展望欧洲和全球市场的一天，来自 Tom Westbrook 的报道周五，投资者抛售了处于人工智能革命前沿的芯片制造商股票，保证金追缴在亚洲蔓延，债券价格飙升，定义了今年金融市场的科技押注轰然瓦解。
A look at the day ahead in European and global markets from Tom Westbrook Investors abandoned the chipmakers at the vanguard of the AI revolution on Friday, with margin calls rippling across Asia and bonds surging as the tech bets that have defined the year in financial markets came spectacularly undone.
诱因是担忧民主党大选获胜可能会给数据中心建设踩下刹车，尽管该行业的信心早已因人们对巨额人工智能投资能否产生足够回报的担忧日益加剧而动摇。
The trigger was concern that Democrats' election sweep could put the brakes on data-centre development, though confidence in the sector had already been shaken by mounting concerns over whether massive AI investments would generate sufficient returns.
在华尔街经历“解放日”以来最惨烈的抛售后，全球最大晶圆代工厂台积电（2330.TW）股价在台北开盘即跌停，该市场将录得自1999年以来最大单周跌幅。
After Wall Street's steepest wipeout since "Liberation Day," shares in the world's biggest contract chipmaker, TSMC (2330.TW), went limit down at the open in Taipei where the market is set for its largest weekly loss since 1999.
对部分市场人士而言，这发出了恐慌性抛售结束的信号。但除了有传言称台湾和韩国的大型本地机构正在抄底买入股票外，鲜有买盘出现。
For some in the market, that's a signal the capitulation is over. But besides talk that big local institutions were scooping up shares in Taiwan and South Korea, there were few buyers.
路透社周四援引知情人士报道，人工智能初创公司 Anthropic 备受瞩目的首次公开募股（IPO）潜在投资者正在质疑，该公司能否按计划于下周启动路演，以赶上11月份上市。
Potential investors in Anthropic's highly anticipated IPO are raising doubts about whether the artificial intelligence startup can proceed with its planned roadshow next week in time for a November listing, Reuters reported on Thursday, citing people familiar with the discussions.
在当局放宽保证金规则以缓解强制平仓的帮助下，韩国综合股价指数（.KS11）摆脱了九个月低位。但该指数仍下跌约5%，纳斯达克100指数期货的反弹力度微弱，且在亚洲午后交易时段难以维持涨势。
South Korea's KOSPI (.KS11) managed to lift off nine-month lows, with help from authorities who moved to relax margin rules to ease forced selling. But it was still down by around 5% and a bounce in Nasdaq 100 futures was sketchy and struggling to hold into the Asian afternoon.
债券市场短端价格飙升，投资者寻求避险，并重新评估如果人工智能基础设施建设、支出和招聘放缓，央行是否真会有加息意愿。
Bond markets surged at the short end as investors headed for safety and reassessed whether central banks will really be in the mood for hiking if the construction, spending and hiring around AI infrastructure were to slow down.
人工智能投资者软银的违约保险成本在亚洲交易时段飙升至四年高位，美国科技板块的信用债成为关注焦点，市场正在寻找压力迹象或债务融资渠道被切断的迹象。可能影响周五市场的关键进展：美国市场开盘
The cost of insurance against default at AI investor SoftBank leapt to a four-year high in the Asia day and credits across the US tech sector are in focus for signs of pressure or of markets cutting access to debt funding. Key developments that could influence markets on Friday: US market open