分析师:美债收益率飙升或冲击亚洲AI驱动的股市涨势

格隆汇
Aug 18
美债收益率快速攀升正成为亚洲人工智能驱动股市涨势面临的最大风险之一,这种令人担忧的联动关系凸显出科技企业对高融资成本的脆弱性。数据显示,过去五年中,在10年期美国国债收益率单周上升20个基点或以上的20周中,MSCI亚太指数有17周出现下跌,平均跌幅为1.7%。随着市场对美国财政状况的担忧加剧,全球债券市场跌势进一步扩大,这一联系再次受到关注。Vantage Global Prime分析师Hebe Chen表示:“全球债券市场若出现无序波动,势必会立即波及亚洲地区,尤其是随着AI热潮的发展,中国台湾和韩国等市场与美国科技周期及资金流动的联系越来越紧密。亚洲近期股市的主要涨势很大程度上集中在科技和AI领域,而这恰恰是对资本成本、贴现率上升、汇率波动以及全球经济基本面最为敏感的市场部分。”

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