<p>TradingKey - 日本和韩国股市在周一（6 月 8 日）大幅低开，延续了上周美国科技股暴跌带来的恐慌。日经 225 指数开盘下跌 0.9%，并迅速扩大跌幅，盘中一度下跌近 4%，触及 63,987 的低点，随后在跌破 64,000 心理关口后有所反弹。</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260608/nikkei-225-index-bf9fed9cad7d4757b91f45c03900a8b1.jpg?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://resource.tradingkey.com/uploads/20260608/nikkei-225-index-bf9fed9cad7d4757b91f45c03900a8b1.jpg"/></p>
<p>半导体制造商 Kioxia 的股价一度暴跌 8.5%，而软银集团的股价下跌 9%。丰田汽车在 AI 浪潮中未曾显著受益，表现相对坚韧。</p>
<h2>日本股市暴跌的原因？</h2>
<p>日本股市的暴跌主要是由多种因素共同驱动的。</p>
<p>此前，美国费城半导体指数（SOX）在 6 月 5 日（东部时间）暴跌 10.26%，创下自 2020 年 3 月以来的最大单日跌幅，因为博通在 AI 芯片销售指引未达预期后暴跌超过 15%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260608/Non-Farm-fb6ce4fa32584617a4a012b24482dbeb.jpg?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://resource.tradingkey.com/uploads/20260608/Non-Farm-fb6ce4fa32584617a4a012b24482dbeb.jpg"/></p>
<p>与此同时，美国 5 月份的非农就业人数远超预期，导致市场对美联储恢复加息的预期激增，10 年期美国国债收益率回升至 4.5% 以上。</p>
<p>同样重要但被许多投资者忽视的是，日元的持续疲软抑制了外国投资者对日本股票的风险偏好，导致连续第二周出现净卖出，美元/日元再次触及日本央行的干预窗口 160。</p>
<p>今天日本股市的暴跌与韩国市场的熔断机制共同构成了今年亚太股市最强的系统性修正。</p>
<p>日经 225 指数经历了三天的下跌，年初至今的涨幅在经历了一段由经济复苏和 AI 供应链繁荣驱动的强劲表现后逐渐缩小。日本财政部的数据表明，上周日本股票的外资净卖出创下今年新高，机构资本加速撤出。</p>
<p>投资者应关注即将发布的日本第一季度 GDP 修正数据、日本央行在 6 月政策决定中的加息指引，以及 10 年期美国国债收益率的走势。如果日经指数跌破 64,000 心理关口，下一关键支撑位将下移至 62,500 附近。</p>
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软银

2 倍做空日圓 ETF - ProShares

<p>日经 225 指数在盘中下跌近 4%，延续了因美国科技股下跌、强劲的美国就业数据提升加息预期以及日元疲软导致外资流出而引发的三连跌。这导致 Kioxia 和软银的股价大幅下滑。这标志着亚太股市今年以来最强的系统性调整，年初至今的涨幅在投资者关注即将发布的日本 GDP 数据和日本央行政策决定时逐渐缩小</p>

<p>TradingKey - Japanese and South Korean stock markets opened significantly lower on Monday (June 8), extending the panic from last week's overnight plunge in U.S. tech stocks. The Nikkei 225 Index opened 0.9% lower and saw its decline widen rapidly, falling nearly 4% intraday to hit a low of 63,987, before recovering after dipping below the 64,000 psychological level.</p>
<div class="lb-trans"><p>TradingKey - 日本和韩国股市在周一（6 月 8 日）大幅低开，延续了上周美国科技股暴跌带来的恐慌。日经 225 指数开盘下跌 0.9%，并迅速扩大跌幅，盘中一度下跌近 4%，触及 63,987 的低点，随后在跌破 64,000 心理关口后有所反弹。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260608/nikkei-225-index-bf9fed9cad7d4757b91f45c03900a8b1.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20260608/nikkei-225-index-bf9fed9cad7d4757b91f45c03900a8b1.jpg"/></p>
<p>Shares of semiconductor manufacturer Kioxia tumbled as much as 8.5% at one point, while SoftBank Group shares dropped 9%. Toyota Motor, which had not previously benefited significantly from the AI wave, remained relatively resilient.</p>
<div class="lb-trans"><p>半导体制造商 Kioxia 的股价一度暴跌 8.5%，而软银集团的股价下跌 9%。丰田汽车在 AI 浪潮中未曾显著受益，表现相对坚韧。</p>
</div><h2>Reasons for the plunge in Japanese stocks?</h2>
<div class="lb-trans"><h2>日本股市暴跌的原因？</h2>
</div><p>The plunge in Japanese stocks was primarily driven by a confluence of multiple factors.</p>
<div class="lb-trans"><p>日本股市的暴跌主要是由多种因素共同驱动的。</p>
</div><p>Previously, the Philadelphia Semiconductor Index (SOX) in the U.S. plunged 10.26% last Friday, June 5 (ET), marking its largest single-day drop since March 2020, as Broadcom tumbled over 15% after its AI chip sales guidance missed expectations.</p>
<div class="lb-trans"><p>此前，美国费城半导体指数（SOX）在 6 月 5 日（东部时间）暴跌 10.26%，创下自 2020 年 3 月以来的最大单日跌幅，因为博通在 AI 芯片销售指引未达预期后暴跌超过 15%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20260608/Non-Farm-fb6ce4fa32584617a4a012b24482dbeb.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20260608/Non-Farm-fb6ce4fa32584617a4a012b24482dbeb.jpg"/></p>
<p>Meanwhile, U.S. non-farm payrolls for May far exceeded expectations, causing market expectations for the Federal Reserve to resume interest rate hikes to surge, with the 10-year U.S. Treasury yield returning above 4.5%.</p>
<div class="lb-trans"><p>与此同时，美国 5 月份的非农就业人数远超预期，导致市场对美联储恢复加息的预期激增，10 年期美国国债收益率回升至 4.5% 以上。</p>
</div><p>Equally significant but overlooked by many investors is that the persistent weakness of the yen has weighed on foreign risk appetite for Japanese equities, leading to a second consecutive week of net selling as USD/JPY once again touched the Bank of Japan's intervention window at 160.</p>
<div class="lb-trans"><p>同样重要但被许多投资者忽视的是，日元的持续疲软抑制了外国投资者对日本股票的风险偏好，导致连续第二周出现净卖出，美元/日元再次触及日本央行的干预窗口 160。</p>
</div><p>Today's plunge in Japanese stocks coupled with circuit breakers in South Korean markets, together forming the strongest systemic correction in Asia-Pacific equity markets this year.</p>
<div class="lb-trans"><p>今天日本股市的暴跌与韩国市场的熔断机制共同构成了今年亚太股市最强的系统性修正。</p>
</div><p>The Nikkei 225 has experienced a three-day losing streak, with year-to-date gains narrowing after a long period of strength driven by economic recovery and the AI supply chain boom. Data from Japan's Ministry of Finance shows that net foreign selling of Japanese stocks hit a new high for the year last week, as institutional capital accelerates its exit.</p>
<div class="lb-trans"><p>日经 225 指数经历了三天的下跌，年初至今的涨幅在经历了一段由经济复苏和 AI 供应链繁荣驱动的强劲表现后逐渐缩小。日本财政部的数据表明，上周日本股票的外资净卖出创下今年新高，机构资本加速撤出。</p>
</div><p>Investors should monitor the upcoming revised Q1 GDP data for Japan, the Bank of Japan's guidance on rate hikes in its June policy decision, and the movement of the 10-year U.S. Treasury yield. If the Nikkei falls below the 64,000 psychological level, the next key support level moves down to near 62,500.</p>
<div class="lb-trans"><p>投资者应关注即将发布的日本第一季度 GDP 修正数据、日本央行在 6 月政策决定中的加息指引，以及 10 年期美国国债收益率的走势。如果日经指数跌破 64,000 心理关口，下一关键支撑位将下移至 62,500 附近。</p>
</div><p>Find out more</p>
<div class="lb-trans"><p>了解更多</p>
</div>

Nikkei Index Drops Nearly 4% at Open, Year-to-Date Gains Narrow, Kioxia and SoftBank Both Slump

日经指数开盘下跌近 4%，年初至今的涨幅收窄，铠侠和软银集团均出现下跌