{"id":9142,"date":"2026-03-10T16:21:54","date_gmt":"2026-03-10T08:21:54","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=9142"},"modified":"2026-03-10T16:21:59","modified_gmt":"2026-03-10T08:21:59","slug":"%e4%b8%ad%e4%b8%9c%e5%86%b2%e7%aa%81%e5%bc%95%e7%88%86%e8%83%bd%e6%ba%90%e4%b8%8e%e5%b8%82%e5%9c%ba%e5%b7%a8%e9%9c%87%ef%bc%8c%e5%85%a8%e7%90%83%e9%99%b7%e5%85%a5%e5%9c%b0%e7%bc%98%e5%ae%9a%e4%bb%b7","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/9142","title":{"rendered":"Xung \u0111\u1ed9t \u1edf Trung \u0110\u00f4ng g\u00e2y ra c\u00fa s\u1ed1c l\u1edbn v\u1ec1 n\u0103ng l\u01b0\u1ee3ng v\u00e0 th\u1ecb tr\u01b0\u1eddng, th\u1ebf gi\u1edbi r\u01a1i v\u00e0o t\u00ecnh th\u1ebf kh\u00f3 x\u1eed v\u1ec1 \u0111\u1ecba gi\u00e1"},"content":{"rendered":"<p>T\u00ednh \u0111\u1ebfn ng\u00e0y 10 th\u00e1ng 3 n\u0103m 2026, xung \u0111\u1ed9t qu\u00e2n s\u1ef1 gi\u1eefa Hoa K\u1ef3, Israel v\u00e0 Iran ti\u1ebfp t\u1ee5c leo thang v\u00e0 \u0111ang g\u00e2y ra t\u00e1c \u0111\u1ed9ng d\u00e2y chuy\u1ec1n to\u00e0n di\u1ec7n t\u1eeb ph\u00eda n\u0103ng l\u01b0\u1ee3ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Ho\u1ea1t \u0111\u1ed9ng h\u00e0ng h\u1ea3i g\u1ea7n nh\u01b0 b\u1ebf t\u1eafc \u1edf eo bi\u1ec3n Hormuz \u0111\u00e3 khi\u1ebfn c\u00e1c n\u01b0\u1edbc s\u1ea3n xu\u1ea5t d\u1ea7u v\u00f9ng V\u1ecbnh leo thang c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng. Th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4 \u0111\u00e3 d\u00e0n d\u1ef1ng m\u1ed9t th\u1ecb tr\u01b0\u1eddng ho\u00e0nh tr\u00e1ng v\u00e0 c\u1ef1c \u0111oan. Gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt \u0111\u00e3 \u0111\u1ea3o ng\u01b0\u1ee3c ho\u00e0n to\u00e0n k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t to\u00e0n c\u1ea7u, \u0111\u1ea9y C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch. R\u1ee7i ro b\u00e1n th\u00e1o c\u1ed5 phi\u1ebfu M\u1ef9 ti\u1ebfp t\u1ee5c t\u0103ng m\u1ea1nh. Hi\u1ec7n t\u1ea1i, \u0111\u1ecba ch\u00ednh tr\u1ecb \u0111\u00e3 thay th\u1ebf ho\u00e0n to\u00e0n c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n v\u1ec1 cung v\u00e0 c\u1ea7u v\u00e0 tr\u1edf th\u00e0nh \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i c\u1ee7a vi\u1ec7c \u0111\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u. Th\u1ecb tr\u01b0\u1eddng b\u1ecb m\u1eafc k\u1eb9t trong s\u1ef1 bi\u1ebfn \u0111\u1ed9ng cao v\u00e0 kh\u00f4ng ch\u1eafc ch\u1eafn.<\/p>\n<p><a id=\"post-9142-heading_0\"><\/a><strong>Vi\u1ec7c \u0111\u00f3ng c\u1eeda eo bi\u1ec3n g\u00e2y ra s\u1ef1 leo thang c\u1eaft gi\u1ea3m s\u1ea3n xu\u1ea5t, l\u00e0m t\u0103ng nguy c\u01a1 thu h\u1eb9p ngu\u1ed3n cung d\u1ea7u th\u00f4<\/strong><\/p>\n<p>Cu\u1ed9c chi\u1ebfn \u1edf Trung \u0110\u00f4ng v\u1ec1 c\u01a1 b\u1ea3n \u0111\u00e3 c\u1ea3n tr\u1edf vi\u1ec7c di chuy\u1ec3n b\u00ecnh th\u01b0\u1eddng \u1edf eo bi\u1ec3n Hormuz. Vi\u1ec7c \u0111\u00f3ng c\u1eeda tuy\u1ebfn \u0111\u01b0\u1eddng th\u1ee7y n\u00e0y, n\u01a1i v\u1eadn chuy\u1ec3n g\u1ea7n 30% l\u01b0\u1ee3ng d\u1ea7u th\u00f4 giao d\u1ecbch tr\u00ean th\u1ebf gi\u1edbi, \u0111\u00e3 tr\u1ef1c ti\u1ebfp g\u00e2y ra chu\u1ed7i c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng c\u1ee7a c\u00e1c n\u01b0\u1edbc th\u00e0nh vi\u00ean OPEC v\u00e0 tr\u1edf th\u00e0nh nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i c\u1ee7a v\u00f2ng h\u1ed7n lo\u1ea1n n\u00e0y. C\u00e1c Ti\u1ec3u v\u01b0\u01a1ng qu\u1ed1c \u1ea2 R\u1eadp Th\u1ed1ng nh\u1ea5t \u0111\u00e3 m\u1edf r\u1ed9ng m\u1ee9c gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng d\u1ea7u th\u00f4 ngo\u00e0i kh\u01a1i h\u00e0ng ng\u00e0y l\u00ean 800.000 th\u00f9ng, v\u00e0 \u0111\u01b0\u1eddng \u1ed1ng d\u1eabn d\u1ea7u Fujairah \u0111i qua eo bi\u1ec3n n\u00e0y \u0111ang ho\u1ea1t \u0111\u1ed9ng g\u1ea7n h\u1ebft c\u00f4ng su\u1ea5t. Kuwait, qu\u1ed1c gia ho\u00e0n to\u00e0n ph\u1ee5 thu\u1ed9c v\u00e0o xu\u1ea5t kh\u1ea9u t\u1eeb eo bi\u1ec3n n\u00e0y, \u0111\u00e3 m\u1edf r\u1ed9ng m\u1ee9c c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng l\u00ean 350.000 th\u00f9ng m\u1ed7i ng\u00e0y, g\u1ea7n 14% t\u1ed5ng c\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t. Ch\u00ednh ph\u1ee7 \u0111\u00e3 ch\u00ednh th\u1ee9c tuy\u00ean b\u1ed1 doanh s\u1ed1 b\u00e1n x\u0103ng d\u1ea7u v\u00e0 c\u00e1c s\u1ea3n ph\u1ea9m l\u1ecdc d\u1ea7u g\u1eb7p tr\u01b0\u1eddng h\u1ee3p b\u1ea5t kh\u1ea3 kh\u00e1ng, c\u00f4ng su\u1ea5t ch\u1ebf bi\u1ebfn c\u1ee7a c\u00e1c nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u trong n\u01b0\u1edbc gi\u1ea3m 40%.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1014\" height=\"597\" class=\"wp-image-9144\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4.png 1014w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4-300x177.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4-768x452.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4-18x12.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4-900x530.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-4-600x353.png 600w\" sizes=\"(max-width: 1014px) 100vw, 1014px\" \/><\/p>\n<p>Hi\u1ec7n t\u1ea1i, Iraq \u0111\u00e3 \u0111\u00ecnh ch\u1ec9 ho\u00e0n to\u00e0n vi\u1ec7c s\u1ea3n xu\u1ea5t d\u1ea7u th\u00f4, nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u l\u1edbn nh\u1ea5t c\u1ee7a \u1ea2 R\u1eadp Saudi v\u1eabn \u0111\u00f3ng c\u1eeda v\u00e0 c\u00f4ng su\u1ea5t trung chuy\u1ec3n thay th\u1ebf c\u1ee7a n\u01b0\u1edbc n\u00e0y \u0111\u00e3 g\u1ea7n \u0111\u1ea1t \u0111\u1ebfn gi\u1edbi h\u1ea1n tr\u00ean. Nh\u00e0 m\u00e1y xu\u1ea5t kh\u1ea9u LNG l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi c\u1ee7a Qatar ng\u1eebng ho\u1ea1t \u0111\u1ed9ng ho\u00e0n to\u00e0n v\u00e0 kh\u00f4ng c\u00f3 l\u1ed9 tr\u00ecnh ph\u1ee5c h\u1ed3i C\u1ea3nh b\u00e1o m\u1edbi nh\u1ea5t c\u1ee7a JPMorgan Chase cho th\u1ea5y kho ch\u1ee9a d\u1ea7u c\u1ee7a Iraq \u0111\u00e3 c\u1ea1n ki\u1ec7t ho\u00e0n to\u00e0n, kho ch\u1ee9a d\u1ea7u c\u00f2n l\u1ea1i c\u1ee7a Kuwait ch\u1ec9 c\u00f2n ch\u01b0a \u0111\u1ea7y 3 ng\u00e0y, C\u00e1c Ti\u1ec3u v\u01b0\u01a1ng qu\u1ed1c \u1ea2 R\u1eadp Th\u1ed1ng nh\u1ea5t ch\u1ec9 c\u00f2n 7 ng\u00e0y v\u00e0 gi\u1edbi h\u1ea1n \u00e1p su\u1ea5t l\u01b0u tr\u1eef c\u1ee7a \u1ea2 R\u1eadp Saudi c\u0169ng \u0111\u00e3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 45 ng\u00e0y. Hi\u1ec7n nay, c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng \u1edf C\u00e1c Ti\u1ec3u v\u01b0\u01a1ng qu\u1ed1c \u1ea2 R\u1eadp Th\u1ed1ng nh\u1ea5t v\u00e0 Kuwait ti\u1ebfp t\u1ee5c b\u1ecb t\u1ea5n c\u00f4ng. Iran \u0111\u00e3 nh\u1eafc l\u1ea1i r\u1eb1ng h\u1ecd s\u1ebd th\u1ef1c hi\u1ec7n m\u1ed9t \"cu\u1ed9c ph\u1ea3n c\u00f4ng kh\u00f4ng gi\u1edbi h\u1ea1n\" v\u00e0 kh\u00f4ng c\u00f3 th\u1eddi gian bi\u1ec3u c\u1ee5 th\u1ec3 cho vi\u1ec7c n\u1ed1i l\u1ea1i ho\u1ea1t \u0111\u1ed9ng h\u00e0ng h\u1ea3i \u1edf eo bi\u1ec3n. M\u1eb7c d\u00f9 Trump tuy\u00ean b\u1ed1 r\u1eb1ng cu\u1ed9c xung \u0111\u1ed9t s\u1ebd \"k\u1ebft th\u00fac trong th\u1eddi gian ng\u1eafn\", nh\u01b0ng \u00f4ng \u0111\u1ed3ng th\u1eddi \u1ee7y quy\u1ec1n cho qu\u00e2n \u0111\u1ed9i M\u1ef9 t\u0103ng c\u01b0\u1eddng tri\u1ec3n khai \u1edf V\u1ecbnh Ba T\u01b0, c\u00e0ng l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam m\u1ed1i lo ng\u1ea1i v\u1ec1 th\u1ecb tr\u01b0\u1eddng.<\/p>\n<p><a id=\"post-9142-heading_1\"><\/a><strong>D\u1ea7u th\u00f4 g\u00e2y ch\u1ea5n \u0111\u1ed9ng kinh ho\u00e0ng, h\u00e0ng h\u00f3a h\u1ed7n lo\u1ea1n kh\u1eafp n\u01a1i<\/strong><\/p>\n<p>S\u1ef1 co l\u1ea1i c\u1ee9ng nh\u1eafc c\u1ee7a ph\u00eda cung \u0111\u00e3 g\u00e2y ra gi\u00e1 d\u1ea7u th\u00f4 c\u1ef1c cao. Ng\u00e0y 9\/3, d\u1ea7u th\u00f4 Brent t\u0103ng 29% trong ng\u00e0y, ch\u1ea1m g\u1ea7n 120 USD\/th\u00f9ng, l\u1eadp m\u1ee9c cao m\u1edbi k\u1ec3 t\u1eeb gi\u1eefa n\u0103m 2022. Sau \u0111\u00f3, n\u00f3 \u0111\u1ea3o chi\u1ec1u m\u1ea1nh v\u00e0 \u0111\u00f3ng c\u1eeda gi\u1ea3m, thi\u1ebft l\u1eadp kho\u1ea3ng c\u00e1ch t\u0103ng gi\u1ea3m trong ng\u00e0y l\u1edbn nh\u1ea5t trong l\u1ecbch s\u1eed; D\u1ea7u th\u00f4 WTI \u0111\u00e3 k\u00edch ho\u1ea1t b\u1ed9 ng\u1eaft m\u1ea1ch khi m\u1edf c\u1eeda v\u00e0o ng\u00e0y 10 th\u00e1ng 3 v\u00e0 m\u1ee9c gi\u1ea3m trong ng\u00e0y \u0111\u1ea1t 11%. T\u00ednh \u0111\u1ebfn phi\u00ean giao d\u1ecbch gi\u1eefa tr\u01b0a ch\u00e2u \u00c1 ng\u00e0y 10 th\u00e1ng 3, d\u1ea7u th\u00f4 Brent v\u00e0 WTI giao d\u1ecbch \u1edf m\u1ee9c l\u1ea7n l\u01b0\u1ee3t l\u00e0 102,7 USD v\u00e0 99,4 USD\/th\u00f9ng, m\u1ee9c t\u0103ng l\u0169y \u200b\u200bk\u1ebf h\u01a1n 22% so v\u1edbi tr\u01b0\u1edbc khi xung \u0111\u1ed9t n\u1ed5 ra. Bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd c\u1ee7a d\u1ea7u th\u00f4 Brent v\u1eabn \u1edf m\u1ee9c cao l\u1ecbch s\u1eed h\u01a1n 85%.<\/p>\n<p><img decoding=\"async\" width=\"963\" height=\"731\" class=\"wp-image-9145\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5.png 963w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5-300x228.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5-768x583.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5-16x12.png 16w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5-900x683.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-5-600x455.png 600w\" sizes=\"(max-width: 963px) 100vw, 963px\" \/><\/p>\n<p>M\u1eb7c d\u00f9 G7 \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111\u1ed3ng thu\u1eadn s\u01a1 b\u1ed9 v\u1ec1 vi\u1ec7c gi\u1ea3i ph\u00f3ng 60 tri\u1ec7u th\u00f9ng d\u1ef1 tr\u1eef d\u1ea7u chi\u1ebfn l\u01b0\u1ee3c, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng nh\u00ecn chung tin r\u1eb1ng quy m\u00f4 n\u00e0y ho\u00e0n to\u00e0n kh\u00f4ng th\u1ec3 l\u1ea5p \u0111\u1ea7y kho\u1ea3ng tr\u1ed1ng cung h\u00e0ng ng\u00e0y kho\u1ea3ng 17 tri\u1ec7u th\u00f9ng do eo bi\u1ec3n \u0111\u00f3ng c\u1eeda v\u00e0 r\u1ea5t kh\u00f3 \u0111\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c s\u1ef1 m\u1ea5t c\u00e2n \u0111\u1ed1i gi\u1eefa cung v\u00e0 c\u1ea7u. S\u1ef1 h\u1ed7n lo\u1ea1n c\u1ee7a d\u1ea7u th\u00f4 nhanh ch\u00f3ng qu\u00e9t qua t\u1ea5t c\u1ea3 c\u00e1c lo\u1ea1i h\u00e0ng h\u00f3a: Gi\u00e1 nh\u00f4m \u1edf London \u0111\u1ea1t m\u1ee9c cao m\u1edbi k\u1ec3 t\u1eeb n\u0103m 2022, b\u1ea1c gi\u1ea3m m\u1ea1nh g\u1ea7n 6% ch\u1ec9 trong m\u1ed9t ng\u00e0y v\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a v\u00e0ng suy y\u1ebfu; Gi\u00e1 LNG giao ngay t\u1ea1i Ch\u00e2u \u00c1 t\u0103ng g\u1ea5p \u0111\u00f4i so v\u1edbi tr\u01b0\u1edbc xung \u0111\u1ed9t, \u1ea4n \u0110\u1ed9, Th\u00e1i Lan v\u00e0 c\u00e1c n\u01b0\u1edbc kh\u00e1c r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng ho\u1ea3ng lo\u1ea1n mua h\u00e0ng giao ngay, \u0111\u1ed3ng th\u1eddi gi\u00e1 kh\u00ed \u0111\u1ed1t t\u1ef1 nhi\u00ean \u1edf Ch\u00e2u \u00c2u \u0111\u1ed3ng th\u1eddi t\u0103ng h\u01a1n 18%.<\/p>\n<p><a id=\"post-9142-heading_2\"><\/a><strong>C\u00fa s\u1ed1c gi\u00e1 d\u1ea7u \u0111\u1ea3o ng\u01b0\u1ee3c k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch, khi\u1ebfn Fed r\u01a1i v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan<\/strong><\/p>\n<p>Gi\u00e1 d\u1ea7u ti\u1ebfp t\u1ee5c v\u01b0\u1ee3t m\u1ee9c 100, \u0111i\u1ec1u n\u00e0y \u0111\u00e3 c\u01a1 c\u1ea5u l\u1ea1i ho\u00e0n to\u00e0n \u0111\u01b0\u1eddng l\u1ed1i ch\u00ednh s\u00e1ch c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e3 r\u01a1i v\u00e0o t\u00ecnh th\u1ebf tuy\u1ec7t v\u1ecdng trong vi\u1ec7c ch\u1ed1ng l\u1ea1m ph\u00e1t v\u00e0 \u1ed5n \u0111\u1ecbnh t\u0103ng tr\u01b0\u1edfng. Chi\u1ebfn l\u01b0\u1ee3c gia c\u1ea5p cao Ed Yardeni th\u1eb3ng th\u1eebng tuy\u00ean b\u1ed1 r\u1eb1ng gi\u00e1 d\u1ea7u ti\u1ebfp t\u1ee5c \u1edf m\u1ee9c cao s\u1ebd l\u00e0m m\u1ea5t c\u00e2n b\u1eb1ng ho\u00e0n to\u00e0n s\u1ee9 m\u1ec7nh k\u00e9p c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang: n\u00f3 kh\u00f4ng ch\u1ec9 \u0111\u1ea3o ng\u01b0\u1ee3c k\u1ebft qu\u1ea3 ch\u1ed1ng l\u1ea1m ph\u00e1t m\u00e0 c\u00f2n si\u1ebft ch\u1eb7t l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p v\u00e0 chi ti\u00eau h\u1ed9 gia \u0111\u00ecnh, \u0111\u1ea9y t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p l\u00ean cao, \u0111\u1ed3ng th\u1eddi ph\u00e1 v\u1ee1 ho\u00e0n to\u00e0n l\u1ed9 tr\u00ecnh c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t ban \u0111\u1ea7u, th\u1eadm ch\u00ed c\u1ea7n xem x\u00e9t vi\u1ec7c kh\u1edfi \u0111\u1ed9ng l\u1ea1i vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t.<\/p>\n<p><img decoding=\"async\" width=\"965\" height=\"727\" class=\"wp-image-9146\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6.png 965w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6-300x226.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6-768x579.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6-16x12.png 16w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6-900x678.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-6-600x452.png 600w\" sizes=\"(max-width: 965px) 100vw, 965px\" \/><\/p>\n<p>\u0110\u1ecbnh gi\u00e1 l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 tr\u1ea3i qua m\u1ed9t s\u1ef1 \u0111\u1ea3o ng\u01b0\u1ee3c l\u1ecbch s\u1eed: k\u1ef3 v\u1ecdng c\u1ee7a Fed v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 3 \u0111\u00e3 gi\u1ea3m m\u1ea1nh t\u1eeb 78% tr\u01b0\u1edbc xung \u0111\u1ed9t xu\u1ed1ng c\u00f2n 12%. \u0110\u1ed3ng th\u1eddi, c\u00f3 23% kh\u1ea3 n\u0103ng b\u1eaft \u0111\u1ea7u l\u1ea1i c\u00e1c \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 3 v\u00e0 k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong c\u1ea3 n\u0103m \u0111\u00e3 gi\u1ea3m t\u1eeb ba xu\u1ed1ng d\u01b0\u1edbi m\u1ed9t. T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t h\u00f2a v\u1ed1n trong 10 n\u0103m \u1edf Hoa K\u1ef3 \u0111\u00e3 t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong 8 th\u00e1ng l\u00e0 2,8% v\u00e0 nh\u1eefng lo ng\u1ea1i v\u1ec1 t\u00ecnh tr\u1ea1ng l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7 ti\u1ebfp t\u1ee5c \u00e2m \u1ec9. Ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong 6 th\u00e1ng l\u00e0 105,8, tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n duy nh\u1ea5t ti\u1ebfp t\u1ee5c m\u1ea1nh l\u00ean trong v\u00f2ng xung \u0111\u1ed9t n\u00e0y. C\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n truy\u1ec1n th\u1ed1ng nh\u01b0 tr\u00e1i phi\u1ebfu M\u1ef9, v\u00e0ng, \u0111\u1ed3ng y\u00ean Nh\u1eadt v\u00e0 \u0111\u1ed3ng franc Th\u1ee5y S\u0129 \u0111\u1ec1u gi\u1ea3m gi\u00e1. \u0110\u1ed3ng y\u00ean Nh\u1eadt gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ed1c 158 so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9, thi\u1ebft l\u1eadp m\u1ee9c th\u1ea5p m\u1edbi trong 32 n\u0103m.<\/p>\n<p><a id=\"post-9142-heading_3\"><\/a><strong>R\u1ee7i ro khi b\u00e1n c\u1ed5 phi\u1ebfu M\u1ef9 \u0111\u00e3 t\u0103ng m\u1ea1nh v\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c \u0111\u00e3 t\u0103ng c\u01b0\u1eddng ph\u00f2ng ng\u1eeba r\u1ee7i ro nh\u01b0ng v\u1eabn ch\u01b0a r\u00fat lui ho\u00e0n to\u00e0n.<\/strong><\/p>\n<p>L\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7 v\u00e0 s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 ch\u00ednh s\u00e1ch \u0111\u00e3 l\u00e0m gia t\u0103ng t\u00ecnh tr\u1ea1ng b\u00e1n th\u00e1o ch\u1ee9ng kho\u00e1n M\u1ef9. Yardeni \u0111\u00e3 n\u00e2ng x\u00e1c su\u1ea5t x\u1ea3y ra s\u1ef1 s\u1ee5p \u0111\u1ed5 c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 trong n\u0103m nay t\u1eeb 35% l\u00ean 40% v\u00e0 x\u00e1c su\u1ea5t x\u1ea3y ra s\u1ef1 gia t\u0103ng \u0111i\u00ean cu\u1ed3ng l\u00ean 2%. \u00d4ng c\u1ea3nh b\u00e1o gi\u00e1 d\u1ea7u v\u01b0\u1ee3t qu\u00e1 100 s\u1ebd k\u00e9o m\u1ee9c t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c c\u00f4ng ty thu\u1ed9c S&amp;P 500 \u0111i 5-8 \u0111i\u1ec3m ph\u1ea7n tr\u0103m; nh\u1eefng k\u1ef3 v\u1ecdng c\u01a1 b\u1ea3n c\u1ee7a n\u00f3 kh\u00f4ng thay \u0111\u1ed5i, v\u1edbi x\u00e1c su\u1ea5t 55% x\u1ea3y ra \"nh\u1eefng n\u0103m 2020 b\u00f9ng n\u1ed5\" v\u00e0 x\u00e1c su\u1ea5t 20% t\u00e1i di\u1ec5n t\u00ecnh tr\u1ea1ng l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7. D\u1eef li\u1ec7u c\u1ee7a Goldman Sachs cho th\u1ea5y t\u00ednh \u0111\u1ebfn ng\u00e0y 7 th\u00e1ng 3, c\u00e1c l\u1ec7nh b\u00e1n kh\u1ed1ng ch\u1ee9ng kho\u00e1n ETF c\u1ee7a qu\u1ef9 ph\u00f2ng h\u1ed9 Hoa K\u1ef3 \u0111\u00e3 t\u0103ng 8,3% v\u00e0 t\u0103ng th\u00eam 4,2% t\u1eeb ng\u00e0y 8 \u0111\u1ebfn ng\u00e0y 9 th\u00e1ng 3; S&amp;P 500 gi\u1ea3m 3,2% ch\u1ec9 trong m\u1ed9t tu\u1ea7n v\u00e0 Ch\u1ec9 s\u1ed1 s\u1ee3 bi\u1ebfn \u0111\u1ed9ng VIX v\u00e0 Goldman Sachs \u0111\u1ec1u \u1edf m\u1ee9c cao. C\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 ph\u00f2ng h\u1ed9 c\u00f3 c\u00e1ch b\u1ed1 tr\u00ed kh\u00e1c nhau, \u0111i ng\u01b0\u1ee3c l\u1ea1i xu h\u01b0\u1edbng v\u00e0 b\u1ed5 sung v\u1ecb th\u1ebf v\u00e0o c\u00e1c c\u1ed5 phi\u1ebfu n\u0103ng l\u01b0\u1ee3ng v\u00e0 h\u00e0ng ti\u00eau d\u00f9ng thi\u1ebft y\u1ebfu, \u0111\u1ed3ng th\u1eddi b\u00e1n c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 v\u00e0 h\u00e0ng ti\u00eau d\u00f9ng t\u00f9y \u00fd. Nh\u00ecn chung, xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng v\u1eabn l\u00e0 bi\u1ebfn s\u1ed1 c\u1ed1t l\u00f5i v\u00e0 h\u01b0\u1edbng \u0111i c\u1ee7a n\u00f3 quy\u1ebft \u0111\u1ecbnh gi\u00e1 d\u1ea7u, l\u1ea1m ph\u00e1t v\u00e0 t\u1ed1c \u0111\u1ed9 ch\u00ednh s\u00e1ch. N\u1ebfu c\u0103ng th\u1eb3ng kh\u00f4ng gi\u1ea3m b\u1edbt, bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng cao s\u1ebd ti\u1ebfp t\u1ee5c.<\/p>","protected":false},"excerpt":{"rendered":"<p>Xung \u0111\u1ed9t gi\u1eefa M\u1ef9 v\u00e0 Iran ti\u1ebfp t\u1ee5c leo thang, ho\u1ea1t \u0111\u1ed9ng \u0111i l\u1ea1i \u1edf eo bi\u1ec3n Hormuz g\u1ea7n nh\u01b0 b\u1ebf t\u1eafc v\u00e0 c\u00e1c n\u01b0\u1edbc s\u1ea3n xu\u1ea5t d\u1ea7u nh\u01b0 C\u00e1c Ti\u1ec3u v\u01b0\u01a1ng qu\u1ed1c \u1ea2 R\u1eadp Th\u1ed1ng nh\u1ea5t, Kuwait, Iraq, \u1ea2 R\u1eadp Saudi v\u00e0 Qatar \u0111\u00e3 leo thang c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng, khi\u1ebfn ngu\u1ed3n cung d\u1ea7u th\u00f4 thi\u1ebfu h\u1ee5t 17 tri\u1ec7u th\u00f9ng m\u1ed7i ng\u00e0y. Ng\u00e0y 9\/3, d\u1ea7u th\u00f4 Brent t\u0103ng 29% l\u00ean g\u1ea7n 120 USD r\u1ed3i \u0111\u1ea3o chi\u1ec1u, thi\u1ebft l\u1eadp kho\u1ea3ng c\u00e1ch t\u0103ng gi\u1ea3m trong ng\u00e0y l\u1edbn nh\u1ea5t l\u1ecbch s\u1eed. Gi\u00e1 d\u1ea7u v\u01b0\u1ee3t 100, \u0111\u1ea3o ng\u01b0\u1ee3c k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t to\u00e0n c\u1ea7u. X\u00e1c su\u1ea5t C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong th\u00e1ng 3 \u0111\u00e3 gi\u1ea3m m\u1ea1nh t\u1eeb 78% xu\u1ed1ng 12% v\u00e0 x\u00e1c su\u1ea5t b\u1eaft \u0111\u1ea7u l\u1ea1i \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t trong th\u00e1ng 3 \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 \u1edf m\u1ee9c 23%. R\u1ee7i ro b\u00e1n th\u00e1o c\u1ed5 phi\u1ebfu M\u1ef9 t\u0103ng m\u1ea1nh. Yardeni n\u00e2ng x\u00e1c su\u1ea5t s\u1ee5p \u0111\u1ed5 l\u00ean 40%. S&amp;P 500 gi\u1ea3m 3,2% ch\u1ec9 trong m\u1ed9t tu\u1ea7n v\u00e0 VIX \u0111ang ho\u1ea1t \u0111\u1ed9ng \u1edf m\u1ee9c cao. Xung \u0111\u1ed9t \u0111\u1ecba l\u00fd \u0111\u00e3 thay th\u1ebf c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n v\u1ec1 cung v\u00e0 c\u1ea7u v\u00e0 tr\u1edf th\u00e0nh \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i c\u1ee7a vi\u1ec7c \u0111\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n.<\/p>","protected":false},"author":1,"featured_media":9143,"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":[709,669,163],"class_list":["post-9142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-709","tag-669","tag-163"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9142","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=9142"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9142\/revisions"}],"predecessor-version":[{"id":9147,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9142\/revisions\/9147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/9143"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=9142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=9142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=9142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}