亚洲股市周四回吐了早盘涨幅，人工智能（AI）相关财报引发市场反应两极分化，这使得投资者对亚马逊和英特尔当日稍晚公布的业绩更加关注。Alphabet巨额现金消耗导致其股价在盘后交易中下跌10%，市值蒸发近4000亿美元。这拖累纳斯达克期货下跌1%。相比之下，微软业绩超出预期，现金流表现好于预期，推动其股价上涨3%。
Asian shares gave up earlier gains on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day. Hefty cash burn from Alphabet sent its shares 10 per cent lower in after-hours trading, wiping nearly $400 billion off its market value. That drove Nasdaq futures 1 per cent lower. Microsoft, by contrast, beat forecasts with better-than-expected cash flows that lifted its shares by 3 per cent.
隔夜，美联储如市场普遍预期维持利率不变，但有两名委员会成员投票支持加息。主席凯文·沃什在新闻发布会上对通胀前景发表了更为自信的言论，引发美国国债上涨。然而，更大的考验来自企业财报。三星电子周四表示，受AI芯片强劲需求的推动，其第三季度营业利润增长近九倍，创下历史新高。但其股价仍下跌逾4%，并拖累韩国综合股价指数（KOSPI）下跌2.6%，而该指数前一天刚大涨近7%。
Overnight, the Federal Reserve held interest rates steady as widely expected, but two committee members voted for a hike. Chair Kevin Warsh struck a more confident note on the inflation outlook during his press conference, sparking a rally in Treasuries. However, the bigger test came from earnings. Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips. Its shares still slid more than 4 per cent and dragged the broader KOSPI index down 2.6 per cent after a nearly 7 per cent surge a day earlier.MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 per cent, while Japan's Nikkei trimmed gains to be up 0.3 per cent.
MSCI除日本外亚太地区最广泛股指下跌0.7%，日本日经指数回吐涨幅，仅上涨0.3%。中国内地蓝筹股下跌0.9%，香港恒生指数上涨0.2%。VanEck投资副主管杰米·汉纳表示：“Alphabet下跌的原因在于，其传统的广告生成收入服务受到了AI热潮这一因素的冲击。因此，这导致谷歌的业绩表现喜忧参半。”“Alphabet和微软都证实，AI创收能力依然稳健。我们从数据中心增长和云服务中看到了这一点。”
Mainland China's blue chips fell 0.9 per cent and Hong Kong's Hang Seng index rose 0.2 per cent." The reason why Alphabet is down is because their traditional revenue service of ad generation has been impacted by the very thing which is the AI boom. So it's causing a mix of results for Google," said Jamie Hannah, deputy head of investments at VanEck." Both of Alphabet and Microsoft confirmed that the AI revenue generation is still solid. We saw that through the data center growth, the cloud services.
因此，这部分业务是稳健的，这又体现在来自亚洲的大量信息中，昨天韩国的SK海力士也是如此。”SK海力士股价上涨1.3%，此前一天因业绩强劲而大涨11%。央行盛宴继续在美联储维持利率不变之后，所有目光都集中在美国9月个人消费支出数据上，这是美联储偏好的通胀指标。预测集中在核心指标环比上涨0.3%，较上月0.2%的涨幅有所加快。
So that part of the business is solid, which then flows into a lot of the information coming out of Asia with SK Hynix yesterday as well in Korea." Shares of SK Hynix rose 1.3 per cent after jumping 11 per cent a day earlier on strong earnings. Central bank fest continuesAfter the Fed held interest rates steady, all eyes are on US Personal Consumption Expenditures data for September, the Fed's preferred gauge of inflation. Forecasts are centred on a 0.3 per cent monthly rise in the core measure, picking up from a 0.2 per cent gain the previous month.
尽管沃什发表了鸽派言论，导致美国国债收益率曲线趋陡，市场仍以80%的概率定价12月加息。2年期美国国债收益率隔夜下跌6个基点，最新持平于4.6933%。摩根大通资产管理全球市场策略师克里·克雷格表示：“今天会议上反对加息的票数可以被解读为，问题不在于美联储是否再次加息，而在于何时加息。”他说：“由于政策收紧已被定价，这意味着除非出现更明确的信号表明更激进的 policy 收紧或转向降息，否则收益率将维持区间波动。”
Markets are still 80 per cent priced for a rate rise in December despite dovish comments from Warsh, which led to a steepening of the Treasury yield curve. The 2-year Treasury yield fell 6 basis points overnight and was last flat at 4.6933 per cent." The dissenting votes to hike rates at today's meeting could be interpreted as being not about whether the Fed hikes again, but when," said Kerry Craig, global market strategist at J.P. Morgan Asset Management." With policy tightening already being priced in, this implies that yields will remain range-bound unless there is a clearer signal for more aggressive policy tightening or a pivot to cuts," he said.
加拿大央行周三进行了三年多来的首次加息，并警告将进一步加息。然而，预计欧洲央行将在周四晚些时候维持利率不变。在汇市方面，美元在隔夜下跌0.2%后对主要货币持稳。新西兰元在跌至0.5626美元后承受沉重损失，此前该货币隔夜下滑1%，因其央行周三出人意料地维持利率不变，令市场震惊。布伦特原油期货周四下跌0.4%，至每桶114.91美元，此前《华尔街日报》报道称，美国副总统JD·万斯致信伊朗安全委员会主席穆赫辛·雷扎伊，试图重启和平谈判。
The Bank of Canada hiked interest rates on Wednesday for the first time in more than three years and warned of further increases. The European Central Bank is, however, expected to hold interest rates steady later on Thursday. In the currency markets, the dollar was steady against its major peers after a 0.2 per cent dip overnight. The kiwi was nursing heavy losses at $0.5626, having slid 1 per cent overnight as its central bank shocked markets by leaving interest rates steady on Wednesday. Brent crude futures fell 0.4 per cent on Thursday to $114.91 a barrel after the Wall Street Journal reported US Vice President JD Vance sent a letter to Iranian Security Council chief Mohsen Rezaei in an effort to revive peace negotiations.