{"id":52498,"date":"2026-07-28T03:56:29","date_gmt":"2026-07-28T03:56:29","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh\/uncategorized\/52498\/"},"modified":"2026-07-28T03:56:29","modified_gmt":"2026-07-28T03:56:29","slug":"nikkei-225-slips-to-two-month-low-on-ai-driven-tech-selloff","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/analysis\/52498\/","title":{"rendered":"\u65e5\u7d93225\u6307\u6578\u53d7AI\u6982\u5ff5\u80a1\u5e36\u52d5\u7684\u79d1\u6280\u80a1\u62cb\u552e\u62d6\u7d2f\uff0c\u8dcc\u81f3\u5169\u500b\u6708\u4f4e\u4f4d"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/Nikkei2-2-1024x573-3.webp\" alt=\"\" class=\"wp-image-63092\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u91cd\u9ede<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u65e5\u7d93\u5e73\u5747\u6307\u6578\uff08Nikkei 225\uff0c\u65e5\u672c\u80a1\u5e02\u4e3b\u8981\u6307\u6578\uff09\u6025\u632b\uff0c\u534a\u5c0e\u9ad4\u53ca\u79d1\u6280\u80a1\u518d\u73fe\u62cb\u552e\u58d3\u529b\u3002<\/li>\n\n\n\n<li>\u53d7\u7f8e\u570b\u79d1\u6280\u80a1\u8f49\u5f31\u5f71\u97ff\uff0c\u65e5\u672c\u6676\u7247\u76f8\u95dc\u80a1\u4efd\u4e0b\u8dcc\uff0c\u5e02\u5834\u64d4\u5fc3AI\uff08\u4eba\u5de5\u667a\u80fd\uff09\u57fa\u5efa\u6295\u8cc7\uff08\u4f8b\u5982\u4f3a\u670d\u5668\u3001\u6578\u64da\u4e2d\u5fc3\uff09\u653e\u6162\uff0c\u62d6\u7d2f\u534a\u5c0e\u9ad4\u9700\u6c42\u3002<\/li>\n\n\n\n<li>\u611b\u5fb7\u842c\u6e2c\u8a66\uff08Advantest\uff09\u53ca\u6771\u4eac\u5a01\u529b\u79d1\u5275\uff08Tokyo Electron\uff09\u7b49\u534a\u5c0e\u9ad4\u80a1\u9818\u8dcc\u3002<\/li>\n\n\n\n<li>\u6295\u8cc7\u8005\u95dc\u6ce8\u5168\u7403AI\u958b\u652f\u8d70\u52e2\u3001\u534a\u5c0e\u9ad4\u9700\u6c42\u53ca\u79d1\u6280\u677f\u584a\u60c5\u7dd2\uff0c\u540c\u6642\u8a55\u4f30\u8ca8\u5e63\u653f\u7b56\u9810\u671f\uff08\u4f8b\u5982\u5229\u7387\u8d70\u5411\uff09\u5c0d\u5e02\u5834\u4f30\u503c\uff08\u80a1\u7968\u5b9a\u50f9\u6c34\u5e73\uff09\u7684\u5f71\u97ff\u3002<\/li>\n\n\n\n<li>\u65e5\u7d93\u5e73\u5747\u6307\u6578\u81ea\u8fd1\u671f\u9ad8\u4f4d\u56de\u843d\u5f8c\uff0c\u6b63\u8003\u9a5762,000\u9ede\u6c34\u5e73\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u7d93\u5e73\u5747\u6307\u6578\u5468\u4e8c\u4e0b\u8dcc\uff0c\u79d1\u6280\u53ca\u534a\u5c0e\u9ad4\u80a1\u518d\u73fe\u6cbd\u58d3\uff0c\u62d6\u7d2f\u65e5\u672c\u80a1\u5e02\u8868\u73fe\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6307\u6578\u56de\u843d\u81f3\u7d0462,000\u9ede\u9644\u8fd1\uff0c\u5ef6\u7e8c\u8fd1\u671f\u8dcc\u52e2\uff0c\u4e26\u89f8\u53ca\u7d04\u5169\u500b\u6708\u4f4e\u4f4d\u3002\u9694\u665a\u7f8e\u570b\u6676\u7247\u80a1\u8d70\u5f31\u5f8c\uff0c\u6295\u8cc7\u8005\u91cd\u65b0\u5be9\u8996AI\u6295\u8cc7\u589e\u9577\u80fd\u5426\u6301\u7e8c\uff0c\u4ee5\u53ca\u534a\u5c0e\u9ad4\u9700\u6c42\u524d\u666f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and left traders nervous about U.S. rate hikes, maybe as soon as this week. <a href=\"https:\/\/t.co\/gOcUqBYKuK\">https:\/\/t.co\/gOcUqBYKuK<\/a><\/p>&mdash; Reuters Africa (@ReutersAfrica) <a href=\"https:\/\/x.com\/ReutersAfrica\/status\/2081932703931175218?ref_src=twsrc%5Etfw\">July 28, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u8dcc\u52e2\u4ea6\u8513\u5ef6\u81f3\u4e9e\u6d32\u79d1\u6280\u80a1\uff0c\u5e02\u5834\u6182\u616eAI\u76f8\u95dc\u7684\u5927\u984d\u6295\u8cc7\u958b\u652f\u6216\u6703\u66f4\u53d7\u6295\u8cc7\u8005\u5be9\u8996\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4ea4\u6613\u54e1\u9ede\u89e3\u8981\u7559\u610f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u6b21\u56de\u8abf\u53cd\u6620\u65e5\u672c\u80a1\u5e02\u8207\u5168\u7403\u79d1\u6280\u5468\u671f\uff08\u79d1\u6280\u884c\u696d\u666f\u6c23\u4e0a\u843d\uff09\u95dc\u9023\u5ea6\u9ad8\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u534a\u5c0e\u9ad4\u677f\u584a\u53d7\u60e0\u65bc\u5148\u9032\u6676\u7247\u9700\u6c42\u3001AI\u57fa\u5efa\u53ca\u6578\u64da\u4e2d\u5fc3\u6295\u8cc7\uff08\u7528\u4f5c\u904b\u884c\u53ca\u5132\u5b58\u5927\u91cf\u8cc7\u6599\u7684\u6a5f\u623f\uff09\u589e\u52a0\u3002\u4e0d\u904e\uff0c\u5e02\u5834\u64d4\u5fc3\u5927\u578b\u79d1\u6280\u4f01\u696d\u53ef\u80fd\u91cd\u65b0\u8a55\u4f30AI\u76f8\u95dc\u8cc7\u672c\u958b\u652f\uff08capex\uff0c\u5373\u4f01\u696d\u8cb7\u8a2d\u5099\u3001\u5efa\u6578\u64da\u4e2d\u5fc3\u7b49\u7684\u6295\u8cc7\uff09\u7bc0\u594f\uff0c\u4ee4\u6676\u7247\u76f8\u95dc\u80a1\u4efd\u53d7\u58d3\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u62cb\u552e\u5f71\u97ff\u591a\u96bb\u79d1\u6280\u76f8\u95dc\u80a1\u4efd\uff0c\u5305\u62ec\u611b\u5fb7\u842c\u6e2c\u8a66\u53ca\u6771\u4eac\u5a01\u529b\u79d1\u5275\uff1b\u8edf\u9280\u96c6\u5718\uff08SoftBank Group\uff09\u4ea6\u4e0b\u8dcc\uff0c\u53cd\u6620\u6295\u8cc7\u8005\u964d\u4f4e\u5c0dAI\u6982\u5ff5\u8cc7\u7522\u7684\u6301\u5009\uff08\u6295\u8cc7\u6bd4\u91cd\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u6b63\u8a55\u4f30\u4eca\u6b21\u8f49\u5f31\u5c6c\u77ed\u7dda\u8abf\u6574\uff08\u5347\u5e45\u5f8c\u7684\u56de\u5410\uff09\u9084\u662f\u5c0dAI\u6982\u5ff5\u4f30\u503c\uff08\u5e02\u5834\u9858\u610f\u652f\u4ed8\u7684\u50f9\u683c\u6c34\u5e73\uff09\u4f5c\u66f4\u5168\u9762\u7684\u91cd\u65b0\u5b9a\u50f9\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u95dc\u9375\u6280\u8853\u4f4d<\/h2>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SPREADEX-NIKKEI\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">NIKKEI chart<\/span><\/a><span class=\"trademark\"> by TradingView<\/span><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-advanced-chart.js\" async>\n  {\n  \"allow_symbol_change\": true,\n  \"calendar\": false,\n  \"details\": false,\n  \"hide_side_toolbar\": true,\n  \"hide_top_toolbar\": false,\n  \"hide_legend\": false,\n  \"hide_volume\": false,\n  \"hotlist\": false,\n  \"interval\": \"D\",\n  \"locale\": \"en\",\n  \"save_image\": true,\n  \"style\": \"1\",\n  \"symbol\": \"SPREADEX:NIKKEI\",\n  \"theme\": \"dark\",\n  \"timezone\": \"Etc\/UTC\",\n  \"backgroundColor\": \"#0F0F0F\",\n  \"gridColor\": \"rgba(242, 242, 242, 0.06)\",\n  \"watchlist\": [],\n  \"withdateranges\": false,\n  \"compareSymbols\": [],\n  \"studies\": [],\n  \"width\": 900,\n  \"height\": 500\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u50f9\u4f4d<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u5e02\u5834\u95dc\u6ce8<\/td><\/tr><tr><td>65,000<\/td><td>\u91cd\u8981\u963b\u529b\u4f4d\uff08\u4e0a\u5347\u6642\u8f03\u6613\u9047\u5230\u6cbd\u58d3\u7684\u6c34\u5e73\uff09\u3002\u82e5\u91cd\u4e0a\u6b64\u4f4d\uff0c\u77ed\u7dda\u60c5\u7dd2\u6216\u6539\u5584\u3002<\/td><\/tr><tr><td>63,000<\/td><td>\u77ed\u7dda\u53cd\u5f48\u7684\u7b2c\u4e00\u95dc\u3002\u82e5\u5347\u7834\uff0c\u6216\u53cd\u6620\u8cb7\u76e4\u56de\u6d41\u3002<\/td><\/tr><tr><td>62,000<\/td><td>\u73fe\u6642\u652f\u6301\u4f4d\uff08\u4e0b\u8dcc\u6642\u8f03\u6613\u6709\u8cb7\u76e4\u627f\u63a5\uff09\u53ca\u5fc3\u7406\u95dc\u53e3\uff08\u5e02\u5834\u7279\u5225\u5728\u610f\u7684\u6574\u6578\u4f4d\uff09\u3002\u5b88\u7a69\u6709\u52a9\u6307\u6578\u4f01\u7a69\u3002<\/td><\/tr><tr><td>60,000<\/td><td>\u82e5\u6cbd\u58d3\u6301\u7e8c\uff0c\u4e0b\u4e00\u500b\u4e0b\u65b9\u652f\u6301\u4f4d\u3002<\/td><\/tr><tr><td>58,000<\/td><td>\u65e9\u524d\u6a6b\u884c\u6574\u56fa\u5340\uff08\u50f9\u683c\u5728\u4e00\u5b9a\u7bc4\u570d\u5167\u53cd\u8986\uff09\u7684\u8f03\u5927\u652f\u6301\u5340\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u7d93\u5e73\u5747\u6307\u6578\u81ea\u8fd1\u671f\u9ad8\u4f4d\u56de\u843d\u5f8c\uff0c\u73fe\u6b63\u6e2c\u8a6662,000\u9ede\u9644\u8fd1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u82e5\u56de\u5347\u4e26\u5347\u783463,000\u9ede\uff0c\u77ed\u7dda\u52d5\u80fd\uff08\u4e0a\u5347\u529b\u5ea6\uff09\u6216\u6539\u5584\uff0c65,000\u9ede\u963b\u529b\u6216\u6210\u70ba\u7126\u9ede\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5411\u4e0b\u65b9\u9762\uff0c\u82e5\u8dcc\u7a7f62,000\u9ede\uff0c\u6cbd\u58d3\u6216\u52a0\u5287\u4e26\u6307\u541160,000\u9ede\uff1b\u8dcc\u52e2\u5ef6\u7e8c\u5247\u53ef\u80fd\u4e0b\u8a6658,000\u9ede\u652f\u6301\u5340\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u770b\u597d\u8207\u770b\u6de1\u60c5\u666f<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/codeZmM0MGJhYjJlNTQxM2Y3MTJkYTc4Y2M4YmMxMzNiMWNfbzRPOTFhSFZVSmFBNERKaGVHMEpvRGNZcms4TTY4cW1fVG9rZW46WG14S2JVTnJEbzZDclp4NGZqbGw2MmpsZ3dmXzE3ODUyMTA0MDU6MTc4NTIxNDAwNV9WNAampadd_watermarktrueampscene_typeCCM.png\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u90e8\u7f72<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u89f8\u767c\u689d\u4ef6<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u53ef\u80fd\u5e02\u5834\u53cd\u61c9<\/td><\/tr><tr><td>\u5617\u8a66\u56de\u7a69<\/td><td>\u5b88\u4f4f62,000\u9ede\u652f\u6301<\/td><td>\u65e5\u7d93\u5e73\u5747\u6307\u6578\u6216\u5148\u4f01\u7a69\uff0c\u4e26\u541163,000\u9ede\u963b\u529b\u56de\u5347\u3002<\/td><\/tr><tr><td>\u5347\u52e2\u5ef6\u7e8c\uff08\u504f\u597d\uff09<\/td><td>\u5347\u7834\u4e26\u4f01\u7a6963,000\u9ede<\/td><td>\u52d5\u80fd\u6539\u5584\uff0c\u6216\u63a8\u52d5\u6307\u6578\u4e0a\u8a6665,000\u9ede\u963b\u529b\u5340\u3002<\/td><\/tr><tr><td>\u66f4\u5f37\u53cd\u5f48<\/td><td>\u5347\u783465,000\u9ede<\/td><td>\u82e5\u53cd\u5f48\u6301\u7e8c\uff0c\u6216\u53cd\u6620\u5e02\u5834\u5c0d\u65e5\u672c\u80a1\u5e02\u53ca\u79d1\u6280\u80a1\u4fe1\u5fc3\u56de\u5347\u3002<\/td><\/tr><tr><td>\u5340\u9593\u6574\u56fa<\/td><td>\u7dad\u6301\u572862,000\u81f363,000\u9ede\u4e4b\u9593<\/td><td>\u6307\u6578\u6216\u7e8c\u65bc\u5340\u9593\u4e0a\u843d\uff0c\u5e02\u5834\u89c0\u671bAI\u958b\u652f\u53ca\u534a\u5c0e\u9ad4\u9700\u6c42\u3002<\/td><\/tr><tr><td>\u5411\u4e0b\u8dcc\u7a7f\uff08\u504f\u6de1\uff09<\/td><td>\u8dcc\u7a7f62,000\u9ede<\/td><td>\u6cbd\u58d3\u6216\u52a0\u5927\uff0c60,000\u9ede\u652f\u6301\u6210\u7126\u9ede\u3002<\/td><\/tr><tr><td>\u8dcc\u52e2\u52a0\u6df1<\/td><td>\u8dcc\u7a7f60,000\u9ede<\/td><td>\u518d\u8dcc\u6216\u4e0b\u8a6658,000\u9ede\u652f\u6301\u5340\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u7d93\u5e73\u5747\u6307\u6578\u4ecd\u53d7\u58d3\uff0c\u6295\u8cc7\u8005\u91cd\u65b0\u8a55\u4f30AI\u6982\u5ff5\u4f30\u503c\u3001\u534a\u5c0e\u9ad4\u9700\u6c42\u53ca\u6574\u9ad4\u98a8\u96aa\u60c5\u7dd2\uff08\u5e02\u5834\u5c0d\u98a8\u96aa\u8cc7\u7522\u7684\u53d6\u614b\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u770b\u597d\u60c5\u666f\u9700\u8981\u8cb7\u65b9\u5b88\u4f4f62,000\u9ede\u652f\u6301\uff0c\u4e26\u63a8\u52d5\u6307\u6578\u91cd\u4e0a63,000\u9ede\uff1b\u82e5\u53cd\u5f48\u53ef\u6301\u7e8c\uff0c65,000\u9ede\u963b\u529b\u6216\u518d\u6210\u7126\u9ede\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u82e5\u65e5\u7d93\u5e73\u5747\u6307\u6578\u8dcc\u7a7f62,000\u9ede\uff0c\u770b\u6de1\u60c5\u666f\u6703\u8f49\u5f37\uff1b\u8dcc\u52e2\u5ef6\u7e8c\u6216\u4ee4\u6cbd\u58d3\u6307\u541160,000\u9ede\uff0c\u4e26\u53ef\u80fd\u4e0b\u8a6658,000\u9ede\u652f\u6301\u5340\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u514d\u8cac\u8072\u660e<\/em><\/p>\n\n\n\n\n<p class=\"wp-block-paragraph\"><b>\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 \u2014 \u70b9\u51fb<a href=\"https:\/\/www.vtmarkets.com\/zh\/trade-now\/?utm_source=DMI\">\u6b64\u5904<\/a>\u5f00\u8bbe\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>\u65e5\u7d93225\u6025\u632b\uff0c\u534a\u5c0e\u9ad4\/\u79d1\u7db2\u80a1\u7e8c\u906d\u62cb\u552e\uff1b\u53d7\u7f8e\u80a1\u6676\u7247\u5f31\u52e2\u62d6\u7d2f\uff0c\u5e02\u5834\u6182AI\u57fa\u5efa\u8cc7\u672c\u958b\u652f\u653e\u6162\u3002\u611b\u5fb7\u842c\u3001\u6771\u96fb\u9818\u8dcc\uff1b\u6307\u6578\u56de\u8a6662,000\u95dc\uff0c\u5931\u5b88\u6050\u770b60,000\u3002<\/p>\n","protected":false},"author":87,"featured_media":52497,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-52498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/52498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=52498"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/52498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media\/52497"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=52498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=52498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=52498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}