中美贸易阶段性缓和，关注通胀及降息进展：海外科技周报（25/10/27-25/10/31）-20251103

Market Overview - The Hang Seng Tech Index closed at 5908.1, down 2.5%, underperforming the Hang Seng Index by 1.5 percentage points[7] - The Philadelphia Semiconductor Index closed at 7228.7, up 3.6%, outperforming both the Nasdaq 100 and S&P 500 indices[7] Key Events - Cameco and Brookfield announced a transformative strategic partnership with the U.S. government to promote the large-scale deployment of Westinghouse nuclear reactor technology, with over $80 billion in financing and project approvals coordinated by the U.S. government[4][16] - The U.S. government will receive a 20% dividend right after distributing over $17.5 billion in profits from Westinghouse[4][16] Cryptocurrency Market - The total market capitalization of cryptocurrencies decreased to $3.64 trillion as of October 31, 2025, down from $3.70 trillion the previous week[19] - The total trading volume for cryptocurrencies was $186.43 billion, accounting for 5.12% of the total market capitalization[19] Investment Insights - The recent easing of U.S.-China trade tensions has led to a reduction in tariffs from 57% to 47%, boosting market confidence, although many measures are only effective for one year[4] - The expectation of further interest rate cuts has been tempered, with the Federal Reserve lowering the federal funds rate target range by 25 basis points to 3.75%-4.00%[4][31] Sector Performance - The AI energy sector showed strong performance, with top gainers including NUSCALE POWER (+19%) and Cameco (+16%), while the consumer electronics sector in Hong Kong declined[9][9] - The overall sentiment in the cryptocurrency market is currently in a state of fear, with a Fear and Greed Index reading of 31[21]