<p>TradingKey - 日本和韓國股市在週一（6 月 8 日）大幅低開，延續了上週美國科技股暴跌帶來的恐慌。日經 225 指數開盤下跌 0.9%，並迅速擴大跌幅，盤中一度下跌近 4%，觸及 63,987 的低點，隨後在跌破 64,000 心理關口後有所反彈。</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>半導體制造商 Kioxia 的股價一度暴跌 8.5%，而軟銀集團的股價下跌 9%。豐田汽車在 AI 浪潮中未曾顯著受益，表現相對堅韌。</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種因素共同驅動的。</p>
<p>此前，美國費城半導體指數（SOX）在 6 月 5 日（東部時間）暴跌 10.26%，創下自 2020 年 3 月以來的最大單日跌幅，因為博通在 AI 芯片銷售指引未達預期後暴跌超過 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>與此同時，美國 5 月份的非農就業人數遠超預期，導致市場對美聯儲恢復加息的預期激增，10 年期美國國債收益率回升至 4.5% 以上。</p>
<p>同樣重要但被許多投資者忽視的是，日元的持續疲軟抑制了外國投資者對日本股票的風險偏好，導致連續第二週出現淨賣出，美元/日元再次觸及日本央行的干預窗口 160。</p>
<p>今天日本股市的暴跌與韓國市場的熔斷機制共同構成了今年亞太股市最強的系統性修正。</p>
<p>日經 225 指數經歷了三天的下跌，年初至今的漲幅在經歷了一段由經濟復甦和 AI 供應鏈繁榮驅動的強勁表現後逐漸縮小。日本財政部的數據表明，上週日本股票的外資淨賣出創下今年新高，機構資本加速撤出。</p>
<p>投資者應關注即將發佈的日本第一季度 GDP 修正數據、日本央行在 6 月政策決定中的加息指引，以及 10 年期美國國債收益率的走勢。如果日經指數跌破 64,000 心理關口，下一關鍵支撐位將下移至 62,500 附近。</p>
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軟銀

2 倍做空日元 ETF - ProShares

<p>日經 225 指數在盤中下跌近 4%，延續了因美國科技股下跌、強勁的美國就業數據提升加息預期以及日元疲軟導致外資流出而引發的三連跌。這導致 Kioxia 和軟銀的股價大幅下滑。這標誌着亞太股市今年以來最強的系統性調整，年初至今的漲幅在投資者關注即將發佈的日本 GDP 數據和日本央行政策決定時逐漸縮小</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 - 日本和韓國股市在週一（6 月 8 日）大幅低開，延續了上週美國科技股暴跌帶來的恐慌。日經 225 指數開盤下跌 0.9%，並迅速擴大跌幅，盤中一度下跌近 4%，觸及 63,987 的低點，隨後在跌破 64,000 心理關口後有所反彈。</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>半導體制造商 Kioxia 的股價一度暴跌 8.5%，而軟銀集團的股價下跌 9%。豐田汽車在 AI 浪潮中未曾顯著受益，表現相對堅韌。</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種因素共同驅動的。</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，美國費城半導體指數（SOX）在 6 月 5 日（東部時間）暴跌 10.26%，創下自 2020 年 3 月以來的最大單日跌幅，因為博通在 AI 芯片銷售指引未達預期後暴跌超過 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>與此同時，美國 5 月份的非農就業人數遠超預期，導致市場對美聯儲恢復加息的預期激增，10 年期美國國債收益率回升至 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>同樣重要但被許多投資者忽視的是，日元的持續疲軟抑制了外國投資者對日本股票的風險偏好，導致連續第二週出現淨賣出，美元/日元再次觸及日本央行的干預窗口 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與韓國市場的熔斷機制共同構成了今年亞太股市最強的系統性修正。</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>日經 225 指數經歷了三天的下跌，年初至今的漲幅在經歷了一段由經濟復甦和 AI 供應鏈繁榮驅動的強勁表現後逐漸縮小。日本財政部的數據表明，上週日本股票的外資淨賣出創下今年新高，機構資本加速撤出。</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>投資者應關注即將發佈的日本第一季度 GDP 修正數據、日本央行在 6 月政策決定中的加息指引，以及 10 年期美國國債收益率的走勢。如果日經指數跌破 64,000 心理關口，下一關鍵支撐位將下移至 62,500 附近。</p>
</div><p>Find out more</p>
<div class="lb-trans"><p>瞭解更多</p>
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Nikkei Index Drops Nearly 4% at Open, Year-to-Date Gains Narrow, Kioxia and SoftBank Both Slump

日經指數開盤下跌近 4%，年初至今的漲幅收窄，鎧俠和軟銀集團均出現下跌