<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，反映了美國股市在週四的表現。</p>
<p>在歐洲，德國 DAX 指數、法國 CAC 40 指數和英國 FTSE 100 指數均下跌超過 0.60%。備受關注的 Stoxx 50 指數下跌超過 1%，其成分股大多數處於虧損狀態。</p>
<p>亞洲也出現了同樣的崩盤，日經 225 指數、上海綜合指數、中國 A50 指數和恒生指數均下跌超過 2%。</p>
<p>更仔細觀察發現，只有俄羅斯的 MOEX 指數上漲，因有報道稱唐納德·特朗普正在推動烏克蘭與俄羅斯達成協議。該協議將使烏克蘭讓出土地，並同意縮減軍隊規模。美國也將解除對俄羅斯的制裁。</p>
<p>美國股市期貨也略有上漲。道瓊斯指數期貨上漲 162 點，而與標準普爾 500 指數和納斯達克 100 指數相關的期貨也小幅上漲。</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>全球股市今天崩盤 | 來源：Investing</p>
<h2>在人工智能泡沫擔憂中股市下跌</h2>
<p>全球股市正在崩盤，因為對人工智能行業的擔憂持續存在。一個很好的例子是英偉達，其股票在週四的盤前交易中飆升，但儘管前一天發佈了強勁的財報，仍然下跌。</p>
<p>英偉達的財報顯示，其上季度收入躍升至 570 億美元，高於中位數預期的 550 億美元。它預計第四季度收入將激增至 650 億美元，管理層預測其年收入將在短期內達到 5000 億美元。</p>
<p>儘管如此，人們仍然擔心人工智能行業處於泡沫中，因為許多公司尚未明確展示如何將技術變現。這也解釋了為什麼在當前的股市崩盤中，科技行業的公司表現最差。</p>
<p>美光的股價在週四崩盤 10%，成為納斯達克 100 指數中表現最差的股票。Datadog 的股價下跌 9.50%，而 AMD、Palo Alto Networks、Sandisk、Lam Research、Palantir、Marvell 和 ASML 等公司也在表現最差的行列中。</p>
<p>另一方面，沃爾瑪、再生元製藥、GE 醫療、Solventum、Brown Forman 和 Erie Indemnity 等傳統行業公司在標準普爾 500 指數中表現最佳。</p>
<p>一些全球主要股指對科技和人工智能行業的暴露有限。因此，當前的崩盤是由於全球指數之間的相關性。</p>
<h2>對美聯儲的擔憂依然存在</h2>
<p>股市崩盤還與美國勞工統計局（BLS）週四發佈的一份報告有關。該報告顯示，今年 9 月美國經濟新增超過 11 萬個就業崗位，表明勞動力市場在美國政府關門前正在穩定。</p>
<p>該報告發布之際，美聯儲內部仍存在分歧。一些美聯儲成員警告稱，通脹依然頑固高企，並呼籲在 12 月不要降息。週四，邁克爾·巴爾在一份聲明中表示：</p>
<blockquote>
<p>“我擔心我們看到的通脹仍在 3% 左右，而我們的目標是 2%，我們致力於實現這個 2% 的目標。因此，我們現在需要對貨幣政策保持謹慎和小心，因為我們希望確保實現我們使命的兩個方面。”</p>
</blockquote>
<p>其他一些官員如傑夫·施密德和貝絲·哈馬克也呼籲保持謹慎，警告稱降息將會延長通脹的持續時間。哈馬克表示：</p>
<blockquote>
<p>“降低利率以支持勞動力市場的做法有可能延長這一高通脹時期，並可能鼓勵金融市場的冒險行為。”</p>
</blockquote>
<p>當前的股市崩盤也與獲利了結有關，因為大多數主要指數都徘徊在歷史高位，一些分析師警告稱股市嚴重高估。</p>
<p>這篇文章《股市崩盤：全球股票今天下跌的原因》最初出現在 Invezz 上。</p>

英偉達

<p>全球股市在 11 月 21 日下跌，德國 DAX、法國 CAC 40 和英國 FTSE 100 等歐洲指數下跌超過 0.60%，而 Stoxx 50 指數下跌超過 1%。亞洲市場也大幅下挫，俄羅斯 MOEX 指數則上漲了 2%。此次崩盤歸因於對人工智能行業的擔憂、獲利了結以及對美聯儲貨幣政策的擔憂。科技股如英偉達、美光和 AMD 是主要的拖累者，而沃爾瑪和通用電氣醫療等傳統行業股票則上漲</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，反映了美國股市在週四的表現。</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>在歐洲，德國 DAX 指數、法國 CAC 40 指數和英國 FTSE 100 指數均下跌超過 0.60%。備受關注的 Stoxx 50 指數下跌超過 1%，其成分股大多數處於虧損狀態。</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>亞洲也出現了同樣的崩盤，日經 225 指數、上海綜合指數、中國 A50 指數和恒生指數均下跌超過 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>更仔細觀察發現，只有俄羅斯的 MOEX 指數上漲，因有報道稱唐納德·特朗普正在推動烏克蘭與俄羅斯達成協議。該協議將使烏克蘭讓出土地，並同意縮減軍隊規模。美國也將解除對俄羅斯的制裁。</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>美國股市期貨也略有上漲。道瓊斯指數期貨上漲 162 點，而與標準普爾 500 指數和納斯達克 100 指數相關的期貨也小幅上漲。</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>全球股市今天崩盤 | 來源：Investing</p>
</div><h2>Stock market down amid AI bubble jitters</h2>
<div class="lb-trans"><h2>在人工智能泡沫擔憂中股市下跌</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>全球股市正在崩盤，因為對人工智能行業的擔憂持續存在。一個很好的例子是英偉達，其股票在週四的盤前交易中飆升，但儘管前一天發佈了強勁的財報，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>英偉達的財報顯示，其上季度收入躍升至 570 億美元，高於中位數預期的 550 億美元。它預計第四季度收入將激增至 650 億美元，管理層預測其年收入將在短期內達到 5000 億美元。</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>儘管如此，人們仍然擔心人工智能行業處於泡沫中，因為許多公司尚未明確展示如何將技術變現。這也解釋了為什麼在當前的股市崩盤中，科技行業的公司表現最差。</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>美光的股價在週四崩盤 10%，成為納斯達克 100 指數中表現最差的股票。Datadog 的股價下跌 9.50%，而 AMD、Palo Alto Networks、Sandisk、Lam Research、Palantir、Marvell 和 ASML 等公司也在表現最差的行列中。</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，沃爾瑪、再生元製藥、GE 醫療、Solventum、Brown Forman 和 Erie Indemnity 等傳統行業公司在標準普爾 500 指數中表現最佳。</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>一些全球主要股指對科技和人工智能行業的暴露有限。因此，當前的崩盤是由於全球指數之間的相關性。</p>
</div><h2>Concerns about the Federal Reserve remains</h2>
<div class="lb-trans"><h2>對美聯儲的擔憂依然存在</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>股市崩盤還與美國勞工統計局（BLS）週四發佈的一份報告有關。該報告顯示，今年 9 月美國經濟新增超過 11 萬個就業崗位，表明勞動力市場在美國政府關門前正在穩定。</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>該報告發布之際，美聯儲內部仍存在分歧。一些美聯儲成員警告稱，通脹依然頑固高企，並呼籲在 12 月不要降息。週四，邁克爾·巴爾在一份聲明中表示：</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>“我擔心我們看到的通脹仍在 3% 左右，而我們的目標是 2%，我們致力於實現這個 2% 的目標。因此，我們現在需要對貨幣政策保持謹慎和小心，因為我們希望確保實現我們使命的兩個方面。”</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>其他一些官員如傑夫·施密德和貝絲·哈馬克也呼籲保持謹慎，警告稱降息將會延長通脹的持續時間。哈馬克表示：</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>“降低利率以支持勞動力市場的做法有可能延長這一高通脹時期，並可能鼓勵金融市場的冒險行為。”</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>當前的股市崩盤也與獲利了結有關，因為大多數主要指數都徘徊在歷史高位，一些分析師警告稱股市嚴重高估。</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>這篇文章《股市崩盤：全球股票今天下跌的原因》最初出現在 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，歐洲主要指數跌幅超過 0.60%。  
- 亞洲市場同樣遭遇重挫，日經 225 和滬指均下跌超過 2%。  
- 美聯儲的通脹擔憂和利潤回吐加劇了市場的下行壓力。  

股市崩盤：全球股市今日下跌的原因