东京 —— 周四，日本和韩国股市下跌，科技股承压，此前民主党在美国中期选举中取得压倒性胜利，激发了市场对人工智能领域将面临更严格审查的预期。
TOKYO -- Japanese and South Korean stock markets fell on Thursday, with tech shares under pressure after the Democrats' emphatic victory in the U.S. midterm elections stoked expectations of tighter scrutiny in the artificial intelligence sector.
日本基准日经225种股票平均价格指数高开 —— 一度上涨逾400点，即0.7% —— 随后反向下跌逾1%。该蓝筹股指数受人工智能相关股拖累，其中存储芯片制造商铠侠控股下跌约9%。
Japan's benchmark Nikkei Stock Average opened higher -- at one point rising over 400 points, or 0.7% -- before reversing course to fall over 1%. The blue-chip gauge was dragged lower by AI-related stocks, including memory maker Kioxia Holdings, which was down around 9%.
软银集团、优德科技、东京电子等与人工智能相关的公司股价也下跌。
Shares in SoftBank Group, Advantest, Tokyo Electron and other companies connected to AI also declined.
随着华盛顿从共和党全面控制转为分裂政府，“人工智能和数据中心可能面临更大的两党审查，即使没有重大新立法出台，也可能打击情绪并推迟一些项目”，T. Rowe Price多元资产部资本市场策略师蒂姆·默里表示。
With Washington moving from full Republican control to a divided government, "AI and data centers may face greater bipartisan scrutiny, potentially weighing on sentiment and delaying some projects, even without significant new legislation," said Tim Murray, capital markets strategist in the multi-asset division at T. Rowe Price.
这一前景促使投资者抛售人工智能相关股票，冲击了日本、韩国和台湾等市场，这些市场此前因对人工智能和半导体产品的强劲需求而享受了强劲的出口增长。
That prospect prompted investors to sell AI-related stocks, hitting markets like Japan, South Korea and Taiwan, which have enjoyed robust export growth driven by demand for AI and semiconductor products.
韩国综合股价指数周四一度下跌约5%，由指数权重股SK海力士暴跌9%和三星电子下跌7%领跌。深受台积电股价影响的台湾加权股价指数下跌逾2%。
South Korea's KOSPI at one point dropped around 5% on Thursday, led by a 9% plunge in index heavyweight SK Hynix and a 7% decline in Samsung Electronics. Taiwan's Taiex, which is heavily influenced by the shares of Taiwan Semiconductor Manufacturing Co., was down over 2%.
据美国消费者新闻与商业频道周二报道，在10个美国州的41项涉及人工智能相关数据中心建设的投票议案中，选民反对了除一项以外的所有议案。结果显示，当地对数据中心项目的抵制情绪日益高涨，可能使未来的扩建计划复杂化，并对美国的人工智能发展构成逆风。中国大陆股市和新加坡海峡时报指数在震荡交易中基本持平。
CNBC reported on Tuesday that voters opposed nearly all of 41 ballot measures across 10 U.S. states concerning the construction of AI-related data centers, with just one exception. The results suggest growing local resistance to data center projects, potentially complicating future expansion plans and posing a headwind to AI development in America.
其他市场的表现则更为积极，澳大利亚股市上涨约2%，香港恒生指数上涨近3%。
Mainland Chinese stocks and Singapore's Straits Times Index were little changed in choppy trading.
新加坡三菱日联环球市场研究高级货币分析师劳埃德·陈在一份报告中表示，这波“民主党浪潮代表着政治版图的重大转变，并引发了市场中嵌入的部分政治和地缘政治风险溢价的回吐。”
Activity was more positive elsewhere, with Australian shares up around 2% and Hong Kong's Hang Seng Index nearly 3% higher.
他补充称，基准油价“已大幅下跌，因为市场预期伊朗冲突缓和的可能性增加，尽管潜在的地缘政治风险并未消失。”周四早盘，布伦特原油和西德克萨斯中质原油期货均下跌，布伦特原油跌回每桶100美元关口之下。
The Democratic wave "represents a meaningful shift in the political landscape and has triggered an unwind of part of the political and geopolitical risk premium embedded in markets," said Lloyd Chan, senior currency analyst at MUFG Global Markets Research in Singapore, in a note.
Rystad Energy首席经济学家克劳迪奥·加利姆贝蒂表示：“民主党全面胜利改变了继续伊朗战争的政治成本。”他解释称，随着民主党控制国会两院，立法者将对政府拥有更大的影响力，增加了就霍尔木兹海峡达成协议的可能性。对于石油市场而言，“恢复海峡通行才是最终让原油供应和成品库存恢复正常所需要的。”
He added that benchmark oil prices have "sold off sharply as markets price a greater probability of de-escalation in the Iran conflict, although the underlying geopolitical risk has not disappeared." Both Brent and West Texas Intermediate crude oil futures were trading lower on Thursday morning, with Brent falling back below the $100-a-barrel mark.
尽管隔夜华尔街强劲反弹，道琼斯工业平均指数在特朗普总统承认民主党选举胜利并表示愿意与该党合作后跳涨3%，科技股为主的纳斯达克指数也上涨逾1%，但亚洲AI相关股票仍遭抛售。AI芯片制造商表现疲软，美光科技和英伟达分别下跌7%和3%。
"A Democratic sweep changes the political cost of continuing the Iran war," said Claudio Galimberti, chief economist at Rystad Energy. He explained that, with control of both houses of Congress, lawmakers will have more leverage over the administration, increasing the likelihood of efforts to secure an agreement on the Strait of Hormuz. For oil markets, "a restoration of flows through the strait is what is ultimately needed for crude supply and product inventories to normalize." The selloff in Asian AI-related shares came despite a strong rally on Wall Street overnight, where the Dow Jones Industrial Average jumped 3% after President Donald Trump acknowledged the Democrats' election victory and signaled a willingness to work with the party. The tech-heavy Nasdaq also gained more than 1%, but AI-linked chipmakers underperformed, with Micron Technology and Nvidia falling 7% and 3%, respectively.
野村综合研究所执行经济学家木内登英指出，由民主党控制的国会将使特朗普政府更难推进激进的关税和伊朗政策。他在一份报告中表示：“虽然国会无法完全阻止这些行动，但民主党可通过调查、监督和预算控制对其提出挑战，特别是通过限制军事行动的资金。”
Takahide Kiuchi, executive economist at Nomura Research Institute, noted that a Democrat-controlled Congress will make it harder for the Trump administration to push ahead with aggressive tariff and Iran policies. "While Congress cannot fully block these actions, Democrats could challenge them through investigations, oversight and budget controls, especially by restricting funding for military operations," he said in a note.
木内登英表示，对市场而言，这可能降低日本出口面临的风险，并通过减少贸易和地缘政治进一步升级的可能性，有助于稳定油价。
For markets, this could reduce risks to Japanese exports and help stabilize oil prices by lowering the likelihood of further trade and geopolitical escalation, Kiuchi said.
不过，这位经济学家补充称，短期内存在风险：特朗普政府因实力减弱“可能将重心从国内问题转向外交政策，在新国会于1月就职前暂时加强关税或对伊朗施压”。
However, the economist added that there is a near-term risk that a weakened Trump administration "could shift its focus from domestic issues to foreign policy and temporarily intensify tariffs or pressure on Iran before the new Congress takes office in January."