{"id":1904,"date":"2017-09-05T15:58:10","date_gmt":"2017-09-05T08:58:10","guid":{"rendered":"http:\/\/khoahocnganhang.org.vn\/news\/?p=1904"},"modified":"2017-09-08T10:03:52","modified_gmt":"2017-09-08T03:03:52","slug":"thi-truong-tai-chinh-tien-te-the-gioi-chung-khoan-va-vang-tiep-tuc-la-kenh-dau-tu-hap-dan","status":"publish","type":"post","link":"http:\/\/khoahocnganhang.org.vn\/news\/vi\/thi-truong-tai-chinh-tien-te-the-gioi-chung-khoan-va-vang-tiep-tuc-la-kenh-dau-tu-hap-dan\/","title":{"rendered":"Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, ti\u1ec1n t\u1ec7 th\u1ebf gi\u1edbi: Ch\u1ee9ng kho\u00e1n v\u00e0 v\u00e0ng ti\u1ebfp t\u1ee5c l\u00e0 k\u00eanh \u0111\u1ea7u t\u01b0 h\u1ea5p d\u1eabn"},"content":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u t\u0103ng \u0111i\u1ec3m<\/strong><\/p>\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u trong h\u01a1n n\u1eeda \u0111\u1ea7u n\u0103m 2017 di\u1ec5n bi\u1ebfn t\u00edch c\u1ef1c. Theo th\u1ed1ng k\u00ea c\u1ee7a Bloomberg, c\u00f3 26\/30 ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n ch\u1ee7 ch\u1ed1t t\u1ea1i kh\u1eafp c\u00e1c ch\u00e2u l\u1ee5c \u0111\u1ec1u \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng \u0111i\u1ec3m so v\u1edbi cu\u1ed1i n\u0103m ngo\u00e1i. Hi\u1ec7n t\u1ea1i ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u MSCI ACWI \u0111\u00e3 t\u0103ng h\u01a1n 12% so v\u1edbi cu\u1ed1i n\u0103m 2016.<\/p>\n

\u0110\u00e0 t\u0103ng \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u trong th\u1eddi gian qua \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 m\u1ea1nh m\u1ebd b\u1edfi s\u1ef1 kh\u1edfi s\u1eafc c\u1ee7a kinh t\u1ebf tr\u00ean to\u00e0n c\u1ea7u v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 hi\u1ec7n \u0111\u1ea1t \u1edf ng\u01b0\u1ee1ng l\u1ea1c quan nh\u1ea5t k\u1ec3 t\u1eeb sau n\u0103m 2009. B\u00ean c\u1ea1nh \u0111\u00f3, m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t th\u1ea5p v\u1eabn ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 cho di\u1ec5n bi\u1ebfn tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Ch\u00ednh v\u00ec v\u1eady, xu h\u01b0\u1edbng t\u0103ng \u0111i\u1ec3m c\u1ee7a c\u00e1c th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c duy tr\u00ec \u0111\u1ec1u \u0111\u1eb7n qua h\u1ea7u h\u1ebft c\u00e1c th\u00e1ng v\u00e0 h\u1ea7u nh\u01b0 kh\u00f4ng c\u00f3 nh\u1eefng \u0111\u1ee3t s\u00f3ng m\u1ea1nh g\u00e2y chao \u0111\u1ea3o th\u1ecb tr\u01b0\u1eddng nh\u01b0 c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i.<\/p>\n

Di\u1ec5n bi\u1ebfn c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ch\u1ee7 ch\u1ed1t 8T\/2017 so v\u1edbi 8T\/2016<\/strong><\/p>\n

\"1\"<\/a><\/p>\n

Ngu\u1ed3n: Bloomberg<\/em><\/p>\n

Trong 8 th\u00e1ng \u0111\u1ea7u n\u0103m, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u1ee7a M\u1ef9 l\u00e0 th\u1ecb tr\u01b0\u1eddng c\u00f3 di\u1ec5n bi\u1ebfn t\u1ed1t nh\u1ea5t khi c\u00e1c ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n ch\u00ednh \u0111\u1ec1u \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng \u0111i\u1ec3m k\u1ef7 l\u1ee5c trong v\u00f2ng nhi\u1ec1u n\u0103m qua, trong \u0111\u00f3 Dow Jones t\u0103ng 9,5%, S&P 500 t\u0103ng 8,56% v\u00e0 Nasdaq t\u0103ng 16,53% so v\u1edbi cu\u1ed1i n\u0103m ngo\u00e1i. Trong \u0111\u00f3 xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng di\u1ec5n ra m\u1ea1nh m\u1ebd trong l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 th\u00f4ng tin, ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe, ti\u00eau d\u00f9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f3 gi\u00e1 tr\u1ecb v\u1ed1n h\u00f3a l\u1edbn tr\u00ean th\u1ecb tr\u01b0\u1eddng. B\u00ean c\u1ea1nh \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n khu v\u1ef1c Ch\u00e2u \u00c2u m\u1eb7c d\u00f9 \u0111\u00e3 t\u0103ng \u0111i\u1ec3m nh\u01b0ng kh\u00f4ng tr\u1ea3i \u0111\u1ec1u v\u00e0 ch\u1ee9ng ki\u1ebfn nhi\u1ec1u bi\u1ebfn \u0111\u1ed9ng h\u01a1n trong qu\u00fd I tr\u01b0\u1edbc s\u1ee9c \u00e9p r\u1ee7i ro ch\u00ednh tr\u1ecb trong khu v\u1ef1c. V\u00ec v\u1eady, c\u00f3 nh\u1eefng th\u1eddi \u0111i\u1ec3m th\u1ecb tr\u01b0\u1eddng th\u0103ng hoa khi \u0111\u00f3n nh\u1eadn hi\u1ec7u \u1ee9ng t\u00edch c\u1ef1c t\u1eeb c\u00e1c cu\u1ed9c b\u1ea7u c\u1eed t\u1ed5ng th\u1ed1ng t\u1ea1i Ph\u00e1p, \u00dd v\u00e0 nh\u1eefng t\u00edn hi\u1ec7u h\u1ed3i ph\u1ee5c \u0111\u1ebfn t\u1eeb c\u00e1c n\u1ec1n kinh t\u1ebf \u0111\u1ea7u t\u00e0u trong khu v\u1ef1c. Tuy nhi\u00ean, c\u0169ng c\u00f3 nh\u1eefng th\u1eddi \u0111i\u1ec3m, \u0111\u1eb7c bi\u1ec7t nh\u01b0 v\u00e0o th\u00e1ng 6 v\u1eeba qua, th\u1ecb tr\u01b0\u1eddng gi\u1ea3m \u0111i\u1ec3m kh\u00e1 m\u1ea1nh khi ph\u00e1t sinh c\u00e1c lo ng\u1ea1i v\u1ec1 cu\u1ed9c kh\u1ee7ng ho\u1ea3ng di c\u01b0, t\u00e1c \u0111\u1ed9ng b\u1ea5t l\u1ee3i c\u1ee7a Brexit hay t\u00ecnh tr\u1ea1ng y\u1ebfu k\u00e9m c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng trong khu v\u1ef1c. K\u1ebft th\u00fac 8 th\u00e1ng, ch\u1ec9 s\u1ed1 EuroStoxx to\u00e0n khu v\u1ef1c v\u1eabn \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng 1,01%, c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee7 ch\u1ed1t \u0111\u1ec1u \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng \u0111i\u1ec3m t\u1ed1t so v\u1edbi cu\u1ed1i n\u0103m ngo\u00e1i nh\u01b0 CAC 40 c\u1ee7a Ph\u00e1p t\u0103ng 4,06%; DAX c\u1ee7a \u0110\u1ee9c t\u0103ng 2,81%,… Ch\u1ec9 s\u1ed1 FTSE 100 c\u1ee7a Anh c\u0169ng v\u1eabn duy tr\u00ec \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng \u0111i\u1ec3m 1,16% so v\u1edbi cu\u1ed1i n\u0103m 2016, tuy nhi\u00ean m\u1ee9c t\u0103ng n\u00e0y \u0111\u00e3 th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi m\u1ee9c t\u0103ng g\u1ea7n 10% c\u1ee7a 8 th\u00e1ng n\u0103m ngo\u00e1i. V\u00e0 cu\u1ed1i c\u00f9ng, trong xu h\u01b0\u1edbng di\u1ec5n bi\u1ebfn t\u00edch c\u1ef1c, ch\u1ec9 s\u1ed1 MSCI khu v\u1ef1c Ch\u00e2u \u00c1 Th\u00e1i B\u00ecnh D\u01b0\u01a1ng \u0111\u1ea1t m\u1ee9c t\u0103ng m\u1ea1nh 18,7% so v\u1edbi cu\u1ed1i n\u0103m tr\u01b0\u1edbc. Tuy nhi\u00ean, t\u1ed1c \u0111\u1ed9 t\u0103ng \u0111\u00e3 c\u00f3 s\u1ef1 kh\u00e1c nhau gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee7 ch\u1ed1t trong khu v\u1ef1c. C\u1ee5 th\u1ec3, ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n kh\u1edfi \u0111\u1ea7u ch\u1eadm ch\u1ea1p trong nh\u1eefng th\u00e1ng \u0111\u1ea7u n\u0103m nh\u01b0ng t\u0103ng t\u1ed1c m\u1ea1nh m\u1ebd h\u01a1n trong qu\u00fd II nh\u1edd \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi nh\u1eefng chuy\u1ec3n bi\u1ebfn t\u1ed1t t\u1eeb t\u00ecnh h\u00ecnh kinh t\u1ebf v\u0129 m\u00f4 trong n\u01b0\u1edbc. Ch\u1ee9ng kho\u00e1n Trung Qu\u1ed1c duy tr\u00ec \u0111\u00e0 t\u0103ng \u0111i\u1ec3m kh\u00e1 \u1ed5n \u0111\u1ecbnh v\u00e0 ch\u1ec9 suy gi\u1ea3m trong th\u00e1ng 4 v\u00e0 5 khi Trung Qu\u1ed1c th\u1ef1c hi\u1ec7n th\u1eaft ch\u1eb7t ki\u1ec3m so\u00e1t \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh. \u0110\u00e1ng ch\u00fa \u00fd l\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n H\u1ed3ng K\u00f4ng v\u1edbi m\u1ee9c t\u0103ng g\u1ea7n 25% v\u00e0 H\u00e0n Qu\u1ed1c v\u1edbi m\u1ee9c t\u0103ng tr\u00ean 17% thu\u1ed9c nh\u00f3m t\u0103ng tr\u01b0\u1edfng t\u1ed1t nh\u1ea5t khu v\u1ef1c.<\/p>\n

B\u01b0\u1edbc sang th\u00e1ng 8, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u \u0111\u00e3 b\u1eaft \u0111\u1ea7u c\u00f3 d\u1ea5u hi\u1ec7u gi\u1ea3m m\u1ea1nh tr\u01b0\u1edbc t\u00ecnh h\u00ecnh c\u0103ng th\u1eb3ng ch\u00ednh tr\u1ecb leo thang t\u1ea1i khu v\u1ef1c \u0110\u00f4ng B\u1eafc \u00c1 v\u00e0 B\u1eafc M\u1ef9, m\u00e0 c\u1ee5 th\u1ec3 l\u00e0 ch\u01b0\u01a1ng tr\u00ecnh th\u1eed t\u00ean l\u1eeda \u0111\u1ea1n \u0111\u1ea1o c\u1ee7a Tri\u1ec1u Ti\u00ean trong v\u00f2ng 4 ng\u00e0y t\u1eeb 26 \u2013 29\/8, l\u00e0m \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u00ecnh h\u00ecnh an ninh ch\u00ednh tr\u1ecb trong khu v\u1ef1c. Di\u1ec5n bi\u1ebfn n\u00e0y \u0111\u00e3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n kh\u00f4ng ch\u1ec9 t\u1ea1i c\u00e1c qu\u1ed1c gia ch\u1ecbu \u1ea3nh h\u01b0\u1edfng nh\u01b0 M\u1ef9, Nh\u1eadt B\u1ea3n, H\u00e0n Qu\u1ed1c c\u00f3 s\u1ef1 s\u1ee5t gi\u1ea3m m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng lan t\u1ecfa t\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u. Ch\u1ec9 s\u1ed1 MSCI ACWI to\u00e0n c\u1ea7u \u0111\u00e3 gi\u1ea3m g\u1ea7n 1% trong th\u00e1ng v\u1eeba qua v\u1edbi h\u1ea7u h\u1ebft c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee7 ch\u1ed1t \u0111\u1ec1u ghi nh\u1eadn m\u1ee9c gi\u1ea3m \u0111i\u1ec3m[1]<\/a>. \u0110\u00e2y c\u00f3 th\u1ec3 coi l\u00e0 di\u1ec5n bi\u1ebfn \u1ea3m \u0111\u1ea1m nh\u1ea5t c\u1ee7a ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay.<\/p>\n

Gi\u00e1 v\u00e0ng ti\u1ebfp t\u1ee5c t\u0103ng b\u1ea5t ch\u1ea5p nhu c\u1ea7u \u0111\u00e3 ch\u1eadm l\u1ea1i<\/strong><\/p>\n

Trong 8 th\u00e1ng giao d\u1ecbch c\u1ee7a n\u0103m 2017, tuy kh\u00f4ng c\u00f3 \u0111\u01b0\u1ee3c chu\u1ed7i t\u0103ng gi\u00e1 m\u1ea1nh nh\u01b0 n\u1eeda \u0111\u1ea7u n\u0103m 2016 nh\u01b0ng v\u00e0ng v\u1eabn t\u0103ng gi\u00e1 h\u01a1n 13%. Di\u1ec5n bi\u1ebfn t\u0103ng c\u1ee7a gi\u00e1 v\u00e0ng di\u1ec5n ra g\u1ea7n nh\u01b0 li\u00ean t\u1ee5c, t\u0103ng m\u1ea1nh trong 2 th\u00e1ng \u0111\u1ea7u n\u0103m, gi\u1ea3m h\u01a1n 2% v\u00e0o th\u00e1ng 6 nh\u01b0ng \u0111\u00e3 t\u0103ng tr\u1edf l\u1ea1i v\u00e0o th\u00e1ng 7, 8. Gi\u00e1 v\u00e0ng ti\u1ebfp t\u1ee5c nh\u1ea1y c\u1ea3m m\u1ea1nh v\u1edbi t\u00ecnh h\u00ecnh kinh t\u1ebf, ch\u00ednh tr\u1ecb c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf \u0111\u1ea7u t\u00e0u c\u0169ng nh\u01b0 t\u1ea1i c\u00e1c n\u01b0\u1edbc l\u00e0 t\u00e2m \u0111i\u1ec3m c\u00f3 th\u1ec3 l\u00e0m b\u00f9ng ph\u00e1t c\u00e1c c\u0103ng th\u1eb3ng ch\u00ednh tr\u1ecb trong khu v\u1ef1c c\u0169ng nh\u01b0 tr\u00ean th\u1ebf gi\u1edbi. Tuy nhi\u00ean nh\u1eefng ph\u1ea3n \u1ee9ng th\u1ec3 hi\u1ec7n qua chu\u1ed7i t\u0103ng gi\u00e1 m\u1ea1nh nh\u01b0 n\u0103m 2016 \u0111\u00e3 kh\u00f4ng xu\u1ea5t hi\u1ec7n qu\u00e1 l\u00e2u tr\u01b0\u1edbc nh\u1eefng t\u00edn hi\u1ec7u kinh t\u1ebf v\u0129 m\u00f4 kh\u1edfi s\u1eafc c\u0169ng nh\u01b0 nh\u1eefng di\u1ec5n bi\u1ebfn b\u00ecnh \u1ed5n h\u01a1n so v\u1edbi d\u1ef1 ki\u1ebfn c\u1ee7a c\u00e1c v\u1ea5n \u0111\u1ec1 \u0111\u1ecba ch\u00ednh tr\u1ecb tr\u00ean to\u00e0n c\u1ea7u. Trong g\u1ea7n 8 th\u00e1ng giao d\u1ecbch c\u1ee7a n\u0103m, v\u00e0ng c\u0169ng \u0111\u00e3 v\u01b0\u1ee3t ng\u01b0\u1ee1ng 1.300$\/ounce, m\u1ee9c gi\u00e1 cao nh\u1ea5t \u0111\u1ea1t 1.331,9$\/ounce v\u00e0o th\u00e1ng 8.<\/p>\n

Di\u1ec5n bi\u1ebfn gi\u00e1 v\u00e0ng k\u1ef3 h\u1ea1n trong n\u0103m 2017<\/strong><\/p>\n

\"2\"<\/a><\/p>\n

Ngu\u1ed3n: investing.com<\/em><\/p>\n

Hi\u1ec7n t\u1ea1i, \u0111\u00e0 t\u0103ng c\u1ee7a gi\u00e1 v\u00e0ng v\u1eabn \u0111ang \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 m\u1ea1nh m\u1ebd b\u1edfi l\u1ef1c c\u1ea7u tr\u01b0\u1edbc nh\u1eefng b\u1ea5t \u1ed5n ch\u01b0a ch\u1ea5m d\u1ee9t c\u1ee7a t\u00ecnh h\u00ecnh kinh t\u1ebf, ch\u00ednh tr\u1ecb tr\u00ean th\u1ebf gi\u1edbi, nh\u01b0ng theo b\u00e1o c\u00e1o c\u1ee7a H\u1ed9i \u0111\u1ed3ng v\u00e0ng th\u1ebf gi\u1edbi (WGC) th\u00ec nhu c\u1ea7u v\u00e0ng trong 6 th\u00e1ng \u0111\u1ea7u n\u0103m \u0111\u00e3 th\u1ea5p h\u01a1n t\u01b0\u01a1ng \u0111\u1ed1i so v\u1edbi c\u00f9ng th\u1eddi \u0111i\u1ec3m c\u1ee7a n\u0103m 2016. Xu h\u01b0\u1edbng n\u00e0y \u0111\u00e3 di\u1ec5n ra t\u1eeb qu\u00fd I v\u00e0 v\u1eabn ti\u1ebfp t\u1ee5c trong qu\u00fd II, nhu c\u1ea7u v\u00e0ng trong qu\u00fd II\/2017 \u0111\u1ea1t 953,4 t\u1ea5n, th\u1ea5p h\u01a1n c\u00f9ng k\u1ef3 so v\u1edbi n\u0103m 2016 kho\u1ea3ng 10%. Trong khi \u0111\u00f3, nhu c\u1ea7u v\u00e0ng trong n\u1eeda \u0111\u1ea7u n\u0103m \u0111\u1ea1t 2003,8 t\u1ea5n, gi\u1ea3m 14% so v\u1edbi c\u00f9ng k\u1ef3 c\u1ee7a n\u0103m ngo\u00e1i. Xu h\u01b0\u1edbng gi\u1ea3m c\u1ee7a nhu c\u1ea7u v\u00e0ng tr\u00ean th\u1ebf gi\u1edbi b\u1ecb \u1ea3nh h\u01b0\u1edfng m\u1ea1nh b\u1edfi nhu c\u1ea7u n\u1eafm gi\u1eef v\u00e0ng qua c\u00e1c qu\u1ef9 ETF \u0111\u00e3 gi\u1ea3m m\u1ea1nh k\u1ec3 t\u1eeb sau qu\u00fd I\/2016. D\u00f2ng ch\u1ea3y \u0111\u1ea7u t\u01b0 v\u00e0ng qua ETF \u0111\u00e3 gia t\u0103ng th\u00eam 56 t\u1ea5n trong Qu\u00fd II, gi\u1ea3m 76% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i. B\u00ean c\u1ea1nh \u0111\u00f3, s\u1ee9c mua r\u00f2ng c\u1ee7a NHTW c\u0169ng \u0111\u00e3 gi\u1ea3m kho\u1ea3ng 3%, \u0111\u1ea1t 176,6 t\u1ea5n. Ng\u01b0\u1ee3c l\u1ea1i, nhu c\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0ng mi\u1ebfng, v\u00e0ng xu, v\u00e0ng trang s\u1ee9c \u0111\u00e3 ph\u1ee5c h\u1ed3i, trong \u0111\u00f3 n\u1ed5i b\u1eadt l\u00e0 nhu c\u1ea7u t\u1eeb Th\u1ed5 Nh\u0129 k\u1ef3 v\u00e0 \u1ea4n \u0110\u1ed9.<\/p>\n

Di\u1ec5n bi\u1ebfn nhu c\u1ea7u v\u00e0ng trong Qu\u00fd II\/2017<\/strong><\/p>\n

\"3\"<\/a><\/p>\n

 <\/p>\n

Ngu\u1ed3n: gold.org<\/em><\/p>\n

Nh\u01b0 v\u1eady c\u00f3 th\u1ec3 nh\u1eadn th\u1ea5y r\u1eb1ng, m\u1eb7c d\u00f9 \u0111\u00e3 xu\u1ea5t hi\u1ec7n nh\u1eefng t\u00edn hi\u1ec7u kh\u00f4ng thu\u1eadn l\u1ee3i trong di\u1ec5n bi\u1ebfn gi\u00e1 v\u00e0 di\u1ec5n bi\u1ebfn cung c\u1ea7u th\u1ecb tr\u01b0\u1eddng nh\u01b0ng nhi\u1ec1u \u00fd ki\u1ebfn cho r\u1eb1ng \u0111\u00e2y s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 nh\u1eefng k\u00eanh \u0111\u1ea7u t\u01b0 sinh l\u1eddi kh\u00e1 an to\u00e0n cho \u0111\u1ebfn h\u1ebft n\u0103m 2017. Tuy nhi\u00ean l\u1ee3i th\u1ebf \u1edf \u0111\u00e2y kh\u00f4ng c\u00f2n qu\u00e1 thi\u00ean v\u1ec1 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n khi gi\u00e1 c\u1ed5 phi\u1ebfu tr\u00ean nhi\u1ec1u th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 c\u00f3 xu h\u01b0\u1edbng t\u0103ng k\u00e9o d\u00e0i, th\u1eadm ch\u00ed \u0111\u00e3 v\u01b0\u1ee3t xa gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a c\u1ed5 phi\u1ebfu. K\u1ef3 v\u1ecdng t\u0103ng m\u1ea1nh nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd ch\u1ec9 ti\u1ebfp t\u1ee5c di\u1ec5n ra t\u1ea1i th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i nh\u01b0ng s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng xu\u1ea5t hi\u1ec7n t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee7 ch\u1ed1t c\u1ee7a khu v\u1ef1c ph\u01b0\u01a1ng t\u00e2y v\u00e0 n\u01b0\u1edbc M\u1ef9 khi NHTW quy\u1ebft \u0111\u1ecbnh d\u1ecbch chuy\u1ec3n ch\u00ednh s\u00e1ch. H\u01a1n n\u1eefa, xu h\u01b0\u1edbng gi\u1ea3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u v\u00e0o th\u00e1ng 8 v\u1eeba qua tr\u01b0\u1edbc t\u00e1c \u0111\u1ed9ng c\u1ee7a c\u0103ng th\u1eb3ng ch\u00ednh tr\u1ecb leo thang t\u1ea1i khu v\u1ef1c \u0110\u00f4ng B\u1eafc \u00c1 v\u00e0 B\u1eafc M\u1ef9 c\u0169ng h\u1ed7 tr\u1ee3 cho nh\u1eadn \u0111\u1ecbnh n\u00e0y. Ch\u00ednh v\u00ec v\u1eady, nhi\u1ec1u \u00fd ki\u1ebfn cho r\u1eb1ng \u0111\u00e2y ch\u00ednh l\u00e0 th\u1eddi \u0111i\u1ec3m m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u00e1nh gi\u00e1 l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c kinh doanh c\u1ee7a m\u00ecnh tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n theo h\u01b0\u1edbng r\u00e0 so\u00e1t, c\u00e2n b\u1eb1ng l\u1ea1i danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111\u1ec3 tr\u00e1nh t\u1eadp trung v\u00e0o c\u00e1c t\u00e0i s\u1ea3n \u0111\u00e3 c\u00f3 gi\u00e1 t\u0103ng m\u1ea1nh v\u00e0 k\u00e9o d\u00e0i c\u0169ng nh\u01b0 c\u00e1c khu v\u1ef1c \u0111ang c\u00f3 xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng ch\u1eadm l\u1ea1i. \u0110\u1ed3ng th\u1eddi c\u1ea7n d\u1ecbch chuy\u1ec3n chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 sang c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ph\u00e1t tri\u1ec3n t\u1ea1i khu v\u1ef1c Ch\u00e2u \u00c1 Th\u00e1i B\u00ecnh D\u01b0\u01a1ng.<\/p>\n

Trong khi \u0111\u00f3, cho \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m hi\u1ec7n nay th\u00ec nhi\u1ec1u d\u1ef1 b\u00e1o cho r\u1eb1ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0ng s\u1ebd ti\u1ebfp t\u1ee5c an to\u00e0n trong n\u0103m 2017, gi\u00e1 c\u1ee7a v\u00e0ng s\u1ebd ti\u1ebfp t\u1ee5c b\u1ee9t ph\u00e1, c\u00f3 th\u1ec3 \u0111\u1ea1t th\u00eam nhi\u1ec1u nh\u1eefng gi\u00e1 m\u1edbi sau khi \u0111\u00e3 v\u01b0\u1ee3t 1.300$\/ounce trong th\u00e1ng 8, th\u1eadm ch\u00ed c\u0169ng c\u00f3 th\u1ec3 t\u0103ng r\u1ea5t m\u1ea1nh n\u1ebfu nh\u1eefng b\u1ea5t \u1ed5n v\u1ec1 kinh t\u1ebf, ch\u00ednh tr\u1ecb v\u1eabn ch\u01b0a kh\u00e9p l\u1ea1i. Xu h\u01b0\u1edbng t\u0103ng c\u1ee7a gi\u00e1 v\u00e0ng c\u00f3 ph\u1ea7n v\u1eefng ch\u1eafc h\u01a1n b\u1edfi c\u00e1c y\u1ebfu t\u1ed1 h\u1ed7 tr\u1ee3 \u0111ang hi\u1ec7n h\u1eefu, c\u1ee5 th\u1ec3 g\u1ed3m c\u00f3:<\/p>\n

+ T\u00ecnh tr\u1ea1ng b\u1ea5t \u1ed5n c\u1ee7a ch\u00ednh tr\u1ecb s\u1ebd ti\u1ebfp t\u1ee5c t\u1ea1o c\u01a1 h\u1ed9i cho nhu c\u1ea7u t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 an to\u00e0n gia t\u0103ng, trong \u0111\u00f3 s\u1eafp t\u1edbi ph\u1ea3i k\u1ec3 \u0111\u1ebfn nh\u1eefng b\u1ea5t \u1ed5n trong quan h\u1ec7 Nga \u2013M\u1ef9 – Trung \u0111\u00e3 \u0111\u00f3ng b\u0103ng; c\u0103ng th\u1eb3ng \u0110\u00f4ng B\u1eafc \u00c1 v\u00e0 Ch\u00e2u M\u1ef9. Theo \u0111\u00f3, n\u01b0\u1edbc M\u1ef9 c\u00f3 th\u1ec3 s\u1ebd b\u01b0\u1edbc v\u00e0o cu\u1ed9c chi\u1ebfn th\u01b0\u01a1ng m\u1ea1i v\u1edbi Trung Qu\u1ed1c v\u00e0 n\u01b0\u1edbc Nga c\u00f3 th\u1ec3 s\u1ebd m\u1edf r\u1ed9ng t\u1ea7m \u1ea3nh h\u01b0\u1edfng t\u1edbi Ukraine. V\u00e0 n\u1ed5i b\u1eadt h\u01a1n c\u1ea3 l\u00e0 nh\u1eefng v\u1ea5n \u0111\u1ec1 c\u1ee7a B\u1eafc tri\u1ec1u Ti\u00ean trong k\u1ebf ho\u1ea1ch th\u1eed h\u1ea1t nh\u00e2n c\u00f3 t\u1ea7m \u1ea3nh h\u01b0\u1edfng xuy\u00ean ch\u00e2u l\u1ee5c,\u2026.. v\u00e0 nh\u1eefng cu\u1ed9c t\u1ea5n c\u00f4ng m\u1ea1ng nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd ti\u1ebfp di\u1ec5n ng\u00e0y c\u00e0ng m\u1ea1nh m\u1ebd h\u01a1n;<\/p>\n

+ B\u1ea5t \u1ed5n kinh t\u1ebf ch\u01b0a ch\u1ea5m d\u1ee9t: Trong nh\u1eefng t\u00edn hi\u1ec7u ph\u1ee5c h\u1ed3i c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf \u0111\u1ea7u t\u00e0u trong n\u1eeda \u0111\u1ea7u n\u0103m 2017, d\u1ea5u hi\u1ec7u ch\u1eefng l\u1ea1i \u0111ang c\u00f3 chi\u1ec1u h\u01b0\u1edbng ng\u00e0y c\u00e0ng r\u00f5 n\u00e9t h\u01a1n \u0111\u1ed1i v\u1edbi n\u01b0\u1edbc M\u1ef9, nh\u1eefng kh\u00f3 kh\u0103n l\u1ea1i b\u1eaft \u0111\u1ea7u xu\u1ea5t hi\u1ec7n tr\u1edf l\u1ea1i trong khu v\u1ef1c s\u1ea3n xu\u1ea5t c\u1ee7a Ch\u00e2u \u00c2u, Trung Qu\u1ed1c,\u2026.. th\u1ef1c t\u1ebf \u0111\u00f3 s\u1ebd c\u1ea3n tr\u1edf qu\u00e1 tr\u00ecnh b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 tr\u00ean th\u1ebf gi\u1edbi, ti\u1ebfp t\u1ee5c l\u00e0m gia t\u0103ng n\u1ee3 tr\u00ean to\u00e0n c\u1ea7u, th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch,\u2026. L\u00e0 m\u1ea7m m\u1ed1ng d\u1eabn \u0111\u1ebfn s\u1ef1 \u0111i xu\u1ed1ng c\u1ee7a kinh t\u1ebf v\u00e0 th\u1eadm ch\u00ed m\u1ea1nh h\u01a1n s\u1ebd l\u00e0 kh\u1ee7ng ho\u1ea3ng;<\/p>\n

+ S\u1ef1 suy y\u1ebfu c\u1ee7a \u0111\u1ed3ng USD: T\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay, di\u1ec5n bi\u1ebfn c\u1ee7a ch\u1ec9 s\u1ed1 USD index tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m l\u00e0 ch\u1ee7 \u0111\u1ea1o v\u00e0 theo gi\u1edbi ph\u00e2n t\u00edch th\u00ec xu h\u01b0\u1edbng n\u00e0y s\u1ebd ti\u1ebfp t\u1ee5c di\u1ec5n ra trong nh\u1eefng th\u00e1ng t\u1edbi. N\u1ebfu c\u0103n c\u1ee9 v\u00e0o m\u1ed1i quan h\u1ec7 truy\u1ec1n th\u1ed1ng gi\u1eefa v\u00e0ng v\u00e0 USD index th\u00ec nh\u1eefng d\u1ef1 b\u00e1o v\u1ec1 s\u1ef1 suy y\u1ebfu c\u1ee7a \u0111\u1ed3ng b\u1ea1c xanh s\u1ebd l\u00e0 nh\u00e2n t\u1ed1 g\u00f3p ph\u1ea7n l\u00e0m t\u0103ng gi\u00e1 c\u1ee7a v\u00e0ng cho \u0111\u1ebfn h\u1ebft n\u0103m. B\u00ean c\u1ea1nh \u0111\u00f3, vi\u1ec7c nhi\u1ec1u NHTW l\u1edbn ti\u1ebfp t\u1ee5c duy tr\u00ec tr\u1ea1ng th\u00e1i n\u1edbi l\u1ecfng c\u1ee7a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ec3 h\u1ed7 tr\u1ee3 cho n\u1ec1n kinh t\u1ebf c\u0169ng s\u1ebd l\u00e0 l\u1ef1c \u0111\u1ea9y cho gi\u00e1 v\u00e0ng.<\/p>\n

Di\u1ec5n bi\u1ebfn ch\u1ec9 s\u1ed1 USD index k\u1ef3 h\u1ea1n<\/strong><\/p>\n

\"4\"<\/a><\/p>\n

Ngu\u1ed3n: investing.com<\/em><\/p>\n

Ngo\u00e0i ra, ph\u00e2n t\u00edch v\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt, xu h\u01b0\u1edbng c\u1ee7a gi\u00e1 v\u00e0ng hi\u1ec7n t\u1ea1i kh\u00e1 v\u1eefng ch\u1eafc, k\u1ebft h\u1ee3p v\u1edbi nh\u1eefng t\u00edn hi\u1ec7u v\u1ec1 nhu c\u1ea7u mua v\u00e0ng, kh\u1ea3 n\u0103ng cao v\u1eabn t\u1ed3n t\u1ea1i m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t th\u1ea5p v\u00e0 \u0111\u1ed9ng th\u00e1i b\u00e1n m\u1ea1nh tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n,\u2026 s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 thu\u1eadn l\u1ee3i v\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt khi d\u1ef1 b\u00e1o gi\u00e1 v\u00e0ng cho \u0111\u1ebfn cu\u1ed1i n\u0103m 2017.<\/p>\n

[1]<\/a> Ch\u1ec9 s\u1ed1 S&P 500 t\u1ea1i M\u1ef9 gi\u1ea3m 0,55%, Euro Stoxx gi\u1ea3m 1,2%, FTSE Anh gi\u1ea3m 0,09%, DAX c\u1ee7a \u0110\u1ee9c gi\u1ea3m 0,96%, CAC 40 c\u1ee7a Ph\u00e1p gi\u1ea3m 0,72%, Nikkei 225 c\u1ee7a Nh\u1eadt gi\u1ea3m 2,26%, Kopsi H\u00e0n Qu\u1ed1c gi\u1ea3m 1,25%.<\/p>\n

Ths. Tr\u1ea7n Ng\u1ecdc Lan<\/p>\n

Ths. Nguy\u1ec5n Minh Ng\u1ecdc<\/p>\n

Vi\u1ec7n Chi\u1ebfn l\u01b0\u1ee3c ng\u00e2n h\u00e0ng<\/p>\n","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u t\u0103ng \u0111i\u1ec3m Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u trong h\u01a1n n\u1eeda \u0111\u1ea7u n\u0103m 2017 di\u1ec5n bi\u1ebfn t\u00edch c\u1ef1c. Theo th\u1ed1ng k\u00ea c\u1ee7a Bloomberg, c\u00f3 26\/30 ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n ch\u1ee7 ch\u1ed1t t\u1ea1i kh\u1eafp c\u00e1c ch\u00e2u l\u1ee5c \u0111\u1ec1u \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng \u0111i\u1ec3m so v\u1edbi cu\u1ed1i n\u0103m ngo\u00e1i. Hi\u1ec7n …<\/p>\n","protected":false},"author":3,"featured_media":1918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50],"tags":[],"_links":{"self":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts\/1904"}],"collection":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/comments?post=1904"}],"version-history":[{"count":3,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts\/1904\/revisions"}],"predecessor-version":[{"id":1912,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts\/1904\/revisions\/1912"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/media\/1918"}],"wp:attachment":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/media?parent=1904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/categories?post=1904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/tags?post=1904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}