While we entered into 2012 with a constructive tone the magnitude intensity and the breadth of the EM asset rally naturally raises the question whether the market has rallied too far too fast Barclays Capital analysts said in a research note .

“虽然2012年开局大好，但新兴市场资产这波反弹的力度、强度和广度引发了以下问题： 市场是否反弹得过高、过快？”巴克莱资本（ barclayscapital）分析师在一篇研究报告中指出。

The anticipation of a change to supportive policies could change the tone of the market even sooner .

改革支持政策的预期，有可能更快地改变 市场 氛围。

The feeling or tone of a market .

市场的气氛与 基调。

But the tone was weaker in Asia where the focus for much of the session was on China 's volatile stock market .

但是亚洲 市场 基调疲软，很大原因是投资者很关注中国股市的不稳定性。