新加坡，11月5日——周四亚洲交易时段，石油、芯片股和美元承压，而几乎其他所有资产都在上涨，此前美国选民在中期选举中让民主党取得了一系列惊人的胜利，这一结果提振了人们对美国-伊朗战争有望结束的希望。
SINGAPORE, Nov 5 - Oil, chip stocks and the dollar were under pressure in Asia on Thursday and just about everything else was up after US voters swept the Democrats to a series of stunning midterm election wins, a result that raised hopes for an end to the US-Iran war.
布伦特原油期货隔夜暴跌近9%，跌破每桶100美元。本周迄今布伦特原油已下跌约20%。如果这一跌势持续到周五收盘，将创下自2020年4月以来最大的单周油价跌幅，当时美国原油曾短暂跌入负值区间。
Brent crude futures dived nearly 9% overnight, falling below $100 a barrel. Brent has dropped by about 20% so far this week. If sustained through to Friday’s close, it would make for the largest weekly drop in oil prices since April 2020 when US crude briefly fell into negative territory.
能源价格暴跌提振了债券市场，压低了收益率，将美元兑欧元汇率拉低至一个月低点1.1273美元，并提振了股市。基准10年期国债收益率跌至两个月低点，最新报4.85%。Federated Hermes全球流动性市场首席投资官黛博拉·坎宁安表示：“蓝色浪潮意味着联邦政府在大多数议题上势必陷入分裂。”
Tumbling energy prices encouraged a rally in bonds, which lowered yields, pulled the dollar to a one-month low of $1.1273 per euro, and helped stocks. The yield on the benchmark 10-year note fell to a two-month low and was last at 4.85%.[.N] "The blue wave means the federal government is sure to be divided on most issues," said Deborah Cunningham, CIO for global liquidity markets at Federated Hermes.
“这通常会形成对新立法的封锁，而这种环境传统上被广泛金融市场视为有利，因为变量减少了。”明确的选举结果推动大盘股指走高，标普500指数收涨1.6%，欧洲股市触及两个月高点，但科技股表现挣扎，因投资者担心AI基础设施建设将面临更严格的审查。
"That typically creates a blockade against new legislation, an environment which broad financial markets traditionally view favourably as variables decrease." Broad stock indexes climbed on the clear outcome, with the S&P 500 closing 1.6% higher and European shares notching a two-month high, although tech stocks struggled as investors fear greater scrutiny over AI infrastructure build-out.
欧洲股指期货上涨0.2%，而纳斯达克期货下跌1%，表明投资者对芯片和数据中心类股票感到不安。
European stock futures were 0.2% higher, while Nasdaq futures slid 1% indicating investor angst over chip and data centre stocks.
在得克萨斯州和佐治亚州，以暂停数据中心建设为主要竞选主张之一的民主党数据中心反对者取得了惊人的胜利，这表明公众对AI的看法正在转变。
Democratic data-centre opponents who campaigned, in part, on moratoriums on data centre construction won stunning victories in Texas and Georgia in a sign public opinion is shifting on AI.
亚洲芯片制造商下挫。韩国以芯片股为主的KOSPI指数下跌近6%，距七个月新低仅一步之遥。台湾基准指数下跌超过3%，势将录得8%的周跌幅，为2025年4月以来最差单周表现。
ASIAN CHIPMAKERS SINK South Korea’s chipmaker-heavy KOSPI sank nearly 6% and remained within a whisker of a new seven-month low. Taiwan’s benchmark index fell over 3%, poised for an 8% weekly decline, its worst weekly performance since April 2025.
科技设备供应商股价下跌拖累日经225指数收跌2%，尽管更广泛的东证指数上涨0.8%，凸显了市场对明确选举结果的分歧反应。
Tech equipment suppliers dragged on the Nikkei, which fell 2%, although the broader Topix was 0.8% higher, underscoring the divergent market reaction to the decisive election results.
“AI是影响变得更加微妙的地方，”道富投资管理首席固定收益策略师Masahiko Loo表示。
"AI is where the impact becomes more nuanced," said Masahiko Loo, chief fixed income strategist at State Street Investment Management.
Loo称，民主党掌控国会增加了对数据中心、电力需求和消费者成本进行更严格审查的可能性，但并不意味着民主党拥有完全的主导权，因为总统唐纳德·特朗普保留着否决权。
Loo said Democratic control raises the prospect of tougher scrutiny around data centres, power demand and consumer costs, but does not mean a free hand as President Donald Trump retains veto power.
他说：“因此，这波‘蓝色浪潮’提高了美国AI领域的政治风险溢价，但不一定会使更广泛的AI资本支出周期脱轨。”
"The blue wave therefore raises the political risk premium around US AI without necessarily derailing the broader AI capex cycle," he said.
目前，投资者寻求在今年表现疲软的市场中避险，印度、香港和澳大利亚的基准指数大幅上涨。
For now, investors sought refuge in markets that have struggled this year, with the benchmark indexes in India, Hong Kong and Australia rising sharply.
太阳能供应链股票涨幅最大，市场预期民主党将加大对可再生能源的支持；而亚洲各地数据中心公司及其设备供应商的股价下跌，市场预期将面临更严格的监管。
Solar supply chain stocks also jumped the most, in anticipation of Democrats boosting support for renewables, while shares in data centre companies and their equipment suppliers across Asia fell on expectations of tougher regulation.
油价因期待伊朗战争结束而下滑 布伦特原油报94.21美元，触及隔夜低点，交易员押注特朗普面对民主党控制的国会，且因中东冲突导致的高能源价格而受损，不太可能升级与伊朗的战争。
OIL SLIDES ON HOPES OF END TO IRAN WAR At $94.21, Brent crude was testing overnight lows as traders chose to bet that Trump, facing a Democratic Congress and hurt by high energy prices caused by the Mideast conflict, would be less likely to escalate the war with Iran.
特朗普周三承认，战争在共和党失利中发挥了作用，他的副总统JD·万斯在X平台上表述得更为直白：“我们输掉选举的原因是战争。”冲突解决可能进一步推低油价，缓解通胀压力，并降低未来加息的可能性。
Trump acknowledged on Wednesday that the war played a role in Republicans’ defeat and his vice president, JD Vance, was even more blunt on X: "The reason we lost is the war." A resolution could push oil prices lower still, alleviating inflation pressure and reducing the likelihood of future interest rate hikes.
跟踪短期利率预期的2年期美债收益率下跌约2个基点，报4.56%。[US/] 在外汇市场，美元普遍走弱，投资者关注英国央行周四晚些时候的政策声明。
The 2-year US yields, which track short-term rate expectations, fell about 2 bps to 4.56%. [US/] In currencies, the dollar was broadly weaker, with investor focus on the Bank of England’s policy announcement later on Thursday.
外界预计，央行将加息以应对能源成本飙升带来的通胀压力，尽管它可能会反驳投资者关于明年还将有数次加息的押注。
The central bank is expected to raise rates to contend with inflation pressure from soaring energy costs, although it may push back against investor bets that several more increases will follow next year.