{"id":8861,"date":"2026-02-11T17:38:59","date_gmt":"2026-02-11T09:38:59","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8861"},"modified":"2026-02-11T17:39:06","modified_gmt":"2026-02-11T09:39:06","slug":"%e7%be%8e%e8%82%a1%e5%8d%9a%e5%bc%88%e4%b8%8e%e5%ae%9e%e4%bd%93%e7%bb%8f%e6%b5%8e%e6%b7%b1%e5%ba%a6%e8%83%8c%e7%a6%bb%ef%bc%8cai%e9%a9%b1%e5%8a%a8%e5%81%9a%e7%a9%ba%e6%bd%ae%e5%8f%a0%e5%8a%a0%e5%9f%ba","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8861","title":{"rendered":"Tr\u00f2 ch\u01a1i ch\u1ee9ng kho\u00e1n Hoa K\u1ef3 r\u1ea5t kh\u00e1c bi\u1ec7t so v\u1edbi n\u1ec1n kinh t\u1ebf th\u1ef1c v\u00e0 l\u00e0n s\u00f3ng b\u00e1n kh\u1ed1ng do AI th\u00fac \u0111\u1ea9y k\u1ebft h\u1ee3p v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n y\u1ebfu d\u1eabn \u0111\u1ebfn r\u1ee7i ro k\u00e9p"},"content":{"rendered":"

D\u1ef1a tr\u00ean theo d\u00f5i chuy\u00ean s\u00e2u v\u00e0 ph\u00e2n t\u00edch chuy\u00ean nghi\u1ec7p v\u1ec1 d\u00f2ng v\u1ed1n ch\u1ee9ng kho\u00e1n Hoa K\u1ef3, lu\u00e2n chuy\u1ec3n ng\u00e0nh, d\u1eef li\u1ec7u c\u1ed1t l\u00f5i kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a Hoa K\u1ef3 v\u00e0 xu h\u01b0\u1edbng chuy\u1ec3n \u0111\u1ed5i c\u00f4ng nghi\u1ec7p, Wmax tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh hi\u1ec7n t\u1ea1i c\u1ee7a Hoa K\u1ef3 v\u00e0 n\u1ec1n kinh t\u1ebf th\u1ef1c \u0111ang th\u1ec3 hi\u1ec7n s\u1ef1 kh\u00e1c bi\u1ec7t hai chi\u1ec1u \u0111\u00e1ng k\u1ec3: M\u1ed9t m\u1eb7t, nh\u1eefng lo ng\u1ea1i v\u1ec1 AI ph\u00e1 ho\u1ea1i c\u00e1c m\u00f4 h\u00ecnh kinh doanh \u0111\u00e3 khi\u1ebfn c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111ang b\u00e1n kh\u1ed1ng c\u1ed5 phi\u1ebfu Hoa K\u1ef3 \u1edf m\u1ee9c cao k\u1ef7 l\u1ee5c, l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 c\u1ef1c k\u1ef3 chia r\u1ebd, c\u00e1c qu\u1ef9 \u0111ang chuy\u1ec3n sang c\u00e1c khu v\u1ef1c ph\u00f2ng th\u1ee7 v\u1edbi t\u1ed1c \u0111\u1ed9 nhanh ch\u00f3ng t\u1ed1c \u0111\u1ed9 v\u00e0 tr\u00f2 ch\u01a1i ch\u1ee9ng kho\u00e1n M\u1ef9 \u0111ang ng\u00e0y c\u00e0ng gay g\u1eaft; m\u1eb7t kh\u00e1c, \u0111\u1eb1ng sau m\u1ee9c cao m\u1edbi 50.000 \u0111i\u1ec3m c\u1ee7a Dow l\u00e0 s\u1ef1 y\u1ebfu k\u00e9m \u0111\u00e1ng k\u1ec3 trong ti\u00eau d\u00f9ng v\u00e0 vi\u1ec7c l\u00e0m c\u0169ng nh\u01b0 s\u1ef1 b\u1ea5t b\u00ecnh \u0111\u1eb3ng kinh t\u1ebf ng\u00e0y c\u00e0ng s\u00e2u s\u1eafc. \u0110\u1eb7c \u0111i\u1ec3m bong b\u00f3ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi t\u00ednh thanh kho\u1ea3n v\u00e0 hi\u1ec7u su\u1ea5t c\u1ee7a c\u00f4ng ngh\u1ec7 l\u1edbn, \u0111\u01b0\u1ee3c n\u00eau b\u1eadt. S\u1ef1 sai l\u1ec7ch n\u00e0y che gi\u1ea5u nguy c\u01a1 \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng v\u00e0 s\u1ebd g\u00e2y ra ph\u1ea3n \u1ee9ng d\u00e2y chuy\u1ec1n ch\u00ednh tr\u1ecb \u0111\u00e1ng k\u1ec3. \u0110\u00f3 l\u00e0 m\u00e2u thu\u1eabn c\u1ed1t l\u00f5i trong ho\u1ea1t \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a n\u1ec1n kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n Hoa K\u1ef3.<\/p>\n

<\/a>Xu h\u01b0\u1edbng b\u00e1n kh\u1ed1ng ch\u1ee9ng kho\u00e1n M\u1ef9 do AI th\u00fac \u0111\u1ea9y leo thang, l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 ph\u00e2n h\u00f3a th\u00e0nh \u0111\u1eb7c \u0111i\u1ec3m c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng<\/strong><\/p>\n

Ph\u00e2n t\u00edch c\u1ee7a Wmax d\u1ef1a tr\u00ean d\u1eef li\u1ec7u d\u00f2ng v\u1ed1n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh m\u00f4i gi\u1edbi h\u00e0ng \u0111\u1ea7u c\u1ee7a Goldman Sachs cho th\u1ea5y t\u00e2m l\u00fd gi\u1ea3m gi\u00e1 c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n M\u1ef9 \u0111\u00e3 l\u00ean \u0111\u1ebfn \u0111\u1ec9nh \u0111i\u1ec3m trong nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y do lo ng\u1ea1i ng\u00e0y c\u00e0ng t\u0103ng v\u1ec1 s\u1ef1 gi\u00e1n \u0111o\u1ea1n c\u1ee7a AI \u0111\u1ed1i v\u1edbi c\u00e1c m\u00f4 h\u00ecnh kinh doanh. T\u1eeb ng\u00e0y 30 th\u00e1ng 1 \u0111\u1ebfn ng\u00e0y 5 th\u00e1ng 2, quy m\u00f4 b\u00e1n kh\u1ed1ng danh ngh\u0129a \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n M\u1ef9 \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb khi h\u1ed3 s\u01a1 b\u1eaft \u0111\u1ea7u \u0111\u01b0\u1ee3c ghi nh\u1eadn v\u00e0o n\u0103m 2016, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng b\u00e1n kh\u1ed1ng v\u01b0\u1ee3t qu\u00e1 kh\u1ed1i l\u01b0\u1ee3ng mua v\u1edbi t\u1ef7 l\u1ec7 2:1. C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111\u00e3 b\u00e1n r\u00f2ng ch\u1ee9ng kho\u00e1n M\u1ef9 trong tu\u1ea7n th\u1ee9 t\u01b0 li\u00ean ti\u1ebfp, v\u1edbi t\u1ed1c \u0111\u1ed9 b\u00e1n r\u00f2ng t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb \"Ng\u00e0y gi\u1ea3i ph\u00f3ng\" v\u00e0o \u0111\u1ea7u th\u00e1ng 4 n\u0103m ngo\u00e1i v\u00e0 t\u00e2m l\u00fd b\u00e1n ra t\u1eadp trung. Trong s\u1ed1 \u0111\u00f3, sau khi Anthropic PBC tung ra c\u00e1c c\u00f4ng c\u1ee5 l\u00e0m vi\u1ec7c \u0111a ng\u00e0nh t\u1ef1 \u0111\u1ed9ng, 164 c\u1ed5 phi\u1ebfu trong l\u0129nh v\u1ef1c ph\u1ea7n m\u1ec1m, d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh v\u00e0 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n \u0111\u00e3 b\u1ed1c h\u01a1i 611 t\u1ef7 USD ch\u1ec9 trong m\u1ed9t tu\u1ea7n, tr\u1edf th\u00e0nh nguy\u00ean nh\u00e2n tr\u1ef1c ti\u1ebfp g\u00e2y ra l\u00e0n s\u00f3ng b\u00e1n kh\u1ed1ng.<\/p>\n

\"IMG_256\"<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t c\u1ef1c \u0111\u1ed9 c\u1ee7a l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 l\u00e0 \u0111\u1eb7c \u0111i\u1ec3m c\u1ed1t l\u00f5i c\u1ee7a s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng n\u00e0y, \u0111\u1ed3ng th\u1eddi n\u00f3 c\u0169ng kh\u1eb3ng \u0111\u1ecbnh nghi\u00ean c\u1ee9u v\u00e0 nh\u1eadn \u0111\u1ecbnh c\u1ee7a Wmax v\u1ec1 s\u1ef1 lu\u00e2n chuy\u1ec3n c\u1ee7a c\u00e1c ng\u00e0nh ch\u1ee9ng kho\u00e1n Hoa K\u1ef3 d\u01b0\u1edbi s\u1ef1 chuy\u1ec3n \u0111\u1ed5i c\u1ee7a ng\u00e0nh AI. L\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 th\u00f4ng tin \u0111\u00e3 tr\u1edf th\u00e0nh l\u0129nh v\u1ef1c b\u00e1n h\u00e0ng t\u1eadp trung nh\u1ea5t, v\u1edbi d\u00f2ng v\u1ed1n ch\u1ea3y ra \u0111\u1ea1t m\u1ee9c cao th\u1ee9 hai trong 5 n\u0103m qua. C\u1ed5 phi\u1ebfu ph\u1ea7n m\u1ec1m chi\u1ebfm \u01b0u th\u1ebf trong \u0111\u1ee3t b\u00e1n ra n\u00e0y, chi\u1ebfm t\u1edbi 75% doanh thu thu\u1ea7n c\u1ee7a ng\u00e0nh. T\u1ed5ng t\u1ef7 l\u1ec7 \u0111\u1ea7u t\u01b0 r\u00f2ng v\u00e0o c\u1ed5 phi\u1ebfu ph\u1ea7n m\u1ec1m c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 gi\u1ea3m xu\u1ed1ng 2,6% v\u00e0 t\u1ef7 l\u1ec7 d\u00e0i ng\u1eafn gi\u1ea3m xu\u1ed1ng 1,3, c\u1ea3 hai \u0111\u1ec1u \u1edf m\u1ee9c th\u1ea5p k\u1ef7 l\u1ee5c, ph\u1ea3n \u00e1nh t\u00e2m l\u00fd ng\u1ea1i r\u1ee7i ro m\u1ea1nh m\u1ebd c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong ng\u00e0nh ph\u1ea7n m\u1ec1m d\u01b0\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a AI. Ng\u01b0\u1ee3c l\u1ea1i, ch\u1ea5t b\u00e1n d\u1eabn v\u00e0 thi\u1ebft b\u1ecb, d\u1ecbch v\u1ee5 CNTT n\u1eb1m trong s\u1ed1 \u00edt l\u0129nh v\u1ef1c \u0111\u01b0\u1ee3c mua r\u00f2ng trong l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7. Ch\u1ec9 s\u1ed1 b\u00e1n d\u1eabn \u0111i ng\u01b0\u1ee3c l\u1ea1i xu h\u01b0\u1edbng v\u00e0 t\u0103ng v\u00e0o tu\u1ea7n tr\u01b0\u1edbc. Xu h\u01b0\u1edbng ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu chip v\u00e0 c\u1ed5 phi\u1ebfu ph\u1ea7n m\u1ec1m ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng, tr\u1edf th\u00e0nh m\u1ed9t \u0111\u1eb7c \u0111i\u1ec3m quan tr\u1ecdng trong ph\u00e2n b\u1ed5 v\u1ed1n c\u1ee7a c\u1ed5 phi\u1ebfu M\u1ef9 d\u01b0\u1edbi s\u1ef1 chuy\u1ec3n \u0111\u1ed5i c\u1ee7a ng\u00e0nh c\u00f4ng nghi\u1ec7p AI.<\/p>\n

B\u00ean ngo\u00e0i l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7, nhu c\u1ea7u ph\u00e2n b\u1ed5 v\u1ed1n ph\u00f2ng th\u1ee7 \u0111\u00e3 t\u0103ng l\u00ean \u0111\u00e1ng k\u1ec3 v\u00e0 l\u1ed9 tr\u00ecnh lu\u00e2n chuy\u1ec3n c\u1ee7a l\u0129nh v\u1ef1c qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111\u00e3 r\u00f5 r\u00e0ng. Wmax \u0111\u00e3 theo d\u00f5i r\u1eb1ng l\u0129nh v\u1ef1c ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe \u0111\u00e3 tr\u1edf th\u00e0nh ng\u00e0nh c\u00f3 s\u1ed1 l\u01b0\u1ee3ng mua r\u00f2ng nhi\u1ec1u nh\u1ea5t v\u00e0o tu\u1ea7n tr\u01b0\u1edbc v\u00e0 \u0111\u00e3 thay th\u1ebf l\u0129nh v\u1ef1c c\u00f4ng nghi\u1ec7p t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay tr\u1edf th\u00e0nh \u0111i\u1ec3m \u0111\u1ebfn ch\u00ednh cho d\u00f2ng v\u1ed1n c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9, n\u00eau b\u1eadt xu h\u01b0\u1edbng \u01b0a th\u00edch r\u1ee7i ro \u0111\u1ed1i v\u1edbi c\u00e1c qu\u1ef9. M\u1eb7c d\u00f9 ho\u1ea1t \u0111\u1ed9ng s\u0103n gi\u00e1 h\u1eddi \u0111\u00e3 th\u00fac \u0111\u1ea9y ch\u1ee9ng kho\u00e1n M\u1ef9 ph\u1ee5c h\u1ed3i nh\u1eb9 v\u00e0o th\u1ee9 S\u00e1u tu\u1ea7n tr\u01b0\u1edbc, nh\u01b0ng ch\u1ec9 s\u1ed1 Nasdaq 100 v\u1eabn ghi nh\u1eadn tu\u1ea7n t\u1ed3i t\u1ec7 nh\u1ea5t trong n\u0103m nay v\u00e0 \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh do l\u00e0n s\u00f3ng b\u00e1n kh\u1ed1ng g\u00e2y ra v\u1eabn ch\u01b0a gi\u1ea3m b\u1edbt \u0111\u00e1ng k\u1ec3.<\/p>\n

<\/a>Bong b\u00f3ng tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 v\u00e0 s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c l\u00e0 s\u1ef1 ph\u00e2n k\u1ef3 hai chi\u1ec1u, v\u00e0 c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n v\u1ec1 sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n ti\u1ebfp t\u1ee5c suy y\u1ebfu<\/strong><\/p>\n

Wmax \u0111\u00e3 k\u1ebft h\u1ee3p d\u1eef li\u1ec7u c\u1ed1t l\u00f5i t\u1eeb J.P. Morgan Asset Management, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale v\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c kh\u00e1c c\u0169ng nh\u01b0 nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 chuy\u00ean s\u00e2u c\u1ee7a ch\u00ednh h\u1ecd v\u1ec1 n\u1ec1n kinh t\u1ebf th\u1ef1c c\u1ee7a Hoa K\u1ef3 v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng s\u1ef1 b\u00f9ng n\u1ed5 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u1ee7a Ch\u1ec9 s\u1ed1 Trung b\u00ecnh C\u00f4ng nghi\u1ec7p Dow Jones v\u01b0\u1ee3t qu\u00e1 50.000 \u0111i\u1ec3m ho\u00e0n to\u00e0n tr\u00e1i ng\u01b0\u1ee3c v\u1edbi \u00e1p l\u1ef1c suy tho\u00e1i c\u1ea5u tr\u00fac c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c c\u1ee7a Hoa K\u1ef3. Bong b\u00f3ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m r\u00f5 r\u00e0ng. C\u00e1c gia \u0111\u00ecnh M\u1ef9 b\u00ecnh th\u01b0\u1eddng kh\u00f4ng \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb \"s\u1ef1 th\u1ecbnh v\u01b0\u1ee3ng kinh t\u1ebf\" v\u00e0 c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ed1t l\u00f5i c\u1ee7a sinh k\u1ebf ng\u01b0\u1eddi d\u00e2n ti\u1ebfp t\u1ee5c suy y\u1ebfu. S\u1ef1 sai l\u1ec7ch n\u00e0y kh\u00f4ng ph\u1ea3i do nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u00e0 l\u00e0 bi\u1ec3u hi\u1ec7n t\u1eadp trung c\u1ee7a c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n \u0111a chi\u1ec1u y\u1ebfu k\u00e9m nh\u01b0 ti\u00eau d\u00f9ng, vi\u1ec7c l\u00e0m v\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n. Theo nh\u1eadn \u0111\u1ecbnh c\u1ee7a Wmax, n\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u00e3 c\u00f3 kh\u1edfi \u0111\u1ea7u \u201ch\u1ed7n lo\u1ea1n\u201d trong qu\u00fd \u0111\u1ea7u ti\u00ean, v\u1edbi ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng s\u1ee5t gi\u1ea3m \u0111\u00e1ng k\u1ec3. Sau khi lo\u1ea1i tr\u1eeb c\u00e1c y\u1ebfu t\u1ed1 th\u00fac \u0111\u1ea9y t\u1ea1m th\u1eddi nh\u01b0 gi\u1ea3m thu\u1ebf v\u00e0 ki\u1ec3m tra gi\u1ea3m thu\u1ebf, \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c g\u1ea7n nh\u01b0 b\u1ecb \u0111\u00ecnh tr\u1ec7.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260211_170634\"<\/p>\n

D\u1eef li\u1ec7u c\u1ed1t l\u00f5i cho th\u1ea5y doanh s\u1ed1 b\u00e1n xe h\u1ea1ng nh\u1eb9 \u0111\u00e3 gi\u1ea3m m\u1ea1nh xu\u1ed1ng m\u1ee9c 14,9 tri\u1ec7u chi\u1ebfc trong th\u00e1ng 1, m\u1ee9c th\u1ea5p h\u00e0ng th\u00e1ng trong h\u01a1n ba n\u0103m; ng\u00e0nh du l\u1ecbch \u0111i v\u00e0o b\u1ebf t\u1eafc, v\u1edbi d\u1eef li\u1ec7u TSA cho th\u1ea5y m\u1ee9c t\u0103ng tr\u01b0\u1edfng b\u1eb1ng 0 trong th\u00e1ng 1 v\u00e0 t\u1ef7 l\u1ec7 l\u1ea5p \u0111\u1ea7y kh\u00e1ch s\u1ea1n gi\u1ea3m 1% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i; Th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n di\u1ec5n ra \u1ea3m \u0111\u1ea1m, v\u1edbi ch\u1ec9 s\u1ed1 d\u00f2ng ng\u01b0\u1eddi mua nh\u00e0 ti\u1ec1m n\u0103ng c\u1ee7a Hi\u1ec7p h\u1ed9i x\u00e2y d\u1ef1ng nh\u00e0 qu\u1ed1c gia gi\u1ea3m xu\u1ed1ng 23 (tr\u00ean 50 l\u00e0 l\u1ea1c quan), t\u1ef7 l\u1ec7 tr\u1ed1ng cho thu\u00ea t\u0103ng l\u00ean 7,2% (cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2017), v\u00e0 m\u1ee9c ti\u00eau th\u1ee5 b\u1ea5t \u0111\u1ed9ng s\u1ea3n y\u1ebfu k\u00e9m ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c truy\u1ec1n \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ti\u00eau d\u00f9ng t\u1ed5ng th\u1ec3. Th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m \u0111ang cho th\u1ea5y t\u00ecnh tr\u1ea1ng tr\u00ec tr\u1ec7 l\u00e0 \u201ctuy\u1ec3n d\u1ee5ng th\u1ea5p, sa th\u1ea3i th\u1ea5p v\u00e0 t\u0103ng tr\u01b0\u1edfng th\u1ea5p\u201d, m\u00e2u thu\u1eabn nghi\u00eam tr\u1ecdng v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd m\u00e0 ch\u00ednh ph\u1ee7 \u0111\u00e3 h\u1ee9a h\u1eb9n. Truy xu\u1ea5t ngu\u1ed3n g\u1ed1c d\u1eef li\u1ec7u Wmax cho th\u1ea5y s\u1ed1 l\u01b0\u1ee3ng vi\u1ec7c l\u00e0m c\u00f2n tr\u1ed1ng \u1edf Hoa K\u1ef3 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 5 n\u0103m, t\u1eeb 6,9 tri\u1ec7u v\u00e0o th\u00e1ng 11 n\u0103m 2025 xu\u1ed1ng c\u00f2n 6,5 tri\u1ec7u v\u00e0o th\u00e1ng 12. M\u1eb7c d\u00f9 quy m\u00f4 sa th\u1ea3i b\u1ecb h\u1ea1n ch\u1ebf, \u0111\u1ed9ng c\u01a1 t\u1ea1o vi\u1ec7c l\u00e0m \u0111\u00e3 b\u1ecb \u0111\u00ecnh tr\u1ec7 \u0111\u00e1ng k\u1ec3 v\u00e0 kho\u1ea3ng c\u00e1ch gi\u1eefa t\u1ef7 l\u1ec7 ng\u01b0\u1eddi lao \u0111\u1ed9ng c\u00f3 \u201cc\u01a1 h\u1ed9i vi\u1ec7c l\u00e0m d\u1ed3i d\u00e0o\u201d v\u00e0 \u201ckh\u00f3 t\u00ecm vi\u1ec7c l\u00e0m\u201d \u0111\u00e3 thu h\u1eb9p xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 2 n\u0103m 2021. Nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i l\u00e0 cu\u1ed9c kh\u1ee7ng ho\u1ea3ng nh\u00e2n kh\u1ea9u h\u1ecdc \u1edf Hoa K\u1ef3: d\u00e2n s\u1ed1 trong \u0111\u1ed9 tu\u1ed5i lao \u0111\u1ed9ng t\u1eeb 18-64 \u0111ang gi\u1ea3m 20.000 ng\u01b0\u1eddi m\u1ed7i th\u00e1ng, c\u00f9ng v\u1edbi t\u1ed1c \u0111\u1ed9 nh\u1eadp c\u01b0 r\u00f2ng ch\u1eadm l\u1ea1i. Trong b\u1ed1i c\u1ea3nh g\u1ea7n \u0111\u1ea1t t\u1edbi tr\u1ea1ng th\u00e1i to\u00e0n d\u1ee5ng lao \u0111\u1ed9ng, ngu\u1ed3n cung lao \u0111\u1ed9ng s\u1ee5t gi\u1ea3m \u0111\u00e3 h\u1ea1n ch\u1ebf t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m.<\/p>\n

B\u1ea5t b\u00ecnh \u0111\u1eb3ng kinh t\u1ebf gia t\u0103ng \u0111\u00e3 khi\u1ebfn d\u01b0 lu\u1eadn tr\u00ec tr\u1ec7, ni\u1ec1m tin c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 10 n\u0103m. Ph\u00e2n t\u00edch Wmax cho th\u1ea5y s\u1ef1 b\u00f9ng n\u1ed5 c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Hoa K\u1ef3 ch\u1ec9 mang l\u1ea1i l\u1ee3i \u00edch cho nh\u1eefng h\u1ed9 gia \u0111\u00ecnh gi\u00e0u c\u00f3 nh\u1ea5t v\u00e0 t\u1ed1c \u0111\u1ed9 t\u0103ng thu nh\u1eadp h\u1ed9 gia \u0111\u00ecnh trung b\u00ecnh \u0111\u00e3 t\u1ee5t h\u1eadu \u0111\u00e1ng k\u1ec3 so v\u1edbi m\u1ee9c trung b\u00ecnh. Kho\u1ea3ng c\u00e1ch gi\u1eefa hai b\u00ean s\u1ebd \u0111\u1ea1t 45% v\u00e0o n\u0103m 2024 v\u00e0 ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng trong nhi\u1ec1u th\u1eadp k\u1ef7. H\u1ea7u h\u1ebft ng\u01b0\u1eddi M\u1ef9 ch\u01b0a c\u1ea3m nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i \u00edch kinh t\u1ebf. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale v\u00e0 Wmax \u0111\u1ed3ng \u00fd: thu nh\u1eadp th\u1ef1c t\u1ebf c\u1ee7a h\u1ed9 gia \u0111\u00ecnh \u1edf Hoa K\u1ef3 kh\u00f4ng thay \u0111\u1ed5i trong kho\u1ea3ng s\u00e1u th\u00e1ng, v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m gi\u1ea3m xu\u1ed1ng 1%. T\u1ef7 l\u1ec7 ti\u1ebft ki\u1ec7m h\u1ed9 gia \u0111\u00ecnh \u0111\u00e3 gi\u1ea3m xu\u1ed1ng c\u00f2n 3,5%. Ngo\u00e0i s\u1ef1 suy gi\u1ea3m t\u1ea1m th\u1eddi do tr\u1ee3 c\u1ea5p ti\u00eau d\u00f9ng trong th\u1eddi k\u1ef3 \u0111\u1ea1i d\u1ecbch, n\u00f3 \u0111\u00e3 ch\u1ea1m m\u1ee9c th\u1ea5p nh\u1ea5t tr\u01b0\u1edbc cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh n\u0103m 2008. Sinh k\u1ebf v\u00e0 \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh c\u1ee7a ng\u01b0\u1eddi d\u00e2n \u0111ang \u0111\u00e1ng lo ng\u1ea1i.<\/p>\n

<\/a>S\u1ef1 sai l\u1ec7ch so v\u1edbi m\u00f4 h\u00ecnh d\u1eabn \u0111\u1ebfn r\u1ee7i ro k\u00e9p tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u00e0 ch\u00ednh tr\u1ecb. Cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa k\u1ef3 c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng.<\/strong><\/p>\n

Ph\u00e2n t\u00edch to\u00e0n di\u1ec7n c\u1ee7a Wmax cho th\u1ea5y s\u1ef1 kh\u00e1c bi\u1ec7t s\u00e2u s\u1eafc gi\u1eefa th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Hoa K\u1ef3 v\u00e0 n\u1ec1n kinh t\u1ebf th\u1ef1c kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng c\u00f3 th\u1ec3 s\u1eeda ch\u1eefa \u0111\u01b0\u1ee3c trong ng\u1eafn h\u1ea1n. \u0110\u1eb1ng sau \u0111\u00f3 l\u00e0 s\u1ef1 ch\u1ed3ng ch\u1ea5t c\u1ee7a t\u00e1c \u0111\u1ed9ng t\u1eeb s\u1ef1 chuy\u1ec3n \u0111\u1ed5i c\u1ee7a ng\u00e0nh AI, nh\u1eefng m\u00e2u thu\u1eabn s\u00e2u s\u1eafc trong ph\u00e2n b\u1ed5 d\u00e2n s\u1ed1 v\u00e0 thu nh\u1eadp c\u0169ng nh\u01b0 v\u00e1n b\u00e0i ch\u00ednh tr\u1ecb trong n\u0103m b\u1ea7u c\u1eed. M\u00f4 h\u00ecnh n\u00e0y s\u1ebd g\u00e2y ra r\u1ee7i ro \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng \u0111\u00e1ng k\u1ec3 v\u00e0 c\u00e1c ph\u1ea3n \u1ee9ng d\u00e2y chuy\u1ec1n ch\u00ednh tr\u1ecb, \u0111\u1ed3ng th\u1eddi cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa nhi\u1ec7m k\u1ef3 v\u00e0o th\u00e1ng 11 n\u0103m 2026 s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng. \u1ede c\u1ea5p \u0111\u1ed9 ch\u00ednh tr\u1ecb, s\u1ef1 b\u1ea5t m\u00e3n do s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c g\u00e2y ra s\u1ebd t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn n\u1ec1n t\u1ea3ng c\u1ee7a ch\u00ednh quy\u1ec1n Trump v\u00e0 x\u00e1c su\u1ea5t x\u1ea3y ra nh\u1eefng thay \u0111\u1ed5i trong cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa k\u1ef3 s\u1ebd t\u0103ng l\u00ean \u0111\u00e1ng k\u1ec3. M\u00f4 h\u00ecnh l\u1ecbch s\u1eed cho th\u1ea5y \u0111\u1ea3ng c\u1ea7m quy\u1ec1n m\u1ea5t trung b\u00ecnh 22 gh\u1ebf t\u1ea1i H\u1ea1 vi\u1ec7n trong cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa k\u1ef3. Hi\u1ec7n t\u1ea1i, ch\u00ednh quy\u1ec1n Trump ch\u1ec9 n\u1eafm gi\u1eef \u0111a s\u1ed1 m\u1ecfng manh l\u00e0 5 gh\u1ebf. J.P. Morgan Asset Management d\u1ef1 \u0111o\u00e1n r\u1eb1ng H\u1ea1 vi\u1ec7n c\u00f3 kh\u1ea3 n\u0103ng s\u1ebd quay tr\u1edf l\u1ea1i quy\u1ec1n ki\u1ec3m so\u00e1t c\u1ee7a \u0110\u1ea3ng D\u00e2n ch\u1ee7. Axios ch\u1ec9 ra r\u1eb1ng Th\u01b0\u1ee3ng vi\u1ec7n c\u0169ng \u0111ang g\u1eb7p nguy hi\u1ec3m.<\/p>\n

\"IMG_256\"<\/p>\n

Nh\u1eefng l\u1ee3i th\u1ebf b\u1ea7u c\u1eed tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a Trump - v\u1ea5n \u0111\u1ec1 nh\u1eadp c\u01b0 v\u00e0 kinh t\u1ebf - gi\u1edd \u0111\u00e3 tr\u1edf th\u00e0nh g\u00e1nh n\u1eb7ng h\u00e0nh ch\u00ednh. N\u1ebfu x\u1ea3y ra m\u1ed9t \u201cc\u01a1n \u0111\u1ed9ng \u0111\u1ea5t ch\u00ednh tr\u1ecb\u201d trong cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa k\u1ef3 v\u00e0 H\u1ea1 vi\u1ec7n v\u00e0 Th\u01b0\u1ee3ng vi\u1ec7n \u0111\u1ed5i ch\u1ee7, \u0111i\u1ec1u \u0111\u00f3 s\u1ebd d\u1eabn \u0111\u1ebfn b\u1ebf t\u1eafc ch\u00ednh tr\u1ecb \u1edf Washington, ch\u1ea5m d\u1ee9t kh\u1ea3 n\u0103ng k\u00edch th\u00edch t\u00e0i kh\u00f3a h\u01a1n n\u1eefa tr\u01b0\u1edbc n\u0103m 2028, v\u00e0 n\u1ec1n kinh t\u1ebf th\u1ef1c s\u1ef1 s\u1ebd m\u1ea5t \u0111i s\u1ef1 h\u1ed7 tr\u1ee3 quan tr\u1ecdng \u0111\u1ec3 s\u1eeda ch\u1eefa. \u1ede c\u1ea5p \u0111\u1ed9 th\u1ecb tr\u01b0\u1eddng, m\u00f4 h\u00ecnh b\u1ea5t th\u01b0\u1eddng \u201cPh\u1ed1 Wall \u0111i\u00ean cu\u1ed3ng \u1ee7ng h\u1ed9 n\u1ec1n kinh t\u1ebf th\u1ef1c\u201d l\u00e0 kh\u00f4ng b\u1ec1n v\u1eefng, v\u00e0 bong b\u00f3ng tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 ti\u1ec1m \u1ea9n nguy c\u01a1 \u0111i\u1ec1u ch\u1ec9nh. Wmax tin r\u1eb1ng m\u1ee9c cao hi\u1ec7n t\u1ea1i c\u1ee7a ch\u1ee9ng kho\u00e1n Hoa K\u1ef3 ph\u1ee5 thu\u1ed9c v\u00e0o t\u00ednh thanh kho\u1ea3n l\u1ecfng l\u1ebbo v\u00e0 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 l\u1edbn, thay v\u00ec s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c. S\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c cu\u1ed1i c\u00f9ng s\u1ebd \u0111\u01b0\u1ee3c truy\u1ec1n t\u1edbi th\u1ecb tr\u01b0\u1eddng v\u1ed1n: ti\u00eau d\u00f9ng y\u1ebfu \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p v\u00e0 t\u00ecnh tr\u1ea1ng vi\u1ec7c l\u00e0m tr\u00ec tr\u1ec7 h\u1ea1n ch\u1ebf ti\u00eau d\u00f9ng h\u1ed9 gia \u0111\u00ecnh. N\u1ebfu thanh kho\u1ea3n th\u1eaft ch\u1eb7t ho\u1eb7c hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 l\u1edbn kh\u00f4ng \u0111\u1ea1t k\u1ef3 v\u1ecdng, s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh do l\u00e0n s\u00f3ng b\u00e1n kh\u1ed1ng s\u1ebd m\u1ea1nh m\u1ebd h\u01a1n. Morgan Asset Management ch\u1ec9 ra r\u1eb1ng s\u1ef1 b\u1ea5t m\u00e3n v\u1ec1 kinh t\u1ebf c\u1ee7a c\u00f4ng ch\u00fang c\u00f3 th\u1ec3 gi\u1ea3m b\u1edbt trong ng\u1eafn h\u1ea1n, nh\u01b0ng n\u00f3 c\u00f3 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i v\u00e0o cu\u1ed1i n\u0103m nay, \u0111i\u1ec1u n\u00e0y s\u1ebd ng\u0103n ch\u1eb7n to\u00e0n di\u1ec7n t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf, l\u1ea1m ph\u00e1t, l\u00e3i su\u1ea5t v\u00e0 l\u1ee3i nhu\u1eadn t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh c\u1ee7a Hoa K\u1ef3 trong 12 th\u00e1ng t\u1edbi.<\/p>\n

<\/a>WmaxK\u1ebft lu\u1eadn c\u1ed1t l\u00f5i<\/strong><\/p>\n

S\u1ef1 sai l\u1ec7ch s\u00e2u s\u1eafc hi\u1ec7n nay gi\u1eefa th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Hoa K\u1ef3 v\u00e0 n\u1ec1n kinh t\u1ebf th\u1ef1c v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 s\u1ef1 ch\u1ed3ng ch\u1ea5t k\u00e9p gi\u1eefa t\u00e1c \u0111\u1ed9ng c\u1ee7a chuy\u1ec3n \u0111\u1ed5i c\u00f4ng nghi\u1ec7p v\u00e0 nh\u1eefng m\u00e2u thu\u1eabn s\u00e2u s\u1eafc trong n\u1ec1n kinh t\u1ebf: AI \u0111\u00e3 k\u00edch ho\u1ea1t vi\u1ec7c t\u00e1i c\u01a1 c\u1ea5u c\u00e1c m\u00f4 h\u00ecnh kinh doanh, g\u00e2y ra s\u1ef1 kh\u00e1c bi\u1ec7t h\u00f3a ng\u00e0nh v\u00e0 t\u00e2m l\u00fd b\u00e1n kh\u1ed1ng tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1ed1n, v\u00e0 ph\u00e2n b\u1ed5 v\u1ed1n ph\u00f2ng th\u1ee7 \u0111\u00e3 tr\u1edf th\u00e0nh xu h\u01b0\u1edbng ch\u1ee7 \u0111\u1ea1o trong ng\u1eafn h\u1ea1n; c\u00e1c v\u1ea5n \u0111\u1ec1 nh\u01b0 kh\u1ee7ng ho\u1ea3ng nh\u00e2n kh\u1ea9u h\u1ecdc v\u00e0 ph\u00e2n ph\u1ed1i thu nh\u1eadp m\u1ea5t c\u00e2n b\u1eb1ng \u0111\u00e3 d\u1eabn \u0111\u1ebfn s\u1ef1 y\u1ebfu k\u00e9m li\u00ean t\u1ee5c trong c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ed1t l\u00f5i nh\u01b0 ti\u00eau d\u00f9ng v\u00e0 vi\u1ec7c l\u00e0m, khi\u1ebfn n\u1ec1n kinh t\u1ebf th\u1ef1c g\u1eb7p kh\u00f3 kh\u0103n trong vi\u1ec7c h\u1ed7 tr\u1ee3 bong b\u00f3ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Trong ng\u1eafn h\u1ea1n, h\u00e0nh vi b\u00e1n kh\u1ed1ng c\u1ed5 phi\u1ebfu M\u1ef9 c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 s\u1ebd ti\u1ebfp t\u1ee5c, m\u00f4 h\u00ecnh ph\u00e2n h\u00f3a c\u1ee7a l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 s\u1ebd kh\u00f4ng b\u1ecb \u0111\u1ea3o ng\u01b0\u1ee3c nhanh ch\u00f3ng, xu h\u01b0\u1edbng c\u00e1c qu\u1ef9 chuy\u1ec3n sang l\u0129nh v\u1ef1c ph\u00f2ng th\u1ee7 nh\u01b0 ch\u0103m s\u00f3c y t\u1ebf s\u1ebd ng\u00e0y c\u00e0ng gia t\u0103ng, tr\u00f2 ch\u01a1i v\u00e0 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a ch\u1ee9ng kho\u00e1n M\u1ef9 s\u1ebd ti\u1ebfp t\u1ee5c gia t\u0103ng. V\u1ec1 l\u00e2u d\u00e0i, n\u1ebfu Hoa K\u1ef3 kh\u00f4ng th\u1ec3 gi\u1ea3i quy\u1ebft nh\u1eefng m\u00e2u thu\u1eabn c\u01a1 b\u1ea3n nh\u01b0 ngu\u1ed3n cung lao \u0111\u1ed9ng v\u00e0 ph\u00e2n ph\u1ed1i thu nh\u1eadp, n\u1ec1n kinh t\u1ebf th\u1ef1c s\u1ef1 s\u1ebd c\u00f2n l\u00e2u m\u1edbi c\u00f3 th\u1ec3 ph\u1ee5c h\u1ed3i. B\u1ebf t\u1eafc ch\u00ednh tr\u1ecb sau cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa k\u1ef3 s\u1ebd h\u1ea1n ch\u1ebf h\u01a1n n\u1eefa c\u00e1c n\u1ed7 l\u1ef1c ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a, h\u00ecnh th\u00e0nh m\u1ed9t chu k\u1ef3 ti\u00eau c\u1ef1c \u201cn\u1ec1n kinh t\u1ebf th\u1ef1c y\u1ebfu \u2192 n\u1ed7 l\u1ef1c ch\u00ednh s\u00e1ch h\u1ea1n ch\u1ebf \u2192 ni\u1ec1m tin th\u1ecb tr\u01b0\u1eddng suy y\u1ebfu \u2192 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111i\u1ec1u ch\u1ec9nh\u201d.<\/p>","protected":false},"excerpt":{"rendered":"

Nh\u1eefng lo ng\u1ea1i v\u1ec1 s\u1ef1 gi\u00e1n \u0111o\u1ea1n c\u1ee7a AI \u0111\u00e3 g\u00e2y ra \u0111\u1ee3t b\u00e1n kh\u1ed1ng c\u1ed5 phi\u1ebfu M\u1ef9 k\u1ef7 l\u1ee5c c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9. L\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 c\u1ef1c k\u1ef3 ph\u00e2n c\u1ef1c. C\u1ed5 phi\u1ebfu ph\u1ea7n m\u1ec1m b\u1ecb b\u00e1n th\u00e1o v\u00e0 ch\u1ea5t b\u00e1n d\u1eabn \u0111\u01b0\u1ee3c mua v\u00e0o. M\u1ee9c cao m\u1edbi 50.000 \u0111i\u1ec3m c\u1ee7a ch\u1ec9 s\u1ed1 Dow tr\u00e1i ng\u01b0\u1ee3c v\u1edbi s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c, v\u1edbi vi\u1ec7c ti\u00eau d\u00f9ng v\u00e0 vi\u1ec7c l\u00e0m suy y\u1ebfu c\u0169ng nh\u01b0 b\u1ea5t b\u00ecnh \u0111\u1eb3ng kinh t\u1ebf ng\u00e0y c\u00e0ng gia t\u0103ng. Cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa k\u1ef3 c\u00f3 th\u1ec3 l\u00e0 b\u01b0\u1edbc ngo\u1eb7t, kh\u1ea3 n\u0103ng cao l\u00e0 H\u1ea1 vi\u1ec7n s\u1ebd \u0111\u1ed5i ch\u1ee7, b\u1ebf t\u1eafc ch\u00ednh tr\u1ecb s\u1ebd h\u1ea1n ch\u1ebf k\u00edch th\u00edch t\u00e0i kh\u00f3a v\u00e0 h\u00ecnh th\u00e0nh chu k\u1ef3 ti\u00eau c\u1ef1c.<\/p>","protected":false},"author":1,"featured_media":8862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[621,623,622],"class_list":["post-8861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-621","tag-623","tag-622"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=8861"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8861\/revisions"}],"predecessor-version":[{"id":8866,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8861\/revisions\/8866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8862"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}