<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/injective-wall-street.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/injective-wall-street.png"/></p>
<p>全球股市在今天（11 月 21 日）下跌，反映了美国股市在周四的表现。</p>
<p>在欧洲，德国 DAX 指数、法国 CAC 40 指数和英国 FTSE 100 指数均下跌超过 0.60%。备受关注的 Stoxx 50 指数下跌超过 1%，其成分股大多数处于亏损状态。</p>
<p>亚洲也出现了同样的崩盘，日经 225 指数、上海综合指数、中国 A50 指数和恒生指数均下跌超过 2%。</p>
<p>更仔细观察发现，只有俄罗斯的 MOEX 指数上涨，因有报道称唐纳德·特朗普正在推动乌克兰与俄罗斯达成协议。该协议将使乌克兰让出土地，并同意缩减军队规模。美国也将解除对俄罗斯的制裁。</p>
<p>美国股市期货也略有上涨。道琼斯指数期货上涨 162 点，而与标准普尔 500 指数和纳斯达克 100 指数相关的期货也小幅上涨。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/tock-Market-Down-1024x890.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/tock-Market-Down-1024x890.jpeg"/></p>
<p>全球股市今天崩盘 | 来源：Investing</p>
<h2>在人工智能泡沫担忧中股市下跌</h2>
<p>全球股市正在崩盘，因为对人工智能行业的担忧持续存在。一个很好的例子是英伟达，其股票在周四的盘前交易中飙升，但尽管前一天发布了强劲的财报，仍然下跌。</p>
<p>英伟达的财报显示，其上季度收入跃升至 570 亿美元，高于中位数预期的 550 亿美元。它预计第四季度收入将激增至 650 亿美元，管理层预测其年收入将在短期内达到 5000 亿美元。</p>
<p>尽管如此，人们仍然担心人工智能行业处于泡沫中，因为许多公司尚未明确展示如何将技术变现。这也解释了为什么在当前的股市崩盘中，科技行业的公司表现最差。</p>
<p>美光的股价在周四崩盘 10%，成为纳斯达克 100 指数中表现最差的股票。Datadog 的股价下跌 9.50%，而 AMD、Palo Alto Networks、Sandisk、Lam Research、Palantir、Marvell 和 ASML 等公司也在表现最差的行列中。</p>
<p>另一方面，沃尔玛、再生元制药、GE 医疗、Solventum、Brown Forman 和 Erie Indemnity 等传统行业公司在标准普尔 500 指数中表现最佳。</p>
<p>一些全球主要股指对科技和人工智能行业的暴露有限。因此，当前的崩盘是由于全球指数之间的相关性。</p>
<h2>对美联储的担忧依然存在</h2>
<p>股市崩盘还与美国劳工统计局（BLS）周四发布的一份报告有关。该报告显示，今年 9 月美国经济新增超过 11 万个就业岗位，表明劳动力市场在美国政府关门前正在稳定。</p>
<p>该报告发布之际，美联储内部仍存在分歧。一些美联储成员警告称，通胀依然顽固高企，并呼吁在 12 月不要降息。周四，迈克尔·巴尔在一份声明中表示：</p>
<blockquote>
<p>“我担心我们看到的通胀仍在 3% 左右，而我们的目标是 2%，我们致力于实现这个 2% 的目标。因此，我们现在需要对货币政策保持谨慎和小心，因为我们希望确保实现我们使命的两个方面。”</p>
</blockquote>
<p>其他一些官员如杰夫·施密德和贝丝·哈马克也呼吁保持谨慎，警告称降息将会延长通胀的持续时间。哈马克表示：</p>
<blockquote>
<p>“降低利率以支持劳动力市场的做法有可能延长这一高通胀时期，并可能鼓励金融市场的冒险行为。”</p>
</blockquote>
<p>当前的股市崩盘也与获利了结有关，因为大多数主要指数都徘徊在历史高位，一些分析师警告称股市严重高估。</p>
<p>这篇文章《股市崩盘：全球股票今天下跌的原因》最初出现在 Invezz 上。</p>

英伟达

<p>全球股市在 11 月 21 日下跌，德国 DAX、法国 CAC 40 和英国 FTSE 100 等欧洲指数下跌超过 0.60%，而 Stoxx 50 指数下跌超过 1%。亚洲市场也大幅下挫，俄罗斯 MOEX 指数则上涨了 2%。此次崩盘归因于对人工智能行业的担忧、获利了结以及对美联储货币政策的担忧。科技股如英伟达、美光和 AMD 是主要的拖累者，而沃尔玛和通用电气医疗等传统行业股票则上涨</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/injective-wall-street.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/09/injective-wall-street.png"/></p>
<p>The global stock market is going down today, Nov. 21, mirroring the performance of American shares on Thursday.</p>
<div class="lb-trans"><p>全球股市在今天（11 月 21 日）下跌，反映了美国股市在周四的表现。</p>
</div><p>In Europe, the German DAX, French CAC 40, and the British FTSE 100 fell by over 0.60%. The closely-watched Stoxx 50 Index dropped by over 1%, with most of its constituent companies being in the red.</p>
<div class="lb-trans"><p>在欧洲，德国 DAX 指数、法国 CAC 40 指数和英国 FTSE 100 指数均下跌超过 0.60%。备受关注的 Stoxx 50 指数下跌超过 1%，其成分股大多数处于亏损状态。</p>
</div><p>The same crash happened in Asia, where the Nikkei 225, Shanghai Composite, China A50, and the Hang Seng indices plunged by over 2%.</p>
<div class="lb-trans"><p>亚洲也出现了同样的崩盘，日经 225 指数、上海综合指数、中国 A50 指数和恒生指数均下跌超过 2%。</p>
</div><p>A closer look shows that just Russia’s MOEX Index was up as it jumped by 2% after a report showed that Donald Trump was pushing Ukraine to reach an agreement with Russia. Such a deal would see Ukraine cede land and agree to reducing the size of its military. The US would also remove Russian sanctions.</p>
<div class="lb-trans"><p>更仔细观察发现，只有俄罗斯的 MOEX 指数上涨，因有报道称唐纳德·特朗普正在推动乌克兰与俄罗斯达成协议。该协议将使乌克兰让出土地，并同意缩减军队规模。美国也将解除对俄罗斯的制裁。</p>
</div><p>US stock market futures were also up a bit. Dow Jones Index futures rose by 162 points, while those tied to the S&amp;P 500 and the Nasdaq 100 were up marginally.</p>
<div class="lb-trans"><p>美国股市期货也略有上涨。道琼斯指数期货上涨 162 点，而与标准普尔 500 指数和纳斯达克 100 指数相关的期货也小幅上涨。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/tock-Market-Down-1024x890.jpeg" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/tock-Market-Down-1024x890.jpeg"/></p>
<p>Global stocks are crashing today | Source: Investing</p>
<div class="lb-trans"><p>全球股市今天崩盘 | 来源：Investing</p>
</div><h2>Stock market down amid AI bubble jitters</h2>
<div class="lb-trans"><h2>在人工智能泡沫担忧中股市下跌</h2>
</div><p>The global stock market is crashing as jitters on the artificial intelligence industry continued. A good example of this is Nvidia whose stock surged in the premarket session on Thursday and then fell despite publishing strong financial results a day earlier.</p>
<div class="lb-trans"><p>全球股市正在崩盘，因为对人工智能行业的担忧持续存在。一个很好的例子是英伟达，其股票在周四的盘前交易中飙升，但尽管前一天发布了强劲的财报，仍然下跌。</p>
</div><p>Nvidia’s results showed that its revenue jumped to $57 billion in the last quarter, higher than the median estimate of $55 billion. It expects that its fourth quarter revenue will surge to $65 billion, with the management predicting that its annual revenue will get to $500 billion in the near term.</p>
<div class="lb-trans"><p>英伟达的财报显示，其上季度收入跃升至 570 亿美元，高于中位数预期的 550 亿美元。它预计第四季度收入将激增至 650 亿美元，管理层预测其年收入将在短期内达到 5000 亿美元。</p>
</div><p>Still, there are concerns that the AI industry is in a bubble as many companies have not demonstrated properly how they will monetize the technology. This explains why the top laggards in the ongoing stock market crash are companies in the tech industry.</p>
<div class="lb-trans"><p>尽管如此，人们仍然担心人工智能行业处于泡沫中，因为许多公司尚未明确展示如何将技术变现。这也解释了为什么在当前的股市崩盘中，科技行业的公司表现最差。</p>
</div><p>Micron stock pricecrashed by 10% on Thursday, making it the top laggard in the Nasdaq 100 Index. Datadog stock fell by 9.50%, while companies like AMD, Palo Alto Networks, Sandisk, Lam Research, Palantir, Marvell, and ASML were among the top laggards.</p>
<div class="lb-trans"><p>美光的股价在周四崩盘 10%，成为纳斯达克 100 指数中表现最差的股票。Datadog 的股价下跌 9.50%，而 AMD、Palo Alto Networks、Sandisk、Lam Research、Palantir、Marvell 和 ASML 等公司也在表现最差的行列中。</p>
</div><p>On the other hand, companies in traditional industries like Walmart, Regeneron Pharmaceuticals, GE Healthcare, Solventum, Brown Forman, and Erie Indemnity were the top gainers in the S&amp;P 500 Index.</p>
<div class="lb-trans"><p>另一方面，沃尔玛、再生元制药、GE 医疗、Solventum、Brown Forman 和 Erie Indemnity 等传统行业公司在标准普尔 500 指数中表现最佳。</p>
</div><p>Some top global stock indices have a limited exposure to the technology and AI industries. As such, the ongoing crash is because of the correlation that happens among global indices.</p>
<div class="lb-trans"><p>一些全球主要股指对科技和人工智能行业的暴露有限。因此，当前的崩盘是由于全球指数之间的相关性。</p>
</div><h2>Concerns about the Federal Reserve remains</h2>
<div class="lb-trans"><h2>对美联储的担忧依然存在</h2>
</div><p>The stock market crash is also happening because of a report released by the Bureau of Labor Statistics (BLS) on Thursday. This report showed that the American economy added over 110k jobs in September this year, a sign the labor market was stabilizing ahead of the US government shutdown.</p>
<div class="lb-trans"><p>股市崩盘还与美国劳工统计局（BLS）周四发布的一份报告有关。该报告显示，今年 9 月美国经济新增超过 11 万个就业岗位，表明劳动力市场在美国政府关门前正在稳定。</p>
</div><p>The report came as divisions at the Federal Reserve continued. Some Fed members have warned that inflation remains stubbornly high and urged against cutting in December. In a statement on Thursday, Michael Barr said:</p>
<div class="lb-trans"><p>该报告发布之际，美联储内部仍存在分歧。一些美联储成员警告称，通胀依然顽固高企，并呼吁在 12 月不要降息。周四，迈克尔·巴尔在一份声明中表示：</p>
</div><blockquote>
<p>“I am concerned that we’re seeing inflation still at around 3% and our target is 2%, and we’re committed to getting to that 2% target. So we need to be careful and cautious now about monetary policy, because we want to make sure that we’re achieving both sides of our mandate.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“我担心我们看到的通胀仍在 3% 左右，而我们的目标是 2%，我们致力于实现这个 2% 的目标。因此，我们现在需要对货币政策保持谨慎和小心，因为我们希望确保实现我们使命的两个方面。”</p>
</blockquote>
</div><p>Some other official like Jeff Schmid and Beth Hammack have urged for caution, warning that cuts will prolong inflation over time. Hammack said:</p>
<div class="lb-trans"><p>其他一些官员如杰夫·施密德和贝丝·哈马克也呼吁保持谨慎，警告称降息将会延长通胀的持续时间。哈马克表示：</p>
</div><blockquote>
<p>“Lowering interest rates to support the labor market risks prolonging this period of elevated inflation, and it could also encourage risk-taking in financial markets.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“降低利率以支持劳动力市场的做法有可能延长这一高通胀时期，并可能鼓励金融市场的冒险行为。”</p>
</blockquote>
</div><p>The ongoing stock market crash is also because of profit taking since most of the top indices are hovering at their all-time highs, with some analysts warning that the stock market was highly overvalued.</p>
<div class="lb-trans"><p>当前的股市崩盘也与获利了结有关，因为大多数主要指数都徘徊在历史高位，一些分析师警告称股市严重高估。</p>
</div><p>The post Stock market crash: here’s why global equities are down today appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章《股市崩盘：全球股票今天下跌的原因》最初出现在 Invezz 上。</p>
</div>

Stock market crash: here’s why global equities are down today

- 全球股市在 11 月 21 日下跌，欧洲主要指数跌幅超过 0.60%。  
- 亚洲市场同样遭遇重挫，日经 225 和沪指均下跌超过 2%。  
- 美联储的通胀担忧和利润回吐加剧了市场的下行压力。  

股市崩盘：全球股市今日下跌的原因