{"id":15589,"date":"2026-05-20T10:10:36","date_gmt":"2026-05-20T03:10:36","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/loi-suat-trai-phieu-tang-vot-gay-ap-luc-len-thi-truong-chung-khoan\/"},"modified":"2026-05-20T10:10:36","modified_gmt":"2026-05-20T03:10:36","slug":"loi-suat-trai-phieu-tang-vot-gay-ap-luc-len-thi-truong-chung-khoan","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/loi-suat-trai-phieu-tang-vot-gay-ap-luc-len-thi-truong-chung-khoan\/","title":{"rendered":"L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu t\u0103ng v\u1ecdt g\u00e2y \u00e1p l\u1ef1c l\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"
\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 v\u1eeba tr\u1ea3i qua m\u1ed9t phi\u00ean giao d\u1ecbch \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng khi l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu t\u0103ng v\u1ecdt l\u00ean m\u1ee9c cao nh\u1ea5t trong g\u1ea7n hai th\u1eadp k\u1ef7, tr\u1ef1c ti\u1ebfp g\u00e2y \u00e1p l\u1ef1c l\u00ean \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00e1c ch\u1ec9 s\u1ed1 ch\u00ednh. Ng\u00e0y 19\/05, ch\u1ec9 s\u1ed1 Dow Jones \u0111\u00e3 \u0111\u00e1nh r\u01a1i 322.24 \u0111i\u1ec3m, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 0.65%, l\u00f9i v\u1ec1 m\u1ed1c 49,363.88 \u0111i\u1ec3m, trong khi S&P 500 v\u00e0 Nasdaq Composite c\u0169ng \u0111\u1ed3ng lo\u1ea1t gi\u1ea3m l\u1ea7n l\u01b0\u1ee3t 0.67% v\u00e0 0.84%. S\u1ef1 d\u1ecbch chuy\u1ec3n m\u1ea1nh m\u1ebd t\u1eeb th\u1ecb tr\u01b0\u1eddng n\u1ee3 \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd, l\u00e0m lu m\u1edd nh\u1eefng k\u1ef3 v\u1ecdng v\u1ec1 m\u1ed9t \u0111\u1ee3t t\u0103ng \u0111i\u1ec3m b\u1ec1n v\u1eefng.<\/p>\n

\n \"L\u1ee3i
\u1ea2nh t\u1eeb ngu\u1ed3n: vietstock.vn<\/em><\/figcaption><\/figure>\n

C\u00fa s\u1ed1c t\u1eeb l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu v\u00e0 \u00e1p l\u1ef1c l\u00ean d\u00f2ng v\u1ed1n<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 trong khi th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 ghi nh\u1eadn nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ch\u01b0a t\u1eebng c\u00f3, c\u00e1c ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n l\u1ea1i \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c r\u00fat v\u1ed1n \u0111\u00e1ng k\u1ec3. C\u1ee5 th\u1ec3, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c k\u1ef3 h\u1ea1n 30 n\u0103m \u0111\u00e3 c\u00f3 l\u00fac v\u01b0\u1ee3t ng\u01b0\u1ee1ng 5.19%, m\u1ee9c cao nh\u1ea5t ghi nh\u1eadn \u0111\u01b0\u1ee3c trong g\u1ea7n 19 n\u0103m qua. B\u00ean c\u1ea1nh \u0111\u00f3, l\u1ee3i su\u1ea5t k\u1ef3 h\u1ea1n 10 n\u0103m \u2013 th\u01b0\u1edbc \u0111o tham chi\u1ebfu quan tr\u1ecdng cho c\u00e1c lo\u1ea1i l\u00e3i su\u1ea5t vay v\u1ed1n t\u1eeb mua nh\u00e0, mua \u00f4 t\u00f4 \u0111\u1ebfn n\u1ee3 th\u1ebb t\u00edn d\u1ee5ng \u2013 c\u0169ng t\u0103ng m\u1ea1nh l\u00ean m\u1ee9c 4.687%, m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 01\/2025. <\/p>\n

Vi\u1ec7c l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu t\u0103ng v\u1ecdt kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 bi\u1ebfn \u0111\u1ed9ng danh m\u1ee5c \u0111\u1ea7u t\u01b0 m\u00e0 c\u00f2n \u0111\u1eb7t ra th\u00e1ch th\u1ee9c tr\u1ef1c ti\u1ebfp cho n\u1ec1n kinh t\u1ebf th\u1ef1c. Theo \u0111\u00f3, l\u00e3i su\u1ea5t cao \u0111\u1ed1i v\u1edbi th\u1ebb t\u00edn d\u1ee5ng v\u00e0 vay th\u1ebf ch\u1ea5p \u0111ang t\u1ea1o n\u00ean nh\u1eefng r\u00e0o c\u1ea3n v\u00f4 h\u00ecnh khi\u1ebfn ng\u01b0\u1eddi ti\u00eau d\u00f9ng c\u00f3 xu h\u01b0\u1edbng th\u1eaft ch\u1eb7t chi ti\u00eau. \u0110i\u1ec1u n\u00e0y gi\u00e1n ti\u1ebfp l\u00e0m suy y\u1ebfu tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n v\u00e0 \u0111\u1eb7t nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7, \u0111\u1eb7c bi\u1ec7t l\u00e0 l\u0129nh v\u1ef1c b\u00e1n d\u1eabn, v\u00e0o th\u1ebf kh\u00f3 khi \u0111\u1ecbnh gi\u00e1 c\u1ee7a nh\u00f3m n\u00e0y v\u1ed1n \u0111\u00e3 \u1edf m\u1ee9c r\u1ea5t cao. \u0110\u00e1ng ch\u00fa \u00fd, c\u00e1c chuy\u00ean gia nh\u01b0 \u00f4ng Will McGough t\u1eeb Prime Capital Financial cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng \u0111ang g\u1eedi \u0111i th\u00f4ng \u0111i\u1ec7p ho\u00e0i nghi v\u1ec1 kh\u1ea3 n\u0103ng ph\u1ea3n \u1ee9ng c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) tr\u01b0\u1edbc \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t n\u00f3ng tr\u1edf l\u1ea1i do gi\u00e1 n\u0103ng l\u01b0\u1ee3ng neo \u1edf m\u1ee9c cao, d\u1eabn \u0111\u1ebfn nh\u1eefng lo ng\u1ea1i v\u1ec1 vi\u1ec7c c\u01a1 quan n\u00e0y \u0111ang t\u1ee5t l\u1ea1i ph\u00eda sau trong cu\u1ed9c chi\u1ebfn \u0111i\u1ec1u h\u00e0nh ti\u1ec1n t\u1ec7, nh\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eadp trong c\u00e1c ph\u00e2n t\u00edch v\u1ec1 t\u0103ng l\u00e3i su\u1ea5t Fed v\u00e0 \u00e1p l\u1ef1c t\u1eeb th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu<\/a>.<\/p>\n

T\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu \u0111\u1ebfn nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7<\/h2>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t c\u1ee7a s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh l\u1ea7n n\u00e0y, kh\u00f4ng kh\u00f3 \u0111\u1ec3 nh\u1eadn th\u1ea5y nh\u00f3m c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 \u0111ang ch\u1ecbu \u1ea3nh h\u01b0\u1edfng n\u1eb7ng n\u1ec1 nh\u1ea5t. Nh\u1eefng c\u00e1i t\u00ean \u0111\u00ecnh \u0111\u00e1m nh\u01b0 Nvidia, Qualcomm v\u00e0 Broadcom \u0111\u1ec1u ghi nh\u1eadn m\u1ee9c s\u1ee5t gi\u1ea3m trong phi\u00ean giao d\u1ecbch ng\u00e0y 19\/05. \u00c1p l\u1ef1c t\u1eeb chi ph\u00ed v\u1ed1n t\u0103ng cao c\u1ed9ng h\u01b0\u1edfng v\u1edbi t\u00e2m l\u00fd th\u1eadn tr\u1ecdng tr\u01b0\u1edbc th\u1ec1m c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd \u0111\u00e3 khi\u1ebfn gi\u1edbi \u0111\u1ea7u t\u01b0 c\u00e2n nh\u1eafc l\u1ea1i v\u1ecb th\u1ebf c\u1ee7a m\u00ecnh. \u00d4ng Jed Ellerbroek t\u1eeb Argent Capital Management nh\u1eadn \u0111\u1ecbnh r\u1eb1ng \u0111\u00e2y c\u00f3 th\u1ec3 l\u00e0 nh\u1ecbp ngh\u1ec9 c\u1ea7n thi\u1ebft sau m\u1ed9t giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng qu\u00e1 n\u00f3ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 khi th\u1ecb tr\u01b0\u1eddng v\u1eeba ch\u1ee9ng ki\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 l\u1edbn li\u00ean t\u1ee5c thi\u1ebft l\u1eadp \u0111\u1ec9nh cao m\u1edbi.<\/p>\n

V\u1ea5n \u0111\u1ec1 v\u1ec1 l\u00e3i su\u1ea5t kh\u00f4ng ch\u1ec9 l\u00e0 c\u00e2u chuy\u1ec7n c\u1ee7a hi\u1ec7n t\u1ea1i m\u00e0 c\u00f2n l\u00e0 b\u00e0i to\u00e1n m\u00e0 c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch ph\u1ea3i gi\u1ea3i quy\u1ebft. Trong b\u1ed1i c\u1ea3nh Fed chu\u1ea9n b\u1ecb cho nh\u1eefng thay \u0111\u1ed5i nh\u00e2n s\u1ef1 c\u1ea5p cao v\u00e0o ng\u00e0y 22\/05, th\u1ecb tr\u01b0\u1eddng v\u1eabn \u0111ang nghe ng\u00f3ng nh\u1eefng t\u00edn hi\u1ec7u v\u1ec1 \u0111\u1ecbnh h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh. Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y li\u00ean t\u1ee5c \u0111\u01b0\u1ee3c c\u1eadp nh\u1eadt qua c\u00e1c b\u00e1o c\u00e1o chuy\u00ean s\u00e2u v\u1ec1 t\u0103ng l\u00e3i su\u1ea5t Fed v\u00e0 nh\u1eefng d\u1ef1 b\u00e1o t\u1eeb gi\u1edbi giao d\u1ecbch<\/a>, cho th\u1ea5y s\u1ef1 nh\u1ea1y c\u1ea3m c\u1ef1c \u0111\u1ed9 c\u1ee7a d\u00f2ng ti\u1ec1n \u0111\u1ed1i v\u1edbi c\u00e1c ch\u00ednh s\u00e1ch v\u0129 m\u00f4. S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa l\u1ea1m ph\u00e1t t\u1eeb th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng v\u00e0 m\u1eb7t b\u1eb1ng l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu cao \u0111\u00e3 t\u1ea1o n\u00ean m\u1ed9t th\u00e1ch th\u1ee9c ph\u1ee9c t\u1ea1p, \u0111\u00f2i h\u1ecfi s\u1ef1 th\u1eadn tr\u1ecdng l\u1edbn t\u1eeb ph\u00eda c\u00e1c nh\u00e0 tham gia th\u1ecb tr\u01b0\u1eddng trong ng\u1eafn h\u1ea1n.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: vietstock.vn<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 v\u1eeba tr\u1ea3i qua m\u1ed9t phi\u00ean giao d\u1ecbch \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng khi l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu t\u0103ng v\u1ecdt l\u00ean m\u1ee9c cao nh\u1ea5t trong g\u1ea7n hai th\u1eadp k\u1ef7, tr\u1ef1c ti\u1ebfp g\u00e2y \u00e1p l\u1ef1c l\u00ean \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00e1c ch\u1ec9 s\u1ed1 ch\u00ednh. Ng\u00e0y 19\/05, ch\u1ec9 s\u1ed1 Dow Jones \u0111\u00e3 \u0111\u00e1nh r\u01a1i 322.24 […]<\/p>\n","protected":false},"author":1,"featured_media":15588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-15589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-fed"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=15589"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15588"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}