你好，我是 Leonie Kidd，欢迎收看今日的《Morning Squawk》。本周投资者经历了令人眼花缭乱的轮动行情。
Hello, this is Leonie Kidd with today's edition of Morning Squawk. There has been a dizzying amount of rotation for investors this week.
但股债市场关键位的触及，可能预示着向避险资产的更重大转移已在酝酿。以下是投资者开盘前需知的五件大事：
But the striking of key levels across equity and bond markets could signal a more significant shift into safe-haven assets. Here are five key things investors need to know to start the trading day:
正在发生：奔向避风港 科技股经历了一个剧烈震荡的周，但周四的抛售令投资者惊恐万分，纷纷寻求避险资产庇护。
Happening now: Head for havens It's been a whiplash week for technology stocks, but Thursday's sell-off spooked investors enough to seek refuge in safe havens.
以 Meta 和芯片板块领跌的科技板块普遍大幅下挫，导致纳斯达克指数录得自 6 月以来最糟糕的单日表现。 2026 年 10 月 21 日，纽约证券交易所交易大厅内，交易员在早盘交易时段工作。
Steep declines across the tech space, led by Meta and the chip sector, saw Nasdaq log its worst day since June Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City.
Michael M. Santiago | Getty Images 这引发了自 2023 年 3 月以来 10 年期美债收益率最大单日跌幅，将其推至一个月来首次跌破 5% 关口。
Michael M. Santiago | Getty Images It triggered the biggest one-day decline in the 10-year U.S. Treasury yield since March 2023, driving the level below 5% for the first time in a month. Analysis:
分析：市场参与者向 CNBC 表示，这是一段时间以来美债首次被视为避险资产，理由是市场担忧与 AI 相关的债券发行。
market participants told CNBC it's the first time in a while that Treasurys are being seen as a safe haven, citing the concern over AI-related bond issuance.
10 年期美债收益率
关于日本的一点说明 这一市场趋势正延伸至亚洲，在避险资产需求推动下，日本主权债券和日元双双飙升。
10-Year U.S. Treasury yield A note on Japan The market trend is extending into Asia, with Japanese sovereign bonds and the Yen surging amid demand for haven assets.
为何这很重要：经济预警信号仍在闪烁。日本核心通胀触及年内最高水平，这可能促使日本央行考虑再次加息。
Why it matters: economic warning signs are still flashing. Japanese core inflation hit its highest level this year which could prompt the Bank of Japan to consider another rate hike.
大额波动股：斯德哥尔摩、首尔和旧金山 沃尔沃汽车股价在斯德哥尔摩一度暴跌 30%，此前这家瑞典车企表示，因美国和中国市场均疲软，导致季度亏损。 CEO Håkan Samuelsson 在接受《Squawk Box Europe》采访时谈及这个糟糕的季度，称“在欧洲开发、面向全球销售的汽车，在中国行不通。” 韩国 SK 海力士股价在亚洲时段大幅反弹，此前该芯片制造商取消了其美国子公司 Solidigm 的 IPO 计划。
Big movers: Stockholm, Seoul and San Francisco Volvo Car shares plunged as much as 30% in Stockholm after the Swedish carmaker said weakness in both the U.S. and Chinese markets led to a quarterly loss The CEO, Håkan Samuelsson, addressed the terrible quarter, telling Squawk Box Europe that "selling global cars, developed in Europe, in China will not work." Shares in South Korea's SKHynix rebounded sharply during the Asian session after the chipmaker scrapped its IPO plans for its U.S. unit Solidigm.
eToro分析师Josh Gilbert告诉CNBC，这消除了围绕该股票的一个风险因素，并保留了该部门在公司内部的价值。
eToro analyst Josh Gilbert told CNBC it removes a risk factor around the stock and preserves the unit's value within the company.
苹果股价逆科技股下跌趋势上涨，有望以收涨结束本周。此前该股在周四盘中创下新高。
Apple has been bucking the tech rout with gains that could put it on track to end the week in the green. This comes after the stock hit a fresh high during Thursday's session.
随着售价2000美元的iPhone Duo首日现货销售在全球展开，股价今日可能获得进一步提振。
Shares could get more of a boost today as day-one walk-in sales of the $2000 iPhone Duo get underway worldwide.
CNBC记者MacKenzie Sigalos将在位于第五大道的苹果旗舰店现场，追踪排队情况。了解Duo为何已以低至800美元的价格出售 人们在澳大利亚悉尼一家苹果店外排队购买新款苹果iPhone Duo（其首款折叠屏手机），摄于2026年10月23日。
CNBC's MacKenzie Sigalos will be at Apple's Fifth Avenue flagship store, tracking the lines. Find out why the Duo is already selling for as little as $800 People queue up outside an Apple store to purchase the new Apple iPhone Duo, its first folding phone, in Sydney, Australia, Oct. 23, 2026.
Hollie Adams | Reuters 独家：估值情况 CNBC获悉，OpenAI接近完成一轮融资，规模可能超过300亿美元，将这家AI巨头估值定在1.25万亿美元。
Hollie Adams | Reuters Scoop: Valuation situation CNBC has learnt that OpenAI is close to finalizing a funding round that could top $30 billion, valuing the AI giant at $1.25 trillion.
CNBC记者Kate Rooney和Ashley Capoot采访消息人士称，来自阿拉伯联合酋长国的投资者正在领投这一轮融资，这被视为潜在IPO前的一个“机会主义”过桥轮。
CNBC's Kate Rooney and Ashley Capoot spoke to sources who said investors from the United Arab Emirates are leading the round, which is being seen as an "opportunist" bridge ahead of a potential IPO.
《金融时报》报道，按此估值计算，较部分投资者此前看到的1.4万亿美元价格标签又是一次缩水。
the Financial Times reports that at this valuation, it marks another trim down from the most recent $1.4 trillion price tag seen by some investors.
OpenAI首席执行官Sam Altman于2026年9月29日在加利福尼亚州旧金山Fort Mason举行的OpenAI开发者大会上发表主题演讲。
OpenAI CEO Sam Altman delivers the keynote address during the OpenAI developers conference at Fort Mason on Sept. 29, 2026 in San Francisco, California.
Heather Diehl | Getty Images 进展中的新闻：Starlink恢复 根据《华尔街日报》援引美国官员的报道，唐纳德·特朗普总统要求埃隆·马斯克恢复供乌克兰使用SpaceX Starlink系统的完整军用级版本。
Heather Diehl | Getty Images Developing story: Starlink restored President Donald Trump asked Elon Musk to restore the full military-grade version of SpaceX's Starlink system for use in Ukraine. That's according to the Wall Street Journal, citing U.S. officials.
限制乌克兰使用Starlink的举措引发了广泛的两党批评。距离中期选举仅剩一周半，俄罗斯仍是关键竞选议题。
the move to throttle Ukraine's access to Starlink has prompted widespread bipartisan criticism. With the midterms just a week and a half away, Russia remains a key campaign topic.
“我后悔上周在社交媒体平台X上关于@realDonaldTrump总统的一些帖子。言辞过激了，”埃隆·马斯克说道。
"I regret some of my posts about President @realDonaldTrump last week. They went too far," Elon Musk said on the X social media platform.
Alex Wroblewski | Afp | Getty Images 最后……富裕中国人将资金转移至美国银行 受北京日益扩大的海外财富追查所震动的富裕中国人，正将资金转向一个曾经熟悉的避风港：美国。
Alex Wroblewski | Afp | Getty Images And Finally... Wealthy Chinese are moving their money to American banks Wealthy Chinese rattled by Beijing's widening hunt for overseas wealth are turning to a once-familiar refuge for their money: the U.S.
为中国客户工作的私人银行家和律师表示，自北京去年7月对海外财富征收追溯税以来，关于开设美国银行账户的咨询有所增加，资产此前存放在新加坡或香港，现在被转移到美国，以进一步远离北京的掌控。约翰·梅洛伊编辑了本期节目。
Private bankers and lawyers who work with Chinese clients say inquiries about opening U.S. bank accounts have grown in the months after Beijing imposed retroactive taxes on offshore wealth in July, moving assets previously stored in Singapore or Hong Kong there to stay further away from Beijing's reach. John Melloy edited this edition.