{"id":26710,"date":"2025-05-14T09:48:00","date_gmt":"2025-05-14T02:48:00","guid":{"rendered":"https:\/\/edutrade.vn\/?p=26710"},"modified":"2025-05-14T09:48:00","modified_gmt":"2025-05-14T02:48:00","slug":"gioi-sieu-giau-chau-a-rut-von-khoi-my","status":"publish","type":"post","link":"https:\/\/edutrade.vn\/en\/gioi-sieu-giau-chau-a-rut-von-khoi-my\/","title":{"rendered":"Gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9 do ch\u00ednh s\u00e1ch kh\u00f3 \u0111o\u00e1n \u0111\u1ecbnh"},"content":{"rendered":"

Gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> \u0111ang tr\u1edf th\u00e0nh xu h\u01b0\u1edbng \u0111\u00e1ng ch\u00fa \u00fd trong gi\u1edbi \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, \u0111\u1eb7c bi\u1ec7t sau khi ch\u00ednh quy\u1ec1n T\u1ed5ng th\u1ed1ng Donald Trump<\/a> tri\u1ec3n khai h\u00e0ng lo\u1ea1t ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i g\u00e2y tranh c\u00e3i. Nh\u1eefng thay \u0111\u1ed5i \u0111\u1ed9t ng\u1ed9t v\u00e0 kh\u00f4ng nh\u1ea5t qu\u00e1n v\u1ec1 thu\u1ebf quan, c\u00f9ng v\u1edbi nguy c\u01a1 suy tho\u00e1i kinh t\u1ebf t\u1ea1i M\u1ef9, \u0111ang khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 si\u00eau gi\u00e0u t\u1ea1i ch\u00e2u \u00c1 c\u00e2n nh\u1eafc l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u.<\/p>\n

R\u00fat v\u1ed1n \u1ed3 \u1ea1t kh\u1ecfi t\u00e0i s\u1ea3n M\u1ef9: T\u00edn hi\u1ec7u t\u1eeb gi\u1edbi t\u00e0i phi\u1ec7t ch\u00e2u \u00c1<\/h2>\n

Theo Bloomberg, nhi\u1ec1u v\u0103n ph\u00f2ng qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n gia \u0111\u00ecnh (family office) t\u1ea1i Hong Kong, Singapore, Trung Qu\u1ed1c \u0111\u1ea1i l\u1ee5c v\u00e0 c\u00e1c trung t\u00e2m t\u00e0i ch\u00ednh ch\u00e2u \u00c1 \u0111\u00e3 b\u1eaft \u0111\u1ea7u gi\u1ea3m t\u1ef7 tr\u1ecdng \u0111\u1ea7u t\u01b0 v\u00e0o th\u1ecb tr\u01b0\u1eddng M\u1ef9. Gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> kh\u00f4ng ch\u1ec9 v\u00ec lo ng\u1ea1i ch\u00ednh s\u00e1ch thu\u1ebf quan, m\u00e0 c\u00f2n v\u00ec s\u1ef1 b\u1ea5t \u1ed5n k\u00e9o d\u00e0i trong b\u1ed1i c\u1ea3nh ch\u00ednh tr\u1ecb v\u00e0 kinh t\u1ebf M\u1ef9.<\/p>\n

M\u1ed9t s\u1ed1 v\u0103n ph\u00f2ng cho bi\u1ebft h\u1ecd \u0111\u00e3 b\u00e1n to\u00e0n b\u1ed9 danh m\u1ee5c c\u1ed5 phi\u1ebfu v\u00e0 tr\u00e1i phi\u1ebfu M\u1ef9, chuy\u1ec3n sang n\u1eafm gi\u1eef ti\u1ec1n m\u1eb7t, v\u00e0ng ho\u1eb7c \u0111\u1ea7u t\u01b0 tr\u1edf l\u1ea1i th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba. M\u1ed9t gi\u00e1m \u0111\u1ed1c c\u1ea5p cao t\u1ea1i ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n h\u00e0ng \u0111\u1ea7u ch\u00e2u \u00c2u nh\u1eadn \u0111\u1ecbnh, m\u1ee9c \u0111\u1ed9 tho\u00e1i v\u1ed1n g\u1ea7n \u0111\u00e2y t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e0u c\u00f3 l\u00e0 ch\u01b0a t\u1eebng c\u00f3 trong su\u1ed1t ba th\u1eadp k\u1ef7 qua.<\/p>\n

T\u1eeb k\u1ef3 v\u1ecdng \u0111\u1ebfn th\u1ea5t v\u1ecdng: Gi\u1edbi si\u00eau gi\u00e0u quay l\u01b0ng sau k\u1ef3 b\u1ea7u c\u1eed M\u1ef9<\/h2>\n

S\u1ef1 thay \u0111\u1ed5i di\u1ec5n ra ch\u1ec9 sau v\u00e0i th\u00e1ng k\u1ec3 t\u1eeb khi nhi\u1ec1u doanh nh\u00e2n ch\u00e2u \u00c1 t\u1eebng hoan ngh\u00eanh chi\u1ebfn th\u1eafng c\u1ee7a \u00f4ng Donald Trump trong cu\u1ed9c b\u1ea7u c\u1eed t\u1ed5ng th\u1ed1ng M\u1ef9 h\u1ed3i th\u00e1ng 11\/2024. Khi \u0111\u00f3, c\u1ed5 phi\u1ebfu ng\u00e0nh ng\u00e2n h\u00e0ng v\u00e0 c\u00f4ng ngh\u1ec7 M\u1ef9 \u0111\u1ed3ng lo\u1ea1t t\u0103ng m\u1ea1nh, t\u1ea1o s\u00f3ng \u0111\u1ea7u t\u01b0 m\u1edbi. Tuy nhi\u00ean, ch\u1ec9 sau m\u1ed9t th\u1eddi gian ng\u1eafn, gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> khi nh\u1eadn ra s\u1ef1 b\u1ea5t \u1ed5n trong \u0111i\u1ec1u h\u00e0nh kinh t\u1ebf c\u1ee7a ch\u00ednh quy\u1ec1n m\u1edbi.<\/p>\n

\u00d4ng Henry Hau, Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh Infinity Family Office t\u1ea1i Hong Kong, cho bi\u1ebft: \u201cCh\u00fang t\u00f4i t\u1eebng v\u01b0\u1ee3t qua kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh ch\u00e2u \u00c1, bong b\u00f3ng dot-com v\u00e0 kh\u1ee7ng ho\u1ea3ng to\u00e0n c\u1ea7u n\u0103m 2008 m\u00e0 v\u1eabn tin v\u00e0o t\u00e0i s\u1ea3n M\u1ef9. Nh\u01b0ng gi\u1edd \u0111\u00e2y, l\u1ea7n \u0111\u1ea7u ti\u00ean, nhi\u1ec1u gia \u0111\u00ecnh si\u00eau gi\u00e0u t\u00ednh \u0111\u1ebfn vi\u1ec7c ph\u00e2n b\u1ed5 l\u1ea1i 20\u201330% danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u1eeb M\u1ef9 sang Trung Qu\u1ed1c v\u00e0 ch\u00e2u \u00c2u\u201d.<\/p>\n

Chuy\u1ec3n h\u01b0\u1edbng sang ch\u00e2u \u00c1 v\u00e0 ch\u00e2u \u00c2u: C\u01a1 h\u1ed9i m\u1edbi t\u1eeb th\u1ecb tr\u01b0\u1eddng c\u0169<\/h2>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec7n xem th\u1ecb tr\u01b0\u1eddng ch\u00e2u \u00c1 v\u00e0 ch\u00e2u \u00c2u l\u00e0 \u0111i\u1ec3m \u0111\u1ebfn ti\u1ec1m n\u0103ng thay th\u1ebf M\u1ef9. Gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> \u0111\u1ec3 t\u00ecm ki\u1ebfm s\u1ef1 \u1ed5n \u0111\u1ecbnh v\u00e0 c\u01a1 h\u1ed9i t\u0103ng tr\u01b0\u1edfng t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng \u0111ang ph\u1ee5c h\u1ed3i sau kh\u1ee7ng ho\u1ea3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n nh\u01b0 Trung Qu\u1ed1c v\u00e0 Hong Kong.<\/p>\n

Ch\u1ec9 s\u1ed1 Hang Seng \u0111\u00e3 t\u0103ng h\u01a1n 13% t\u1eeb \u0111\u1ea7u n\u0103m 2025, trong khi S&P 500 c\u1ee7a M\u1ef9 l\u1ea1i gi\u1ea3m kho\u1ea3ng 3%. Theo b\u00e0 Carman Chan, nh\u00e0 s\u00e1ng l\u1eadp Click Ventures t\u1ea1i Hong Kong, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 ch\u1ed1t l\u1eddi t\u1ea1i M\u1ef9 v\u00e0 b\u1eaft \u0111\u1ea7u t\u00edch c\u1ef1c mua v\u00e0o c\u1ed5 phi\u1ebfu t\u1ea1i ch\u00e2u \u00c1 \u2013 n\u01a1i \u0111ang c\u00f3 m\u1ee9c \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn h\u01a1n.<\/p>\n

T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu M\u1ef9<\/h2>\n

S\u1ef1 r\u00fat v\u1ed1n kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c \u0111\u1ebfn tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 M\u1ef9. Gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00f2i h\u1ecfi l\u1ee3i su\u1ea5t cao h\u01a1n cho tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n, \u0111e d\u1ecda v\u1ecb th\u1ebf \u201cv\u1ecbnh tr\u00e1nh b\u00e3o\u201d truy\u1ec1n th\u1ed1ng c\u1ee7a lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0y.<\/p>\n

\u00d4ng Jack McIntyre, nh\u00e0 qu\u1ea3n l\u00fd qu\u1ef9 t\u1ea1i Brandywine, chia s\u1ebb: \u201cNgay c\u1ea3 khi \u00f4ng Trump \u0111\u1ea3o ng\u01b0\u1ee3c ch\u00ednh s\u00e1ch thu\u1ebf, m\u1ee9c \u0111\u1ed9 b\u1ea5t \u1ed5n v\u1eabn qu\u00e1 cao. Ch\u00fang ta c\u00f3 th\u1ec3 \u0111ang b\u01b0\u1edbc v\u00e0o m\u1ed9t tr\u1eadt t\u1ef1 th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh m\u1edbi\u201d.<\/p>\n

Ch\u00ednh s\u00e1ch kh\u00f3 \u0111o\u00e1n khi\u1ebfn d\u00f2ng v\u1ed1n m\u1ea5t ph\u01b0\u01a1ng h\u01b0\u1edbng<\/h2>\n

M\u1ed9t ph\u1ea7n l\u1edbn c\u1ee7a xu h\u01b0\u1edbng gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> xu\u1ea5t ph\u00e1t t\u1eeb s\u1ef1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch qu\u00e1 nhanh v\u00e0 thi\u1ebfu nh\u1ea5t qu\u00e1n c\u1ee7a Washington. M\u1ed7i tuy\u00ean b\u1ed1 m\u1edbi t\u1eeb Nh\u00e0 Tr\u1eafng l\u1ea1i khi\u1ebfn th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, \u0111\u1ea9y gi\u1edbi \u0111\u1ea7u t\u01b0 v\u00e0o t\u00ecnh tr\u1ea1ng ph\u00f2ng th\u1ee7 thay v\u00ec t\u1ea5n c\u00f4ng.<\/p>\n

C\u00e1c t\u1ed5 ch\u1ee9c \u0111\u1ea7u t\u01b0 l\u1edbn nh\u01b0 Janus Henderson Investors v\u00e0 Amundi SA cho bi\u1ebft h\u1ecd \u0111ang \u0111\u00e1nh gi\u00e1 l\u1ea1i danh m\u1ee5c v\u00e0 c\u00f3 th\u1ec3 gi\u1ea3m t\u1ef7 tr\u1ecdng t\u00e0i s\u1ea3n M\u1ef9 trong th\u1eddi gian t\u1edbi. B\u00ean c\u1ea1nh \u0111\u00f3, k\u1ebf ho\u1ea1ch vay n\u1ee3 m\u1edbi c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh M\u1ef9 v\u00e0o cu\u1ed1i th\u00e1ng 4 c\u0169ng \u0111ang t\u1ea1o th\u00eam \u00e1p l\u1ef1c khi\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh M\u1ef9 m\u1ea5t \u0111i\u1ec3m trong m\u1eaft nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf.<\/p>\n

Xu h\u01b0\u1edbng c\u00f2n ch\u01b0a r\u00f5 r\u00e0ng<\/h2>\n

D\u00f9 l\u00e0n s\u00f3ng r\u00fat v\u1ed1n \u0111ang di\u1ec5n ra, kh\u00f4ng ph\u1ea3i t\u1ea5t c\u1ea3 \u0111\u1ec1u quy\u1ebft \u0111\u1ecbnh tho\u00e1i v\u1ed1n ho\u00e0n to\u00e0n. M\u1ed9t s\u1ed1 v\u0103n ph\u00f2ng qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n v\u1eabn gi\u1eef nguy\u00ean tr\u1ea1ng th\u00e1i \u0111\u1ea7u t\u01b0 t\u1ea1i M\u1ef9, cho r\u1eb1ng M\u1ef9 v\u1eabn l\u00e0 n\u01a1i tr\u00fa \u1ea9n t\u00e0i ch\u00ednh an to\u00e0n v\u00e0 kh\u00f3 c\u00f3 th\u1ec3 thay th\u1ebf ho\u00e0n to\u00e0n.<\/p>\n

Tuy nhi\u00ean, n\u1ebfu c\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n th\u01b0\u01a1ng m\u1ea1i M\u1ef9 – Trung s\u1eafp t\u1edbi kh\u00f4ng mang l\u1ea1i k\u1ebft qu\u1ea3 t\u00edch c\u1ef1c, xu h\u01b0\u1edbng gi\u1edbi si\u00eau gi\u00e0u ch\u00e2u \u00c1 r\u00fat v\u1ed1n kh\u1ecfi M\u1ef9<\/strong> c\u00f3 th\u1ec3 s\u1ebd c\u00f2n lan r\u1ed9ng h\u01a1n n\u1eefa, l\u00e0m thay \u0111\u1ed5i c\u1ee5c di\u1ec7n d\u00f2ng v\u1ed1n to\u00e0n c\u1ea7u trong n\u0103m 2025 v\u00e0 xa h\u01a1n.<\/p>\n

Tin Hot:<\/strong><\/p>\n