亚洲股市因科技股抛售暴跌，日韩股指领跌Asian Stocks Plunge as Global Technology Sell-off Deepens

2026年6月26日，亚洲地区股市遭遇剧烈抛售，其中日本和韩国市场跌幅最为惨烈。韩国综合股价指数（Kospi）暴跌超过8%，其小盘股指数Kosdaq也下跌超过5%，剧烈的波动导致韩国交易所对主板指数实施了约20分钟的熔断暂停交易。与此同时，日本日经225指数下跌约5%，失守69,000点关口。交易员纷纷选择在此时锁定近期因人工智能相关概念股飙升所带来的利润。

On June 26, 2026, stock markets across Asia experienced a severe sell-off, led by heavy losses in Japan and South Korea as traders moved to lock in gains from recent rallies in artificial intelligence-related shares. South Korea's benchmark Kospi index plunged more than 8%, while the small-cap Kosdaq index fell over 5%, prompting the country's exchange to halt trading on the main index for approximately 20 minutes. Meanwhile, Japan's Nikkei 225 index slipped around 5%, dropping below the 69,000 level.

在亚洲市场暴跌的同时，美国股指期货也同步走低。其中，纳斯达克100指数期货下跌1.59%，标普500指数期货下跌0.8%，道琼斯工业平均指数期货则下跌了107点，跌幅约为0.2%。相比之下，澳大利亚的基准指数S&P/ASX 200表现平稳，维持在持平状态；而香港恒生指数下跌近2%，中国大陆沪深300指数则下跌了2.82%。

The downward momentum in Asia coincided with a decline in U.S. stock futures. Nasdaq 100 futures fell 1.59%, S&P 500 futures lost 0.8%, and Dow Jones Industrial Average futures declined by 107 points, or about 0.2%. Elsewhere in the Asia-Pacific region, Australia's benchmark S&P/ASX 200 remained unchanged, while Hong Kong's Hang Seng index fell nearly 2% and mainland China's CSI 300 index dropped 2.82%.

在2026年6月25日的常规交易时段中，苹果公司股价下跌了6%。此前，该公司宣布大幅上调其Mac和iPad系列产品的售价，并指出这是由于内存和存储芯片需求上升导致成本飙升。具体而言，苹果在美国市场将基础款MacBook Air的零售价从1,099美元上调至1,299美元，最低配置的MacBook Pro价格从1,699美元上涨至1,999美元。此外，iPad Air的基础售价从599美元提高到7490美元，iPad Pro从999美元跳涨至1,199美元，而入门级MacBook Neo的售价也从599美元上涨到了699美元。许多热门机型的涨幅达到了20%或更多。

During the regular trading session on Thursday, June 25, 2026, Apple shares fell 6% after the company announced steep price increases across its range of Macs and iPads, attributing the decision to soaring memory and storage costs. In the United States, the retail price of the base model MacBook Air rose from $1,099 to $1,299, while the lowest-spec MacBook Pro increased from $1,699 to $1,999. Additionally, the base price of the iPad Air was raised from $599 to $749, the iPad Pro jumped from $999 to $1,199, and the entry-level MacBook Neo went up from $599 to $699, with many popular models seeing hikes of 20% or more.

与此同时，微软公司股价也下跌了超过3%。该公司宣布由于组件成本激增，将提高其Xbox游戏主机的售价。这两家科技巨头的调价举措引发了市场的连锁反应。投资者开始担忧，不断攀升的组件成本不仅会抑制消费者对终端设备的需求，还可能最终拖累此前一直推动人工智能贸易的内存芯片牛市。这种对高昂成本的担忧迅速蔓延，直接导致了亚洲科技股在次日的集体下挫。

Concurrently, Microsoft shares dropped more than 3% following its announcement of higher prices for its Xbox gaming consoles, citing surging component costs. These price hikes by two of the world's largest technology companies triggered widespread concern among investors that rising component costs will curb consumer demand for devices and ultimately slow down the memory chip rally that has powered much of the artificial intelligence trade.

在亚洲科技股的整体跌势中，日本软银集团的股价遭受了尤为沉重的打击。2026年6月26日上午，软银集团股价暴跌超过13%，领跌日本及亚洲科技板块。这一剧烈下跌在很大程度上受到了隔夜美股科技股连续第四个交易日走低的影响。此外，软银旗下芯片设计子公司Arm Holdings在美股常规交易时段下跌了3.2%，其表现不及整体半导体板块，这也直接给母公司软银集团的股价带来了持续的下行压力。

Amid the broader technology rout in Asia, SoftBank Group shares suffered a severe blow, plunging more than 13% on Friday morning, June 26, 2026. The Japanese conglomerate led losses across the region, heavily pressured by overnight declines in U.S. technology stocks, which saw the Nasdaq Composite fall for a fourth consecutive session. Additionally, SoftBank's chip design unit, Arm Holdings, fell 3.2% in U.S. trading, underperforming the broader semiconductor sector and leaving the parent company's stock under significant pressure.

与此同时，市场关于OpenAI可能推迟上市的传闻进一步打击了投资者的信心。有报道称，由于难以在1万亿美元的估值下获得足够的市场需求，OpenAI正在考虑将首次公开募股（IPO）推迟至明年。这一消息令此前对这家ChatGPT开发商进行积极押注的投资者感到失望，并促使他们纷纷套现锁定利润。分析人士指出，尽管高通与Meta就新型AI数据中心芯片达成的协议最终会通过专利费惠及Arm，但Arm在中央处理器（CPU）市场面临着来自高通更具侵略性的竞争，加之OpenAI的IPO推迟传闻，共同限制了投资者对软银的追捧热情。

Investor sentiment was further dampened by reports that OpenAI is considering postponing its initial public offering until next year as it struggles to secure sufficient demand at a $1 trillion valuation. This potential delay disappointed investors who had made aggressive bets on the ChatGPT creator, triggering widespread profit-taking. Market strategists noted that while Qualcomm's new AI data center chip deal with Meta remains positive for Arm through royalty payments, Arm faces intensifying competition as Qualcomm expands into the central processing unit market, which, alongside the OpenAI IPO delay rumors, capped enthusiasm for SoftBank.

在这一轮席卷全球的科技股抛售潮中，亚洲半导体及科技产业链公司未能幸免，全线遭遇重挫。作为全球主要的内存芯片生产国，韩国的相关企业跌幅尤为惨烈。其中，SK海力士股价大跌超过10%，三星电子下跌约9%，而专注于科技领域的投资控股公司SK Square更是重挫约11%。此外，另一家韩国电子巨头LG电子也录得了6.8%的跌幅。这些核心企业的暴跌，直接拖累了韩国基准股指的整体表现。

The global technology sell-off severely impacted Asian semiconductor and technology supply chain companies, leading to widespread losses across the region. South Korea's major tech players suffered some of the steepest declines, with memory chip giant SK Hynix plunging more than 10% and Samsung Electronics losing around 9%. Additionally, SK Square, a technology-focused investment holding company, dropped about 11%, while LG Electronics fell 6.8%, compounding the downward pressure on the South Korean market.

日本和台湾的半导体巨头同样未能幸免。日本芯片测试设备制造商爱德万测试股价大跌超过10%，芯片制造设备巨头东京电子也下跌了5%以上。在台湾市场，全球晶圆代工龙头台积电下跌1.88%，而电子代工巨头鸿海也下跌了2.91%。整个亚洲半导体供应链的集体下挫，反映出在成本上升和需求不确定性的双重压力下，投资者对芯片行业前景的悲观情绪正在蔓延。

The damage extended to key semiconductor firms in Japan and Taiwan as well. In Japan, chip-testing equipment maker Advantest declined more than 10%, and semiconductor manufacturing equipment leader Tokyo Electron fell over 5%. Meanwhile, Taiwan's chipmaking giant TSMC slid 1.88%, and major electronics manufacturer Hon Hai dropped 2.91%. The broad-based retreat across these pivotal hardware and equipment providers highlights the deepening market anxiety surrounding the near-term outlook for the global semiconductor industry.

隔夜美股市场的走势为亚洲市场的暴跌埋下了伏笔。在2026年6月25日的交易中，纳斯达克综合指数下跌0.46%，录得自当年2月份以来的首次连续四个交易日下跌。尽管美光科技公布了超预期的财报，但苹果公司大跌6%的阴霾笼罩了整个科技板块，谷歌母公司Alphabet和Meta等科技巨头的股价也纷纷收跌。相比之下，标普500指数仅微跌0.01%，而道琼斯工业平均指数则逆势上涨71.72点，涨幅为0.14%。

The sharp decline in Asian markets followed a weak overnight session on Wall Street, where the tech-heavy Nasdaq Composite fell 0.46% on June 25, 2026, marking its first four-day losing streak since February. While Micron Technology reported stronger-than-expected earnings, the positive news was overshadowed by Apple's 6% plunge, which dragged down fellow tech giants including Alphabet and Meta Platforms. In contrast, the S&P 500 slipped a mere 0.01%, while the blue-chip Dow Jones Industrial Average rose 71.72 points, or 0.14%.

这种指数间的分化反映出美股市场明显的板块轮动迹象。面对科技股的持续调整，投资者开始将资金从科技板块撤出，转而流入医疗、金融和工业等传统板块。这一轮动过程伴随着市场对人工智能前景的激烈争论。随着基础设施和组件成本的飙升，全球投资者正在艰难地评估，过去一年多来由人工智能支出热潮带动的繁荣究竟是已经过度，还是仅仅处于刚刚开始的阶段。

This divergence highlighted a distinct rotation within the U.S. stock market, as investors moved capital away from technology names and into healthcare, financial, and industrial sectors. The shift reflects deepening market uncertainty as global investors continue to wrestle with the long-term outlook for artificial intelligence. With infrastructure and component costs rising rapidly, market participants are divided over whether the massive boom in artificial intelligence spending is overdone or just beginning.