AI相关股票的抛售正在加速，全球市场受到冲击，因对通胀上升和未来加息的担忧惊扰了已经对高负债行业持警惕态度的交易者。
An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector.
韩国基准Kospi 200指数因高度倾斜于生产内存芯片的公司而受重创，隔夜暴跌超过8%，跌至六个月收盘低点，触发熔断机制，导致交易在多个时段暂停。
South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing low, triggering circuit breakers that brought trading to a halt at various points.
其中一些半导体股票，如SK海力士和三星电子，分别暴跌近11%和9.5%。该指数收盘于六个月低点，下跌8.1%。
Some of those semiconductor stocks, such as SK Hynix and Samsung Electronics, plunged nearly 11% and 9.5% respectively. The index closed at a six-month low, down 8.1%.
与此同时，日本日经225指数在周四下跌4.9%，此前内存芯片制造商铠侠（Kioxia）下跌11%，软银（SoftBank）下跌10%，软银是ChatGPT所有者OpenAI的主要投资者。
Meanwhile, Japan’s Nikkei 225 dropped by 4.9% on Thursday, after an 11% slump in the memory chip maker Kioxia and a 10% drop in SoftBank, a big investor in the ChatGPT owner, OpenAI.
这些跌幅是在华尔街前一天盘中出现滑坡之后出现的，当时纳斯达克综合指数下跌1.9%，标普500指数下跌1.1%，为自7月以来的最差表现。
The falls followed a slide on Wall Street during the previous day’s session, where the Nasdaq Composite fell by 1.9% and the S&P 500 dropped 1.1%, its worst performance since July.
美国股票在周四交易恢复时进一步下跌。纳斯达克在交易开始时又下跌1.4%，戴尔（生产数据中心服务器）和康希诺（制造AI数据中心组件）领跌早盘。
US stocks fell further when trading resumed on Thursday. The Nasdaq dropped another 1.4% at the start of trading, with Dell, which makes datacentre servers, and Coherent, which manufactures components for AI datacentres, leading the early fallers.
此次抛售发生在美国周三公布的数据显示，美国国内通胀在9月意外升至3.7%，这是自消费者价格指数（CPI）在5月达到三年高点4.2%以来价格涨幅最快的一次。
The sell-off came after US data on Wednesday showed stateside inflation jumped to a higher-than-expected 3.7% in September, marking the fastest increase in prices since the consumer price index (CPI) rate hit a three-year peak of 4.2% in May.
周四公布的最新数据显示，美国生产者在9月将价格同比提高了6.3%，这是自2022年12月以来的最大涨幅，进一步加剧了通胀担忧。
Fresh data on Thursday showing US producers increased their prices by 6.3% year on year in September – the sharpest rise since December 2022 – added to inflationary jitters.
这些数据令投资者感到不安，他们现在预计美联储将很快再次加息，一些交易者甚至预计本月底前就会出现另一次加息。
The figures have rattled investors who are now expecting fresh interest rate increases by the US Federal Reserve, with some punters pricing in another increase as soon as the end of the month.
“市场刚刚经历了令人难以置信的动荡24小时，因为强劲的美国CPI数据随后伴随着围绕人工智能交易的担忧加剧，”由吉姆·里德领导的德意志银行分析师表示。
“Markets have just had an incredibly tumultuous 24 hours, as a strong US CPI print was then followed up with mounting fears around the AI trade,” Deutsche Bank analysts led by Jim Reid said.
令人担忧的是，数据显示这与燃油成本无关，而燃油成本因地缘政治紧张局势被推高，包括美国对伊朗战争的连锁反应。里德说：“这不仅仅是能源价格上涨推高了物价，因为消费品篮子中出现了广泛的涨幅。”抛售紧随国际货币基金组织的警告之后，该组织本周表示，人工智能股价崩盘在全球市场蔓延的威胁正在使全球金融稳定面临风险。
Worryingly, the figures showed this was not about fuel costs, which have been pushed up by geopolitical tensions including the ripple effects from the US war on Iran. Reid said: “This wasn’t just an energy surge driving prices higher, as there were broad-based moves across the consumer basket.”The sell-off follows warnings from the International Monetary Fund, which said this week that the threat of an AI share price crash rippling out across global markets was putting world financial stability at risk.
“人工智能修正的后果可能是全球性的，”国际货币基金组织表示。除了美国之外，亚洲市场将面临最大风险，而英国和欧元区可能相对更具韧性——尽管持有美国资产的投资者将受到冲击。
“The consequences of an AI correction could be global,” the IMF said. Aside from the US, Asian markets would be most exposed, with the UK and eurozone potentially more insulated – although investors with US holdings would be hit.
最新的不安情绪冲击了中国，其中上证深证沪深300指数一度下跌2.4%，创下2025年8月以来的最低水平。在台湾，作为全球领先的芯片制造商和亚洲最有价值的公司，台积电尽管报告了连续第六个季度盈利，股价仍下跌2%。
The latest jitters hit China, where the Shanghai Shenzhen CSI 300 slipped by as much as 2.4%, marking the lowest level since August 2025. In Taiwan, one of the world’s leading chip makers and Asia’s most valuable company, TSMC, fell 2% despite reporting its sixth straight quarter of profits.
欧洲股票也承受压力，德国DAX指数在下午交易中下跌0.36%，意大利富时米B指数下跌1.3%。
European stocks also came under pressure, with Germany’s DAX down 0.36% in afternoon trading and the Italian FTSE MIB dropping by 1.3%.