[{"data":1,"prerenderedAt":181},["ShallowReactive",2],{"story-11583-cn":3},{"id":4,"slug":5,"slugs":5,"currentSlug":5,"title":6,"subtitle":7,"coverImagesSmall":8,"coverImages":9,"content":31,"questions":32,"relatedArticles":42,"body_color":179,"card_color":180},"11583",null,"全球市场变革：国际投资崛起，超越美国主导地位","新兴市场重塑跨境卖家的全球金融策略",[],[10,11,11,12,13,14,15,11,16,17,10,18,10,19,20,21,22,23,24,20,25,26,27,28,20,10,14,11,29,30],"https://images.barrons.com/im-93671994?width=700&height=445","https://images.wsj.net/im-34062673/social","https://newsfile.futunn.com/news-thumbnail/20251228/public/17669084975015693997498-17669084975018838349331.jpeg","https://storage.googleapis.com/web-content.oanda.com/images/GettyImages-1147331105.original.jpg","https://images.barrons.com/im-46251099","https://pubimg.futunn.com/20220512034321325067afc8307.jpg","https://th.bing.com/th?id=ORMS.20639a66534aacf7fb3df92d1df6802c&pid=Wdp","https://i.guim.co.uk/img/media/f9fbd07b8bc512c9085c79893442fb15f89c9f84/444_0_5000_4000/master/5000.jpg?width=465&dpr=1&s=none&crop=none","https://i.guim.co.uk/img/media/5944d573eb55398875c2d90f478b668af38390fd/25_0_4461_3571/master/4461.jpg?width=465&dpr=1&s=none&crop=none","https://images.axios.com/E8H1TlIIBq-s7r4LxGBalcBJ__E=/fit-in/1366x1366/2025/12/29/1767033571578.png","https://images.mktw.net/im-33027044?width=620&height=488","https://cphoto.asiae.co.kr/listimglink/1/2025123004440573029_1767037444.jpg","https://koreajoongangdaily.joins.com/data/photo/2025/12/30/561930cf-b6f7-414c-9552-8238b3ce2444.jpg","https://www.firstonline.info/wp-content/uploads/2024/07/Borse-e-sostenibilita-480x270.jpeg","https://img1-azrcdn.newser.com/image/1655532-11-20251230075114-world-markets-outrun-wall-street-decent-margin.jpeg","https://images.barrons.com/im-783602/social","https://images.mktw.net/im-03472056","https://d1qq9lwf5ow8iz.cloudfront.net/live-images-1/ImageDetail_cf7f7bc8-872d-4175-bf0a-a89aaa67bdb4_Large","https://eq-cdn.equiti-me.com/website/images/European_banks_powered_a_record_y.2e16d0ba.fill-1600x900.jpg","https://i.guim.co.uk/img/media/cc38fd36f6b50c56788548c9a2e4c796855e91df/73_0_3246_2598/master/3246.jpg?width=465&dpr=1&s=none&crop=none","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iMsnkzAA8TFI/v0/1200x800.jpg","全球金融格局正在经历深刻的重组，这预示着跨境企业和投资者面临关键时刻。2025年，国际市场已果断地摆脱了以美国为中心的传统投资模式，展现出一个复杂的新经济生态系统，拥有多个增长和机遇中心。\n\n**国际股市**表现惊艳，摩根士丹利全球除美国指数上涨了29%，这是自2009年以来最好的表现。这不仅仅是数字上的增长；它还是全球投资策略的根本重塑。韩国的韩国综合股价指数（KOPSI）以76%的惊人涨幅领涨，而从希腊到印度尼西亚的市场也展现出非凡的韧性和潜力。\n\n**战略意义**对跨境卖家尤其重要。**欧洲银行业**65%的上涨——这是自1997年以来最大的涨幅——表明在传统美国市场之外，正在出现强大的金融基础设施。这种趋势由多种因素驱动：银行强劲的盈利能力、战略财务管理以及预期国防开支的增加。对于企业来说，这意味着可能更容易获得融资、扩大贷款能力以及新的市场准入机会。\n\n远离美国股市的转变不仅仅是暂时的波动，而是一场结构性变革。投资者对**美国市场的集中度**越来越谨慎，'科技七巨头'股票占标准普尔500指数的三分之一以上。这种集中引发了对估值风险和市场可持续性的担忧。相比之下，新兴市场，尤其是在亚洲，正在呈现更多元化且可能更稳定的投资前景。\n\n对于跨境电商卖家来说，这些发展需要战略性地重新调整。新兴市场的叙事不再是关于边缘机会，而是关于核心战略定位。公司现在必须将国际扩张视为一项关键的生存策略，而不是一种选择。这意味着发展灵活的物流、了解不同的市场生态系统，并准备好快速适应新的金融和监管环境。",[33,36,39],{"title":34,"answer":35,"author":5,"avatar":5,"time":5},"跨境电商卖家有哪些机遇？","国际市场的强劲表现，尤其是在银行业和新兴科技生态系统领域，为市场扩张、更易获得的融资和多元化的投资策略创造了机会。 卖家应侧重于了解当地市场动态，尤其是在亚洲和新兴欧洲市场等高增长地区。",{"title":37,"answer":38,"author":5,"avatar":5,"time":5},"为什么国际市场表现优于美国股市？","多种因素共同作用，包括对美国市场集中的担忧、高科技股估值，以及韩国和亚洲经济体等新兴市场的强劲增长。MSCI全球除美国指数上涨29%，而标普500指数上涨17%，这反映了投资者对全球多元化战略日益增长的信心。",{"title":40,"answer":41,"author":5,"avatar":5,"time":5},"企业应该如何适应这些全球市场变化？","企业必须制定灵活的、面向国际的战略，包括多元化的市场布局、了解当地金融基础设施，并随时准备好快速切换到不同的区域机会。这意味着要投资于当地市场情报、建立适应性强的供应链，并保持财务灵活性。",[43,48,52,57,60,65,70,74,77,81,85,90,93,96,100,104,108,112,115,119,123,126,130,134,137,141,146,150,154,157,160,164,168,172,175],{"id":44,"title":45,"source":46,"logo":25,"time":47},177186,"International Stocks Crushed the S&P 500. These Indexes Had Their Best Year in More Than a Decade.","https://www.barrons.com/livecoverage/stock-market-news-today-123025/card/international-stocks-crushed-the-s-p-500-these-indexes-had-their-best-year-in-more-than-a-decade--5YxzbOIFE5p3BzWgYGYK?modCode=hp_LEDE_C_LC_1&gaa_at=eafs&gaa_n=AWEtsqeOUHGl8QxoLS8hkWyeDe3xS_J7JRyiGDmwFOu984meZEw7E6_U0Df4&gaa_ts=6953fe2f&gaa_sig=uFn-I-ZkKVPzRWW2sOfoVew1YLqHy0Fy-yBnHafDx8PZniO1oeBHhuhtDDkReOmzDOrg95Ihh6dxXp_Zfv6E7g%3D%3D","2天前",{"id":49,"title":50,"source":51,"logo":30,"time":47},177187,"European Bank Stocks Had an Ace Year But Novo and Puma Lost Out","https://www.bloomberg.com/news/articles/2025-12-30/european-bank-stocks-had-an-ace-year-but-novo-and-puma-lost-out",{"id":53,"title":54,"source":55,"logo":5,"time":56},177160,"World Stocks Poised to End Year Way Ahead of the S&P 500 -- WSJ","https://news.futunn.com/en/post/66567958/world-stocks-poised-to-end-year-way-ahead-of-the","9天前",{"id":58,"title":45,"source":59,"logo":14,"time":47},178509,"https://www.barrons.com/livecoverage/stock-market-news-today-123025/card/international-stocks-crushed-the-s-p-500-these-indexes-had-their-best-year-in-more-than-a-decade--5YxzbOIFE5p3BzWgYGYK?gaa_at=eafs&gaa_n=AWEtsqflFpJAK_CIUdSNnWaXIRo4IPT55MdUxRhRaOPh0F86oXBbo5vjb6f7&gaa_ts=69543405&gaa_sig=Dxx-ryzEixFIItubdkxnnNSGCtannYee1XGdO4qIwsLS9EdHmyUHIfTFozaFnGMY-pYyCSHYHQJxk62hiORq2g%3D%3D",{"id":61,"title":62,"source":63,"logo":13,"time":64},175752,"2026 Stock Indices Outlook: Dow Jones, Nikkei 225, Hang Seng poised to outperform","https://www.marketpulse.com/markets/2026-stock-indices-outlook-dow-jones-nikkei-225-hang-seng-poised-to-outperform/","6天前",{"id":66,"title":67,"source":68,"logo":23,"time":69},175751,"Stock Markets 2025: A Bull Year: Seoul reigns supreme, Madrid tops Europe, Milan second, Fincantieri tops the class, and banks break records.","https://www.firstonline.info/en/borse-2025-un-anno-da-toro-seul-regina-madrid-la-migliore-deuropa-milano-seconda-con-fincantieri-prima-della-classe-e-banche-da-record/","5天前",{"id":71,"title":72,"source":73,"logo":11,"time":56},175754,"World Stocks Poised to End Year Way Ahead of the S&P 500","https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-12-23-2025/card/world-stocks-poised-to-end-year-way-ahead-of-the-s-p-500-ewnhNZMtIyOc7pf6VzP9?gaa_at=eafs&gaa_n=AWEtsqf6-ZbvPO2didMWOapIBZPgId8BYThrB02yusp9eryBhLMv1b-g8au9&gaa_ts=6953c56d&gaa_sig=5k7nGqKPsMhuGMJ-yNgpH49lpWKe4Y9oiMh8AfZAaZXLaoOerwYvhrlG-mKhNuGyj-L1E4rHxFhbzVrQKiAv1Q%3D%3D",{"id":75,"title":72,"source":76,"logo":11,"time":56},177159,"https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-12-23-2025/card/world-stocks-poised-to-end-year-way-ahead-of-the-s-p-500-ewnhNZMtIyOc7pf6VzP9?gaa_at=eafs&gaa_n=AWEtsqcoWnd-2tTmYkoImUqeodL0wHPXM-0kHc32uDupp1zsXfGMjRgj2NEt&gaa_ts=6953fe2f&gaa_sig=Xq28CNpwBjeqDe-p2UTCqe-QOgf1ImhY1NGSocN2N4vBkDJTT0fiLNykgNRQFzPvGxUl5AjUNlsa_vHGIG5xQA%3D%3D",{"id":78,"title":79,"source":80,"logo":26,"time":56},175753,"International stocks are outperforming their U.S. counterparts by the widest margin since 2009","https://www.marketwatch.com/livecoverage/stock-market-today-dow-sp500-nasdaq-stall-just-shy-of-peaks-gold-record-gdp-data/card/international-stocks-are-outperforming-their-u-s-counterparts-by-the-widest-margin-since-2009-KnGMRxuc18yEh2nOkKeV?gaa_at=eafs&gaa_n=AWEtsqefV3zB9eFEUm9uwO-oDn84zG12WKhL3sighqmMHOl4TuxgfnX72TmL&gaa_ts=6953c56d&gaa_sig=Im7r2ekLHVuUFj-hUdsG14_qc7udYi0ssKy0_0mqEMwy5DbFnKYJhKWlGB8X5PT1rgkFl14ATQqp_Uv3NehR6w%3D%3D",{"id":82,"title":83,"source":84,"logo":24,"time":47},177157,"World Markets Have Outrun Wall Street by a Decent Margin","https://www.newser.com/story/381152/world-markets-have-outrun-wall-street-by-a-decent-margin.html",{"id":86,"title":87,"source":88,"logo":10,"time":89},177158,"Opportunities Are Knocking Outside the U.S. Too","https://www.barrons.com/articles/wp-bar-0001545928?gaa_at=eafs&gaa_n=AWEtsqcOo6yVev9pUPrhmTAUYfQFqPe4YRA96HEsL3SpegEUAhLPVe2H9fRD&gaa_ts=6953fe2f&gaa_sig=BmRn7GI2GBrZ0CDLJOO0LFInoQ1bsbmC_k3otEoP62a8_dW40VWr5_5nk1RLGpg95NulgcTA5FmOq2pctmrn3A%3D%3D","3天前",{"id":91,"title":72,"source":92,"logo":11,"time":56},179830,"https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-12-23-2025/card/world-stocks-poised-to-end-year-way-ahead-of-the-s-p-500-ewnhNZMtIyOc7pf6VzP9?gaa_at=eafs&gaa_n=AWEtsqd5SoVxpJKiIuoTdCYeCpg30uxxQtucF6DDonGOT9zlfHOm1POIvrVQ&gaa_ts=69546ec2&gaa_sig=AQ8jRfHzVTbqL_Fr-ZfO98jpivJUu0VSf9aAUP03yJ-IcG7xMPnR7VXU44FsqRcr5rm1aGNcM-Hezc5wYhjicw%3D%3D",{"id":94,"title":87,"source":95,"logo":10,"time":89},175750,"https://www.barrons.com/articles/wp-bar-0001545928?gaa_at=eafs&gaa_n=AWEtsqegAhOqHaxYgDL2auHTdL70kIFIPG7uV4YaSm_kc6ULMkJeemMzi-dm&gaa_ts=6953c56d&gaa_sig=E-C0-PZlM4lZz8fd8lHvDYyv-z4lAlqECdcypflFzCy8T6HREmykgvpndxuLzuPwyRDI-g3zAWnPm5yCVinjeA%3D%3D",{"id":97,"title":98,"source":99,"logo":28,"time":47},177155,"European banks powered a record year for stocks, while Novo and Puma lagged","https://www.equiti.com/sc-en/news/breaking-data/european-banks-powered-a-record-year-for-stocks-while-novo-and-puma-lagged/",{"id":101,"title":102,"source":103,"logo":20,"time":47},177156,"A handful of global stock indexes are having their best year in over a decade","https://www.marketwatch.com/livecoverage/stock-market-today-dow-sp500-nasdaq-dip-silver-gold-rally/card/a-handful-of-global-stock-indexes-are-having-their-best-year-in-over-a-decade-9gnnih7yBVobF6uiwESQ?gaa_at=eafs&gaa_n=AWEtsqfWkNbDW70xbPEs_V9W5ylnOy6yNXONVrIem_tmdcjl4hvR4ZruWlD4&gaa_ts=6953fe2f&gaa_sig=dkdYAKI9JfGwJLmM51lHq_FWgwUT_z9YDAzc-V2KCo7d7WJP5xyUFSwJAfvLs6F8haiTdxYur_c2k4nNiKvgtA%3D%3D",{"id":105,"title":106,"source":107,"logo":15,"time":89},175749,"Acceleration of 'De-Americanization' in Global Stock Markets in 2025: S&P 500 Rises 17%, Lagging Behind Global Markets by the Largest Margin Since 2009","https://news.futunn.com/en/post/66745591/acceleration-of-de-americanization-in-global-stock-markets-in-2025",{"id":109,"title":110,"source":111,"logo":21,"time":89},175748,"U.S. Stocks Up 18% This Year, But Global Markets Surge 29%","https://cm.asiae.co.kr/en/article/2025123004481758543",{"id":113,"title":87,"source":114,"logo":10,"time":89},179829,"https://www.barrons.com/articles/wp-bar-0001545928?gaa_at=eafs&gaa_n=AWEtsqfSaFr-tmfUibODAVG46T_TbYOin0BGlVxHozGh4FC8msoVMr4C8D6e&gaa_ts=69546ec2&gaa_sig=BubtaDmfimW95oLzhFh80cBF3nPskKbxp5jndO7TQXj9Ak3pbg32JXq4i6noFtsnCl-hHF1BJFm-hq4_OpoySw%3D%3D",{"id":116,"title":117,"source":118,"logo":18,"time":47},175745,"Global stock markets head for best year since 2019; Octopus Energy to spin out $8.65bn Kraken – business live","https://www.theguardian.com/business/live/2025/dec/30/global-stock-markets-best-year-since-2019-us-dollar-trade-war-octopus-energy-ftse-pound-business-live-news-updates?filterKeyEvents=false&page=with%3Ablock-695380b08f0883df52b5a78a",{"id":120,"title":121,"source":122,"logo":19,"time":47},175965,"Why American stocks are out of favor on the global stage","https://www.axios.com/2025/12/30/stocks-world-trump-jpmorgan",{"id":124,"title":102,"source":125,"logo":20,"time":47},179828,"https://www.marketwatch.com/livecoverage/stock-market-today-dow-sp500-nasdaq-dip-silver-gold-rally/card/a-handful-of-global-stock-indexes-are-having-their-best-year-in-over-a-decade-9gnnih7yBVobF6uiwESQ?gaa_at=eafs&gaa_n=AWEtsqfTgv2h6lnyWqBVl_7_MyJtIZKYAjMw5M6P8k76EHSwfMaKvuJ4nJJ9&gaa_ts=69546ec2&gaa_sig=60FVPzZGDnYbABh0ceQL0DXfIRsfvXN4kwSeCOScjqCJRjaiJ_FUNEnvnv5zk3Imb_UwvKbcj3h2Dc2DjkYSqw%3D%3D",{"id":127,"title":128,"source":129,"logo":22,"time":47},175744,"Kospi outperforms all other major global indexes in 2025, as non-U.S. markets overshadow S&P","https://koreajoongangdaily.joins.com/news/2025-12-30/business/economy/Kospi-outperforms-all-other-major-global-indexes-in-2025-as-nonUS-markets-overshadow-SP/2489467",{"id":131,"title":132,"source":133,"logo":29,"time":47},175964,"Global stock markets head for best year since 2019 as European stocks hit record high – business live","https://www.theguardian.com/business/live/2025/dec/30/global-stock-markets-best-year-since-2019-us-dollar-trade-war-octopus-energy-ftse-pound-business-live-news-updates",{"id":135,"title":45,"source":136,"logo":14,"time":47},179827,"https://www.barrons.com/livecoverage/stock-market-news-today-123025/card/international-stocks-crushed-the-s-p-500-these-indexes-had-their-best-year-in-more-than-a-decade--5YxzbOIFE5p3BzWgYGYK?gaa_at=eafs&gaa_n=AWEtsqcMQMFzTGYku_FHY5ZatG3ziiqZyusaQ5VOM3rfzmObEp2ZTvk9s2b9&gaa_ts=69546ec2&gaa_sig=uryudO5wfLlRM0eoDoAMo2X1qy7BbA-v2DCvF79D4PQNdk8pcgcmJjJvSPuHEnLXMX2sXtt0eMis3CLHprcLBQ%3D%3D",{"id":138,"title":139,"source":140,"logo":5,"time":47},175747,"S&P 500 up 17.4% this year as global indexes outpace","https://tradersunion.com/news/market-voices/show/1172484-sp-500-yearly-gain/",{"id":142,"title":143,"source":144,"logo":12,"time":145},178516,"Will the U.S. market continue to lead globally in 2025, and will this situation persist?","https://news.futunn.com/en/post/66697345/will-the-us-market-continue-to-lead-globally-in-2025","4天前",{"id":147,"title":148,"source":149,"logo":27,"time":47},175746,"Tuesday papers: US stocks lag global markets in 2025 as investors diversify","https://citywire.com/new-model-adviser/news/tuesday-papers-us-stocks-lag-global-markets-in-2025-as-investors-diversify/a2481091",{"id":151,"title":152,"source":153,"logo":5,"time":89},175966,"S&P 500 Set to Underperform Global Peers by Most Since 2009","https://www.tipranks.com/news/sp-500-set-to-underperform-global-peers-by-most-since-2009",{"id":155,"title":72,"source":156,"logo":11,"time":56},178517,"https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-12-23-2025/card/world-stocks-poised-to-end-year-way-ahead-of-the-s-p-500-ewnhNZMtIyOc7pf6VzP9?gaa_at=eafs&gaa_n=AWEtsqeHUIKn4gdOFw89VesRoktSNIWpI7TWg2dkm1bypL3fUKCU5P_M1e_P&gaa_ts=69543405&gaa_sig=fl_0uFtg_zgH_TloCL1m_GbjhSqLARrkMhv6SKQF5PULUZMBhhbxKAd2HSVh7mRbbOYeWrfUk5RbY3xd2FU5Tw%3D%3D",{"id":158,"title":87,"source":159,"logo":10,"time":89},178514,"https://www.barrons.com/articles/wp-bar-0001545928?gaa_at=eafs&gaa_n=AWEtsqfR7O1E0KJ_f-KSjqGE2wLshxkNo9am9VMCtEsaZR8f6LsPnVf3Rkul&gaa_ts=69543405&gaa_sig=2W13wCRoD4Lj1myI59e3vJnqBK9t-_2Qg0hwQl8apn-gzwZ5ENPsNiDzEWRA0Arp0bvbSOmgjrez9dPjNboelQ%3D%3D",{"id":161,"title":162,"source":163,"logo":5,"time":145},178515,"Opinion: The ugly, expensive, death of American Exceptionalism","https://www.digitaljournal.com/world/opinion-the-ugly-stupid-expensive-death-of-american-exceptionalism-and-the-dumb-kids-that-never-grew-up/article",{"id":165,"title":166,"source":167,"logo":16,"time":47},178512,"Global markets outperform the US in 2025","https://www.msn.com/en-us/money/topstocks/global-markets-outperform-the-us-in-2025/vi-AA1TiSkI?ocid=finance-verthp-feeds",{"id":169,"title":170,"source":171,"logo":5,"time":47},178513,"European Banks Drive Stoxx 600 to Record Year, Outpacing US Markets","https://finance.yahoo.com/news/european-banks-drive-stoxx-600-164524483.html",{"id":173,"title":102,"source":174,"logo":20,"time":47},178510,"https://www.marketwatch.com/livecoverage/stock-market-today-dow-sp500-nasdaq-dip-silver-gold-rally/card/a-handful-of-global-stock-indexes-are-having-their-best-year-in-over-a-decade-9gnnih7yBVobF6uiwESQ?gaa_at=eafs&gaa_n=AWEtsqfdawIWHiqN9LUcOF_Cr_2Mx9YvnDEWP11SEZBTemr0Wjjg55SMJZsF&gaa_ts=69543405&gaa_sig=dlNS-ktKulLwT4LkWg6PJosbteER_6GnjMYPlLOahnEV1QSC9YBUlZAgfIPyWMpYNz4nZU3c1SNWTYrSDGwNKg%3D%3D",{"id":176,"title":177,"source":178,"logo":17,"time":47},178511,"Eurostar disruption: Channel tunnel operator announces ‘gradual’ resumption to train traffic after power supply problem halts services – business 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