvzy0193894.shtml
14. https://www.bbc.com/zhongwen/articles/cly5zw4kv2wo/trad
15. https://hk.finance.yahoo.com/news/%E7%91%9E%E9%8A%80-%E6%8B%86%E6%81%AF%E8%B7%8C%E5%8A%A9%E9%AB%98%E6%81%AF%E8%82%A1%E5%90%B8%E8%B3%87-%E7%B6%AD%E6%8C%81%E6%81%92%E6%8C%87%E4%BB%8A%E5%B9%B424500%E9%BB%9E%E9%A0%90%E6%B8%AC-184100323.html
16. https://www.moomoo.com/hant/stock/.HSIADR-US
17. https://www.futunn.com/hk/stock/.HSIADR-US
18. https://www.adr168.com
19. https://hk.finance.yahoo.com/quote/%5EHSI/history/
20. https://stock360.hkej.com/indices/futures
21. https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=393&sc_lang=zh-HK
22. https://hk.warrants.com/tc/cbbc/outstanding-distribution
23. https://finance.sina.com.cn/stock/hkstock/hkstocknews/2025-05-27/doc-inexxywm7239410.shtml
24. https://www.jpmhkwarrants.com/zh_hk/cbbc/cbbc-outstanding/
25. https://www.jpmhkwarrants.com/zh_cn/cbbc/cbbc-outstanding
26. https://www.gswarrants.com.hk/tc/market/hsi-cbbc-outstanding-distribution
27. https://hk.investing.com/indices/hong-kong-40-futures-technical
28. https://www.hkex.com.hk/Market-Data/Futures-and-Options-Prices/Equity-Index/Hang-Seng-Index-Futures-and-Options?sc_lang=zh-HK
29. https://www.ig.com/cn/indices/markets-indices/hong-kong-hs42
30. https://hk.finance.yahoo.com/news/%E7%BE%8E%E8%82%A1%E6%97%A5%E8%AA%8C%EF%BD%9C%E6%AD%90%E7%9B%9F%E9%A1%8D%E5%A4%96%E9%97%9C%E7%A8%85%E5%BB%B6%E5%BE%8C-%E9%81%93%E6%8C%87%E6%8F%9A740%E9%BB%9E-205040716.html
31. https://hk.finance.yahoo.com/news/%E7%BE%8E5%E6%9C%88%E6%B6%88%E8%B2%BB%E8%80%85%E4%BF%A1%E5%BF%83%E5%89%B54%E5%B9%B4%E6%9C%80%E5%A4%A7%E5%8F%8D%E5%BD%88-%E5%B7%9D%E6%99%AE%E5%B0%B1%E8%81%B7%E4%BB%A5%E4%BE%86%E9%A6%96%E4%B8%8A%E5%8D%87-155922006.html
32. https://www.youtube.com/watch?v=7imBgv-s9cQ
33. https://hk.finance.yahoo.com/news/%E9%BB%98%E8%AA%8D%E7%B4%A1%E7%B9%94%E6%A5%AD%E6%88%90%E9%97%9C%E7%A8%85%E6%88%B0%E7%A5%AD%E5%93%81-%E5%B7%9D%E6%99%AE-%E7%BE%8E%E5%9C%8B%E6%83%B3%E8%A3%BD%E9%80%A0%E5%9D%A6%E5%85%8B%E8%80%8C%E9%9D%9Et%E6%81%A4-015056849.html
34. https://m.hkej.com/landing/mobarticle2/id/4094460/%E3%80%8C%E7%B6%93%E6%BF%9F%E7%9B%B2%E3%80%8D%E7%89%B9%E6%9C%97%E6%99%AE%E8%BF%B7%E6%88%80%E9%97%9C%E7%A8%85%E5%88%B6%E6%95%B5%EF%BC%88%E4%B8%8A%EF%BC%89
35. https://hk.finance.yahoo.com/news/%E5%B7%9D%E6%99%AE%E7%82%BA%E4%BD%95%E5%B0%8D%E6%AD%90%E7%9B%9F%E5%8B%95%E6%80%92-%E6%8F%AD%E9%9C%B250-%E9%97%9C%E7%A8%85%E8%83%8C%E5%BE%8C%E7%9A%84%E8%B2%BF%E6%98%93%E8%88%87%E6%94%BF%E6%B2%BB%E7%AE%97%E7%9B%A4-083002863.html
36. https://www.sl886.com/adr?sid=UIf7Ud
37. https://www.bnppwarrant.com/tc/fx-commodities/adr
38. https://finance.mingpao.com/fin/instantf/20250527/1748319082901/%E6%81%92%E6%8C%87%E5%8D%8A%E6%97%A5%E8%B7%8C41%E9%BB%9E-%E7%A7%91%E6%8C%87%E8%B7%8C0-58-%E5%8C%97%E6%B0%B4%E8%BD%89%E6%B5%81%E5%85%A5-%E7%BE%8E%E5%9C%98%E8%B7%8C0-08-%E6%B4%BE%E6%A0%BC%E7%94%9F%E7%89%A9%E8%B7%8C19-%E5%90%89%E5%AE%8F%E5%8D%8747
39. https://hk.warrants.com/tc/stock/chart/code/HSI
40. https://gu.qq.com/hkHSI
41. http://www.aastocks.com/tc/stocks/market/index/hk-index-con.aspx
42. https://www.etnet.com.hk/www/tc/stocks/indexes_detail.php?subtype=hsi
43. https://www.citiwarrants.com/tc/cbbc/cbbc-outstanding
44. https://warrants.ubs.com/tc/cbbc/index-cbbc-outstanding
45. https://www.alphaseek.cn/?p=631937
46. https://www.etnet.com.hk/www/tc/futures/index.php
47. http://www.aastocks.com/tc/stocks/market/bmpfutures.aspx
48. https://www.etnet.com.hk/www/tc/futures/index.php?subtype=HHI
49. https://money.udn.com/money/story/11112/8768787
50. https://hk.investing.com/indices/hong-kong-40-futures

---

來自 Perplexity 的回答: pplx.ai/share