受人工智能相关不确定性影响，亚洲股市大幅下挫——安库尔·巴纳吉报道新加坡，10月13日——周二，亚洲股市大幅走低。投资者对人工智能相关股票的涨势能否持续以及行业竞争加剧心存担忧；与此同时，中东地区冲突持续升级，进一步抑制了市场风险偏好。这一切都发生在美国各大银行即将公布财报的关键时点。
Asian stocks dive on AI jitters ahead of US bank earnings By Ankur Banerjee SINGAPORE, Oct 13 - Asian stocks fell sharply on Tuesday as investors fretted about the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk sentiment ahead of the tone-setting US earnings season.
过去四年间，投资者一直紧跟人工智能热潮，大规模投资推动了企业盈利与经济增长。不过，市场对于行业集中度风险以及这些投资能否迅速产生回报的疑虑也始终存在。
Investors have ridden the AI wave in the past four years as the massive spending powered corporate profits and economic growth, although worries over concentration risks and whether a payoff from the expenditure will come soon enough have weighed.
周二，MSCI亚太地区除日本外的主要股指下跌2.4%，创下两个月来的新低。科技股占主导地位的韩国KOSPI指数跌幅达6%，导致程序化交易暂停了5分钟。日本日经指数下跌2.6%，中国台湾地区的股市也下跌了2%。
On Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan fell 2.4% to a two-month low. Tech-heavy South Korea's KOSPI sank 6%, triggering a 5-minute halt in program trading. Japan's Nikkei slid 2.6%, while Taiwan stocks fell 2%.
纳斯达克指数期货下跌0.77%，欧洲股指期货则下跌0.39%，反映出市场整体情绪低迷。
Nasdaq futures fell 0.77% while European futures were 0.39% lower, indicating a sombre mood in the market.
Capital.com的高级分析师凯尔·罗德达指出：“这一走势很大程度上源于昨晚华尔街芯片股的抛售潮，这种影响正波及整个亚洲地区。”
"A lot of it has to do with the chip selloff we saw on Wall Street overnight. That's bleeding into the Asian region," said Kyle Rodda, a senior analyst at Capital.com.
此前，由于有消息称中国竞争对手长鑫存储技术有限公司在技术方面取得快速进展，美国芯片制造商的股价纷纷下跌。这一进展令市场担忧中国企业有望缩小与美国企业的技术差距。
Overnight, shares of US chipmakers sank as reports of rapid tech progress by Chinese rival ChangXin Memory Technologies (CXMT) raised the prospect of Chinese firms closing the technology gap.
罗德达表示，问题的核心并非整个人工智能行业的前景，而是美中两国在该领域的差距可能缩小，以及行业竞争加剧后企业利润率与盈利能力所面临的压力。
Rodda said the issue was less about the broader AI trade than about a possible narrowing of the US-China gap, and the pressure on margins and profitability that could follow if competition in the sector intensifies.
他补充道：“实际上，这并非关乎整体市场规模，而是市场份额如何分配的问题。”
"Really, this isn't an issue about the size of the pie but how it's carved up," he said.
地缘政治推动油价走势 随着投资者权衡中东和俄乌局势的地缘政治发展，能源价格重新成为议程焦点，布伦特原油期货价格为每桶105.9美元，接近两周高点。[O/R] “市场正在重新认识到，当地缘政治因素反馈到通胀时，其影响最大，”新加坡瑞银首席投资策略师查鲁·恰纳纳表示。
GEOPOLITICS DRIVING OIL MARKETS Energy prices are back on the agenda as investors weigh the geopolitical developments in the Middle East and Russia-Ukraine, with Brent crude futures at $105.9 per barrel, near a two-week high.[O/R] "Markets are rediscovering that geopolitics matters most when it feeds back into inflation," said Charu Chanana, chief investment strategist at Saxo in Singapore.
“油价的反弹正在对收益率施加压力，并削弱昂贵成长股的光彩，尤其是在俄乌能源停火协议显得脆弱、中东供应风险仍然存在的情况下。” 谨慎的情绪有助于使美元维持在18个月高点附近。欧元兑美元汇率为1.1157，日元兑美元汇率为158.50。[FRX/] 业绩考验即将到来 投资者的注意力将集中在本周美国银行业绩报告上，以评估国债收益率近期飙升对交易、贷款增长以及整个行业融资成本的影响。
"The renewed jump in oil is keeping pressure on yields and taking some shine off expensive growth stocks, especially as the Russia-Ukraine energy truce looks fragile and Middle East supply risks remain live." The cautious sentiment helped keep the US dollar near an 18-month high. The euro last bought $1.1157, while the Japanese yen was at 158.50 per US dollar. [FRX/] EARNINGS TEST AWAITS Investors' attention will be on the slew of US bank earnings this week to get a gauge on the impact of the recent surge in Treasury yields on dealmaking, lending growth and funding costs across the industry.
美国六大银行中的四家——摩根大通、高盛、花旗银行和富国银行——将在当天晚些时候公布业绩。
Four of the six largest US lenders, JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo will report results later in the day.
美林金融首席市场策略师安东尼·萨格利姆贝内表示，投资者将关注银行业绩，以了解家庭是否仍在按时付款、借贷和消费方面保持健康水平。
Anthony Saglimbene, chief market strategist at Ameriprise Financial, said investors will be looking to bank results for insights on whether households are still paying their bills, borrowing, and spending at healthy levels.
“第三季度财报季开局时，股票接近历史高点，失望的空间甚微，”他表示。
"The Q3 earnings season starts with stocks near record highs and little room for disappointment," he said.
能源价格上涨带来的通胀压力与人们对政府债务激增的担忧交织在一起，近几周引发了多轮债券抛售，推动全球借贷成本升至数十年来的高点。
A toxic mix of inflationary pressure from elevated energy prices and worries about ballooning government debt has triggered several bouts of bond selloffs in recent weeks, pushing borrowing costs to multi-decade highs across the globe.
基准10年期国债收益率在亚洲交易时段下降4.8个基点至5.195%，远离上周触及的24年高点5.364%。
The benchmark 10-year yield was down 4.8 basis points at 5.195% in Asian hours, inching away from the 24-year high of 5.364% it hit last week.
本周晚些时候，焦点将聚焦于周三的美国通胀数据，因为交易员们正在解读经济数据，以寻找美联储政策走向的线索。
The spotlight later this week will be on the US inflation data on Wednesday as traders parse economic data for indications on the Federal Reserve's policy path.
CME FedWatch工具显示，交易员们目前预计美国央行本月晚些时候维持利率不变的概率为80.6%，较一个月前的51%有所上升。
Traders are pricing in an 80.6% chance of the US central bank standing pat later this month, up from 51% a month earlier, CME FedWatch tool showed.