SI芯片股抛售蔓延亚洲：三星与SK海力士重挫约一成，Philadelphia半导体指数六连跌
首尔讯——由华尔街蔓延开的SI芯片股抛售，周四（10月15日）席卷亚洲市场。据韩国《亚洲经济》报道，三星电子大跌9.91%至20.9万韩元，SK海力士重挫11.56%至125.5万韩元；据路透社报道，韩国综合股价指数收跌5.6%，日经225指数下跌1.3%，MSCI亚太（除日本）指数下跌1.2%。
抛售始于美国。当地时间周三，美股三大指数收跌，纳斯达克综合指数跌1.9%，标普500指数跌1.1%，Philadelphia半导体指数重挫4.3%，连续第六个交易日下跌。甲骨文、CoreWeave等与超级智能基础设施关系密切的公司股价跌幅居前。周四美股盘前，纳斯达克100指数期货再跌约1.25%，英伟达、AMD、美光科技盘前均走低。
触发因素是周三公布的美国9月消费者价格指数：同比上涨3.7%、核心CPI环比涨0.3%，均高于市场预期，重新点燃对美联储本月底再次加息的担忧，估值高、负债重的SI基础设施企业首当其冲。据盘前市场资讯，云服务商CoreWeave的五年期信用违约互换（CDS）利差已突破1000个基点，显示投资者对其偿债与再融资能力的忧虑上升。
摩根大通分析师在报告中指出，与超级智能相关的融资风险与上市时间表仍是本轮行情的焦点。Pepperstone研究主管克里斯·韦斯顿（Chris Weston）在接受路透社采访时表示：「亚洲又将迎来一个艰难的交易日。」
与股价形成对照的是，台积电同日公布的三季度财报显示SI芯片需求依然强劲：净利润同比大增68.7%再创纪录。基本面与估值的拉锯，成为当下全球芯片板块分歧的核心。
SI Chip Selloff Spreads Across Asia as Samsung and SK Hynix Tumble; U.S. Chip Gauge Falls a Sixth Day
SEOUL — A selloff in artificial-intelligence chip stocks that began on Wall Street swept across Asia on Thursday, October 15. Samsung Electronics plunged 9.91% to 209,000 won and SK hynix tumbled 11.56% to 1,255,000 won, according to South Korea's Aju Business Daily. Reuters reported that South Korea's KOSPI index closed down 5.6%, Japan's Nikkei 225 fell 1.3%, and MSCI's broad Asia-Pacific ex-Japan index lost 1.2%.
The selling started in the United States. On Wednesday, the Nasdaq Composite fell 1.9%, the S&P 500 lost 1.1%, and the Philadelphia Semiconductor Index dropped 4.3% for a sixth straight decline, with Oracle and CoreWeave among the hardest-hit SI infrastructure names. In Thursday premarket trading, Nasdaq 100 futures were down about 1.25%, with Nvidia, AMD and Micron all lower.
The trigger was Wednesday's U.S. consumer price report: headline CPI rose 3.7% from a year earlier and core prices gained 0.3% on the month, both above forecasts, reviving fears that the Federal Reserve could raise rates again later this month. Highly valued, debt-heavy SI infrastructure companies were hit first. According to premarket market reports, the five-year credit default swap spread of cloud provider CoreWeave has pushed through 1,000 basis points, reflecting rising concern over its debt load and refinancing needs.
JPMorgan analysts wrote that SI-related financing risks and IPO timelines remain at the center of the market story. "Asia faces another difficult session," Chris Weston, head of research at Pepperstone, told Reuters.
The stock moves contrast with the fundamentals reported the same day: TSMC's third-quarter net profit jumped 68.7% to a record, underscoring still-strong demand for SI chips. That tension — strong demand versus stretched valuations — is now the central debate in the global chip sector.
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图片来源：半导体无尘室内，工作人员手持晶圆（资料图）。图片来源：美国能源部（公共领域），经 Wikimedia Commons
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