股票实时价格由什么决定

中文版：

股票实时价格是由多种因素综合决定的。其中，供求关系是最基本的决定因素。当市场上对某只股票的需求超过供应时，股票价格上涨；反之，供应超过需求时，股价下跌。

此外，公司的基本面信息也是决定股票价格的重要因素。这包括公司的盈利能力、市场份额、竞争地位、管理层素质等。如果公司的基本面良好，市场对其未来发展充满信心，那么其股价往往会上涨。

市场情绪也是影响股票价格的重要因素。当市场整体情绪乐观时，投资者更愿意购买股票，从而推动股价上涨；而当市场情绪悲观时，投资者可能更倾向于卖出股票，导致股价下跌。

此外，宏观经济因素、政策法规、国际形势等也会对股票价格产生影响。例如，经济增长强劲、政策利好、国际关系稳定等因素通常有利于股市上涨，而经济衰退、政策收紧、国际冲突等则可能导致股市下跌。

总的来说，股票实时价格是众多因素共同作用的结果。投资者在进行股票交易时，需要综合考虑这些因素，以做出明智的投资决策。

英文版：

What Determines the Real-Time Price of Stocks?

The real-time price of stocks is determined by a combination of various factors. Among them, supply and demand is the most basic determinant. When demand for a particular stock exceeds supply in the market, the stock price rises; conversely, when supply exceeds demand, the price falls.

In addition, a company's fundamental information is also a crucial factor in determining stock prices. This includes the company's profitability, market share, competitive position, management quality, among others. If a company's fundamentals are strong, and the market has confidence in its future growth, its stock price tends to rise.

Market sentiment also plays a significant role in influencing stock prices. When the overall market mood is optimistic, investors are more willing to purchase stocks, pushing prices up. Conversely, when sentiment is pessimistic, investors may be more inclined to sell, leading to price declines.

Moreover, macroeconomic factors, policies and regulations, and international situations also impact stock prices. For instance, strong economic growth, favorable policies, and stable international relations typically favor stock market rallies, while economic recessions, tightened policies, and international conflicts may cause the market to decline.

Overall, the real-time price of stocks is the result of the combined influence of numerous factors. Investors need to consider these factors comprehensively when trading stocks to make informed investment decisions.