{"id":9500,"date":"2026-06-01T09:22:20","date_gmt":"2026-06-01T09:22:20","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=9500"},"modified":"2026-06-01T09:22:24","modified_gmt":"2026-06-01T09:22:24","slug":"a-divided-japanese-market-stock-market-frenzy-and-hidden-worries-amidst-a-double-sell-off-in-bonds-and-currency-markets","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/a-divided-japanese-market-stock-market-frenzy-and-hidden-worries-amidst-a-double-sell-off-in-bonds-and-currency-markets\/","title":{"rendered":"Th\u1ecb tr\u01b0\u1eddng Nh\u1eadt B\u1ea3n b\u1ecb chia r\u1ebd: Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111i\u00ean cu\u1ed3ng v\u00e0 nh\u1eefng n\u1ed7i lo ti\u1ec1m \u1ea9n gi\u1eefa \u0111\u1ee3t b\u00e1n th\u00e1o k\u00e9p tr\u00ean th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7"},"content":{"rendered":"

Nh\u00f3m nghi\u00ean c\u1ee9u v\u0129 m\u00f4 to\u00e0n c\u1ea7u c\u1ee7a ACE Markets, k\u1ebft h\u1ee3p d\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng m\u1edbi nh\u1ea5t, xu h\u01b0\u1edbng ch\u00ednh s\u00e1ch v\u00e0 t\u1ef7 l\u1ec7 n\u1eafm gi\u1eef c\u1ee7a t\u1ed5 ch\u1ee9c, \u0111\u00e3 ti\u1ebfn h\u00e0nh ph\u00e2n t\u00edch chuy\u00ean s\u00e2u th\u00f4ng qua h\u1ec7 th\u1ed1ng theo d\u00f5i t\u00e0i s\u1ea3n ch\u00e9o: \u0110\u1ea7u th\u00e1ng 6 n\u0103m 2026, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Nh\u1eadt B\u1ea3n \u0111ang c\u00f3 s\u1ef1 ph\u00e2n c\u1ef1c c\u1ef1c \u0111\u1ed9 \u2013 m\u1ed9t m\u1eb7t, ch\u1ec9 s\u1ed1 Nikkei 225 l\u1ea7n \u0111\u1ea7u ti\u00ean v\u01b0\u1ee3t qua 67.000 \u0111i\u1ec3m, v\u1edbi m\u1ee9c t\u0103ng t\u00ednh \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i l\u00e0 g\u1ea7n 30% v\u00e0 SoftBank \u0111\u00e3 v\u01b0\u1ee3t qua Toyota \u0111\u1ec3 tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n gi\u00e1 tr\u1ecb nh\u1ea5t c\u1ee7a Nh\u1eadt B\u1ea3n; m\u1eb7t kh\u00e1c, t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean \u0111ang ti\u1ebfn g\u1ea7n \u0111\u1ebfn m\u1ee9c quan tr\u1ecdng 160 v\u00e0 l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n k\u1ef3 h\u1ea1n 30 n\u0103m \u0111\u00e3 v\u01b0\u1ee3t qua 4%, \u0111\u1ea1t m\u1ee9c cao l\u1ecbch s\u1eed, t\u1ea1o ra s\u1ef1 ph\u00e2n k\u1ef3 hi\u1ebfm hoi gi\u1eefa s\u1ef1 s\u1ee5t gi\u1ea3m \u0111\u1ed3ng th\u1eddi \u1edf c\u1ea3 th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7 v\u00e0 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu t\u0103ng gi\u00e1. S\u1ef1 ph\u00e2n c\u1ef1c c\u1ef1c \u0111oan n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 \u0111\u1ea3o ng\u01b0\u1ee3c c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ee7a n\u1ec1n kinh t\u1ebf Nh\u1eadt B\u1ea3n, m\u00e0 l\u00e0 m\u1ed9t tr\u1ea1ng th\u00e1i \u1ed5n \u0111\u1ecbnh t\u1ea1m th\u1eddi \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi \u1ea3o t\u01b0\u1edfng ti\u1ec1n t\u1ec7, l\u00e0n s\u00f3ng c\u00f4ng ngh\u1ec7 v\u00e0 kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1 v\u0129 m\u00f4 to\u00e0n c\u1ea7u. ACE Markets s\u1ebd gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u00ecn th\u1ea5u \u0111\u00e1o v\u00e0 m\u1ed5 x\u1ebb logic c\u01a1 b\u1ea3n c\u0169ng nh\u01b0 nh\u1eefng r\u1ee7i ro ti\u1ec1m \u1ea9n.<\/p>\n

<\/a>Tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7 \u0111\u1ed3ng th\u1eddi ch\u1ecbu \u00e1p l\u1ef1c: t\u00e1c \u0111\u1ed9ng c\u1eadn bi\u00ean c\u1ee7a s\u1ef1 can thi\u1ec7p \u0111ang gi\u1ea3m d\u1ea7n v\u00e0 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 6 l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 ph\u00e1 v\u1ee1 th\u1ebf b\u1ebf t\u1eafc.<\/strong><\/p>\n

Theo d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c theo d\u00f5i b\u1edfi ACE Markets tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i v\u00e0 l\u00e3i su\u1ea5t, t\u00ednh \u0111\u1ebfn ng\u00e0y 2 th\u00e1ng 6, c\u1eb7p USD\/JPY dao \u0111\u1ed9ng quanh m\u1ee9c 159,5, gi\u1ea3m 1,7% trong th\u00e1ng qua, khi\u1ebfn n\u00f3 tr\u1edf th\u00e0nh lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 hi\u1ec7u su\u1ea5t k\u00e9m nh\u1ea5t trong s\u1ed1 c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 G10. T\u00ecnh tr\u1ea1ng b\u00e1n th\u00e1o tr\u00ean th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n ti\u1ebfp t\u1ee5c gia t\u0103ng, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 k\u1ef3 h\u1ea1n 30 n\u0103m v\u01b0\u1ee3t m\u1ee9c th\u1ea5p l\u1ecbch s\u1eed 4%. C\u00e1c cu\u1ed9c \u0111\u1ea5u gi\u00e1 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 k\u1ef3 h\u1ea1n 20 n\u0103m v\u00e0 40 n\u0103m li\u00ean ti\u1ebfp g\u1eb7p ph\u1ea3i s\u1ef1 \u0111\u00f3n nh\u1eadn n\u1ed3ng nhi\u1ec7t, v\u1edbi t\u1ef7 l\u1ec7 gi\u00e1 th\u1ea7u\/gi\u00e1 mua gi\u1ea3m m\u1ea1nh xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t. Th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 b\u1eaft \u0111\u1ea7u \u0111\u00e1nh gi\u00e1 l\u1ea1i kh\u1ea3 n\u0103ng thanh to\u00e1n t\u00e0i ch\u00ednh c\u1ee7a Nh\u1eadt B\u1ea3n.<\/p>\n

Ph\u00e2n t\u00edch c\u1ee7a ACE Markets cho th\u1ea5y r\u1eb1ng s\u1ef1 s\u1ee5t gi\u1ea3m \u0111\u1ed3ng th\u1eddi hi\u1ec7n t\u1ea1i c\u1ee7a c\u1ea3 tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7 l\u00e0 do hai y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i, x\u00e1c th\u1ef1c ch\u00e9o c\u00e1c \u0111\u00e1nh gi\u00e1 c\u1ed1t l\u00f5i c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c nh\u01b0 State Street Global Advisors v\u00e0 SBI FX Trade:<\/p>\n

<\/p>\n

    \n
  1. Nguy\u00ean nh\u00e2n s\u00e2u xa n\u1eb1m \u1edf s\u1ef1 kh\u00f4ng ph\u00f9 h\u1ee3p gi\u1eefa ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t v\u00e0 ch\u00ednh s\u00e1ch <\/strong>: M\u1eb7c d\u00f9 Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111\u00e3 t\u0103ng l\u00e3i su\u1ea5t ch\u00ednh s\u00e1ch l\u00ean kho\u1ea3ng 0,75% -1,00%, l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n v\u1eabn \u1edf m\u1ee9c tr\u00ean 2% trong 50 th\u00e1ng li\u00ean ti\u1ebfp v\u00e0 l\u00e3i su\u1ea5t th\u1ef1c v\u1eabn \u1edf m\u1ee9c \u00e2m s\u00e2u; s\u1ef1 ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t th\u1ef1c ng\u00e0y c\u00e0ng t\u0103ng gi\u1eefa M\u1ef9 v\u00e0 Nh\u1eadt B\u1ea3n \u0111\u00e3 c\u1ee7ng c\u1ed1 h\u01a1n n\u1eefa vai tr\u00f2 c\u1ee7a \u0111\u1ed3ng y\u00ean nh\u01b0 m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 t\u00e0i tr\u1ee3 trong c\u00e1c giao d\u1ecbch th\u1ef1c hi\u1ec7n. D\u1eef li\u1ec7u \u0111\u1ecbnh v\u1ecb c\u1ee7a CFTC cho th\u1ea5y c\u00e1c v\u1ecb th\u1ebf b\u00e1n \u0111\u1ed3ng y\u00ean c\u1ee7a c\u00e1c qu\u1ef9 c\u00f3 \u0111\u00f2n b\u1ea9y \u0111\u00e3 t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 7 n\u0103m 2024, v\u1edbi c\u00e1c v\u1ecb th\u1ebf b\u00e1n \u0111\u1ea7u c\u01a1 \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t l\u00e0 182 t\u1ef7 USD.<\/li>\n
  2. M\u1edf r\u1ed9ng t\u00e0i kh\u00f3a l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam m\u1ed1i lo ng\u1ea1i v\u1ec1 t\u00edn d\u1ee5ng <\/strong>: Vi\u1ec7c m\u1edf r\u1ed9ng t\u00e0i ch\u00ednh m\u1ea1nh m\u1ebd c\u1ee7a ch\u00ednh quy\u1ec1n Sanae Takaichi, bao g\u1ed3m ng\u00e2n s\u00e1ch k\u1ef7 l\u1ee5c 122 ngh\u00ecn t\u1ef7 y\u00ean c\u00f9ng v\u1edbi vi\u1ec7c c\u1eaft gi\u1ea3m thu\u1ebf quy m\u00f4 l\u1edbn, \u0111\u00e3 \u0111\u1ea9y t\u1ed5ng n\u1ee3 c\u1ee7a Nh\u1eadt B\u1ea3n l\u00ean 1342 ngh\u00ecn t\u1ef7 y\u00ean, v\u1edbi t\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean GDP v\u01b0\u1ee3t qu\u00e1 260%. Khi Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n b\u1eaft \u0111\u1ea7u th\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng v\u00e0 gi\u1ea3m m\u1ed9t n\u1eeda s\u1ed1 l\u01b0\u1ee3ng mua tr\u00e1i phi\u1ebfu, t\u1ea5m \u0111\u1ec7m an to\u00e0n \u201cng\u01b0\u1eddi mua cu\u1ed1i c\u00f9ng\u201d c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 b\u1ecb lo\u1ea1i b\u1ecf v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1eaft \u0111\u1ea7u y\u00eau c\u1ea7u ph\u1ea7n b\u00f9 r\u1ee7i ro cao h\u01a1n \u0111\u1ec3 trang tr\u1ea3i cho vi\u1ec7c m\u1edf r\u1ed9ng t\u00e0i ch\u00ednh. V\u00f2ng b\u00e1n n\u00e0y \u0111\u00e3 chuy\u1ec3n t\u1eeb giao d\u1ecbch l\u1ea1m ph\u00e1t \u0111\u01a1n gi\u1ea3n sang \u0111\u1ecbnh gi\u00e1 l\u1ea1i t\u00edn d\u1ee5ng c\u00f3 ch\u1ee7 quy\u1ec1n.<\/li>\n<\/ol>\n

    V\u1ec1 vi\u1ec7c th\u1ecb tr\u01b0\u1eddng t\u1eadp trung cao \u0111\u1ed9 v\u00e0o th\u1eddi \u0111i\u1ec3m can thi\u1ec7p v\u00e0 t\u0103ng l\u00e3i su\u1ea5t, vi\u1ec7c theo d\u00f5i \u0111\u1ecbnh gi\u00e1 l\u00e3i su\u1ea5t OIS c\u1ee7a ACE Markets cho th\u1ea5y x\u00e1c su\u1ea5t t\u0103ng l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n t\u1ea1i cu\u1ed9c h\u1ecdp ng\u00e0y 16 th\u00e1ng 6 c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111\u00e3 t\u0103ng l\u00ean 78%. B\u1ea5t ch\u1ea5p c\u00e1c t\u00edn hi\u1ec7u can thi\u1ec7p li\u00ean t\u1ee5c t\u1eeb B\u1ed9 T\u00e0i ch\u00ednh v\u00e0 \u0111\u1ee3t b\u01a1m ti\u1ec1n k\u1ef7 l\u1ee5c tr\u01b0\u1edbc \u0111\u00f3 \u0111\u1ec3 h\u1ed7 tr\u1ee3 th\u1ecb tr\u01b0\u1eddng, ACE Markets v\u1eabn \u0111\u1ed3ng \u00fd v\u1edbi \u0111\u00e1nh gi\u00e1 r\u1eb1ng \u201cs\u1ef1 can thi\u1ec7p ch\u1ec9 c\u00f3 th\u1ec3 mua th\u1eddi gian v\u00e0 kh\u00f4ng th\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng\u201d\u2014t\u00e1c \u0111\u1ed9ng c\u1eadn bi\u00ean c\u1ee7a vi\u1ec7c can thi\u1ec7p t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u01a1n gi\u1ea3n \u0111\u00e3 li\u00ean t\u1ee5c gi\u1ea3m \u0111i v\u00e0 n\u1ebfu n\u00f3 kh\u00f4ng th\u1ec3 t\u1ea1o ra s\u1ef1 ph\u1ed1i h\u1ee3p ch\u00ednh s\u00e1ch v\u1edbi vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng th\u00ec vi\u1ec7c \u0111\u1ed3ng y\u00ean gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ed1c 160 ch\u1ec9 l\u00e0 v\u1ea5n \u0111\u1ec1 th\u1eddi gian.<\/p>\n

    \"\u5c40\u90e8\u622a\u53d6_20260601_150802\"<\/strong><\/p>\n

    <\/a>Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n n\u1ed5i b\u1eadt: S\u1ef1 c\u1ed9ng h\u01b0\u1edfng c\u1ee7a \u1ea3o t\u01b0\u1edfng ti\u1ec1n t\u1ec7, l\u00e0n s\u00f3ng AI v\u00e0 tr\u1ecdng t\u00e0i to\u00e0n c\u1ea7u<\/strong><\/p>\n

    Tr\u00e1i ng\u01b0\u1ee3c ho\u00e0n to\u00e0n v\u1edbi s\u1ef1 s\u1ee5p \u0111\u1ed5 c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n \u0111ang b\u1eaft \u0111\u1ea7u m\u1ed9t \u0111\u1ee3t ph\u1ee5c h\u1ed3i \u0111\u1ed9c l\u1eadp mang t\u00ednh l\u1ecbch s\u1eed. D\u1eef li\u1ec7u c\u1ee7a ACE Markets cho th\u1ea5y ch\u1ec9 s\u1ed1 Nikkei 225 \u0111\u00e3 v\u01b0\u1ee3t m\u1ed1c 67.000 \u0111i\u1ec3m trong ng\u00e0y 2 th\u00e1ng 6, v\u1edbi m\u1ee9c t\u0103ng g\u1ea7n 30% t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay; Gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a SoftBank t\u0103ng 8% ch\u1ec9 trong m\u1ed9t ng\u00e0y, \u0111\u1ea9y v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng l\u00ean 46 ngh\u00ecn t\u1ef7 y\u00ean, ch\u00ednh th\u1ee9c v\u01b0\u1ee3t qua Toyota \u0111\u1ec3 tr\u1edf th\u00e0nh c\u00f4ng ty ni\u00eam y\u1ebft gi\u00e1 tr\u1ecb nh\u1ea5t Nh\u1eadt B\u1ea3n; v\u00e0 c\u00f4ng ty b\u1ed9 nh\u1edb b\u00e1n d\u1eabn Kioxia \u0111\u1ea1t m\u1ee9c t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m v\u01b0\u1ee3t qu\u00e1 525%, \u0111\u01b0a c\u00f4ng ty n\u00e0y l\u00ean v\u1ecb tr\u00ed th\u1ee9 ba v\u1ec1 v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng trong s\u1ed1 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft c\u1ee7a Nh\u1eadt B\u1ea3n.<\/p>\n

    Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u c\u1ee7a ACE Markets cho th\u1ea5y h\u1ed7 tr\u1ee3 c\u1ed1t l\u00f5i cho \u0111\u1ee3t t\u0103ng gi\u00e1 n\u00e0y c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd c\u1ee7a c\u00e1c n\u1ec1n t\u1ea3ng kinh t\u1ebf trong n\u01b0\u1edbc m\u00e0 l\u00e0 s\u1ef1 c\u1ed9ng h\u01b0\u1edfng c\u1ee7a ba y\u1ebfu t\u1ed1 ch\u00ednh:<\/p>\n

      \n
    1. \u1ea2o t\u01b0\u1edfng v\u1ec1 b\u00e1o c\u00e1o t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a ti\u1ec1n t\u1ec7 <\/strong>: Trong s\u1ed1 c\u00e1c c\u1ed5 phi\u1ebfu c\u1ea5u th\u00e0nh Nikkei 225, nh\u1eefng g\u00e3 kh\u1ed5ng l\u1ed3 nh\u01b0 Toyota v\u00e0 Sony c\u00f3 t\u1ef7 tr\u1ecdng doanh thu \u1edf n\u01b0\u1edbc ngo\u00e0i r\u1ea5t cao. S\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng y\u00ean t\u1eeb m\u1ee9c 130 xu\u1ed1ng m\u1ee9c 160 khi\u1ebfn l\u1ee3i nhu\u1eadn \u1edf n\u01b0\u1edbc ngo\u00e0i t\u0103ng h\u01a1n 20% khi chuy\u1ec3n \u0111\u1ed5i sang \u0111\u1ed3ng n\u1ed9i t\u1ec7. L\u1ee3i nhu\u1eadn trao \u0111\u1ed5i thu\u1ea7n t\u00fay n\u00e0y che \u0111\u1eady \u00e1p l\u1ef1c c\u1ee7a nhu c\u1ea7u trong n\u01b0\u1edbc y\u1ebfu v\u00e0 chi ph\u00ed gia t\u0103ng, h\u1ed7 tr\u1ee3 m\u1ee9c t\u0103ng tr\u01b0\u1edfng EPS c\u00f3 v\u1ebb \u1ea5n t\u01b0\u1ee3ng v\u00e0 tr\u1edf th\u00e0nh l\u00fd do c\u01a1 b\u1ea3n tr\u1ef1c ti\u1ebfp nh\u1ea5t cho m\u1ed9t th\u1ecb tr\u01b0\u1eddng t\u0103ng tr\u01b0\u1edfng.<\/li>\n
    2. T\u00e1c \u0111\u1ed9ng k\u00e9p c\u1ee7a c\u1ea3i c\u00e1ch th\u1ec3 ch\u1ebf v\u00e0 l\u00e0n s\u00f3ng c\u00f4ng ngh\u1ec7 <\/strong>: Cu\u1ed9c c\u1ea3i c\u00e1ch PBR do S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n Tokyo th\u00fac \u0111\u1ea9y \u0111\u00e3 bu\u1ed9c c\u00e1c c\u00f4ng ty ph\u1ea3i ti\u1ebfn h\u00e0nh mua l\u1ea1i c\u1ed5 phi\u1ebfu quy m\u00f4 l\u1edbn v\u00e0 t\u0103ng c\u1ed5 t\u1ee9c. K\u1ef3 v\u1ecdng c\u1ea3i thi\u1ec7n qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p \u0111\u00e3 thu h\u00fat m\u1ed9t l\u01b0\u1ee3ng l\u1edbn v\u1ed1n c\u00f3 gi\u00e1 tr\u1ecb to\u00e0n c\u1ea7u. \u0110\u1ed3ng th\u1eddi, thi\u1ebft b\u1ecb b\u00e1n d\u1eabn v\u00e0 c\u00e1c l\u0129nh v\u1ef1c li\u00ean quan \u0111\u1ebfn AI c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n c\u00f3 t\u1ef7 tr\u1ecdng c\u1ef1c cao. SoftBank, v\u1edbi kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0o OpenAI v\u00e0 tri\u1ec3n khai s\u1ee9c m\u1ea1nh t\u00ednh to\u00e1n AI, v\u00e0 Kioxia, \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb s\u1ef1 gia t\u0103ng nhu c\u1ea7u l\u01b0u tr\u1eef trung t\u00e2m d\u1eef li\u1ec7u to\u00e0n c\u1ea7u, \u0111\u00e3 khi\u1ebfn ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n tr\u1edf th\u00e0nh nh\u1eefng ng\u01b0\u1eddi h\u01b0\u1edfng l\u1ee3i tr\u1ef1c ti\u1ebfp t\u1eeb l\u00e0n s\u00f3ng s\u1ee9c m\u1ea1nh t\u00ednh to\u00e1n AI to\u00e0n c\u1ea7u, t\u00e1ch bi\u1ec7t ho\u00e0n to\u00e0n kh\u1ecfi chu k\u1ef3 kinh t\u1ebf trong n\u01b0\u1edbc.<\/li>\n
    3. Chi\u1ebfn l\u01b0\u1ee3c kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1 v\u0129 m\u00f4 to\u00e0n c\u1ea7u <\/strong>: C\u00e1c qu\u1ef9 d\u00e0i h\u1ea1n, do Buffett \u0111\u1ea1i di\u1ec7n, \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba r\u1ee7i ro c\u1ed5 \u0111i\u1ec3n l\u00e0 \u201cmua c\u1ed5 phi\u1ebfu Nh\u1eadt B\u1ea3n v\u00e0 b\u00e1n kh\u1ed1ng \u0111\u1ed3ng y\u00ean\u201d\u2014t\u1eadn d\u1ee5ng vi\u1ec7c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu b\u1eb1ng \u0111\u1ed3ng y\u00ean l\u00e3i su\u1ea5t th\u1ea5p \u0111\u1ec3 mua l\u1ea1i c\u00e1c c\u00f4ng ty th\u01b0\u01a1ng m\u1ea1i Nh\u1eadt B\u1ea3n \u0111\u1ed3ng th\u1eddi thu l\u1ee3i nhu\u1eadn t\u1eeb thu nh\u1eadp c\u1ed5 t\u1ee9c v\u00e0 l\u00e3i t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i do \u0111\u1ed3ng y\u00ean gi\u1ea3m gi\u00e1. Chi\u1ebfn l\u01b0\u1ee3c kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng n\u00e0y \u0111\u00e3 tr\u1edf th\u00e0nh th\u00f4ng l\u1ec7 ti\u00eau chu\u1ea9n trong giao d\u1ecbch v\u0129 m\u00f4 to\u00e0n c\u1ea7u v\u00e0o n\u0103m 2026, gi\u00fap ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n c\u00f3 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i v\u01b0\u1ee3t xa c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n trong n\u01b0\u1edbc.<\/li>\n<\/ol>\n

      <\/p>\n

      <\/a>\u0110\u00e1nh gi\u00e1 r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng c\u1ee7a ACE: B\u1ed1i c\u1ea3nh b\u1ecb chia c\u1eaft l\u00e0 kh\u00f4ng b\u1ec1n v\u1eefng; h\u00e3y c\u1ea3nh gi\u00e1c v\u1edbi nguy c\u01a1 lan t\u1ecfa to\u00e0n c\u1ea7u.<\/strong><\/p>\n

      Nh\u00f3m v\u0129 m\u00f4 c\u1ee7a ACE Markets k\u1ebft lu\u1eadn r\u1eb1ng s\u1ef1 ph\u00e2n k\u1ef3 c\u1ef1c \u0111\u1ed9 hi\u1ec7n t\u1ea1i \u1edf th\u1ecb tr\u01b0\u1eddng Nh\u1eadt B\u1ea3n\u2014\u201ctr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7 gi\u1ea3m, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n t\u0103ng\u201d\u2014l\u00e0 m\u1ed9t tr\u1ea1ng th\u00e1i chuy\u1ec3n ti\u1ebfp nguy hi\u1ec3m, kh\u00f4ng ph\u1ea3i l\u00e0 tr\u1ea1ng th\u00e1i \u1ed5n \u0111\u1ecbnh l\u00e2u d\u00e0i. R\u1ee7i ro c\u1ed1t l\u00f5i n\u1eb1m \u1edf hai kh\u00eda c\u1ea1nh ch\u00ednh:
      \n\u0110\u1ea7u ti\u00ean, s\u1ef1 mong manh c\u1ee7a c\u00e1n c\u00e2n trong n\u01b0\u1edbc. S\u1ef1 th\u1ecbnh v\u01b0\u1ee3ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n ho\u00e0n to\u00e0n \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng d\u1ef1a tr\u00ean s\u1ef1 m\u1ea5t gi\u00e1 li\u00ean t\u1ee5c c\u1ee7a \u0111\u1ed3ng Y\u00ean. M\u1ed9t khi \u0111\u1ed3ng y\u00ean m\u1ea5t gi\u00e1 v\u01b0\u1ee3t qu\u00e1 gi\u1edbi h\u1ea1n sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n, g\u00e2y ra k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t tr\u00e0n lan v\u00e0 bu\u1ed9c Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n ph\u1ea3i t\u0103ng l\u00e3i su\u1ea5t v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i, c\u00e1n c\u00e2n hi\u1ec7n t\u1ea1i s\u1ebd ngay l\u1eadp t\u1ee9c b\u1ecb ph\u00e1 v\u1ee1. Kh\u00f4ng ch\u1ec9 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p s\u1ebd gi\u1ea3m m\u1ea1nh do \u0111\u1ed3ng y\u00ean t\u0103ng gi\u00e1, m\u00e0 l\u00e0n s\u00f3ng giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u00e1 c\u0169ng s\u1ebd g\u00e2y ra s\u1ef1 \u0111\u1ea3o chi\u1ec1u d\u1eef d\u1ed9i c\u1ee7a d\u00f2ng v\u1ed1n to\u00e0n c\u1ea7u v\u00e0 bong b\u00f3ng \u0111\u1ecbnh gi\u00e1 ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n s\u1ebd ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi t\u00ecnh tr\u1ea1ng gi\u1ea3m ph\u00e1t nhanh ch\u00f3ng.
      \nTh\u1ee9 hai, r\u1ee7i ro tr\u00e0n t\u1eeb th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u. L\u00e0 qu\u1ed1c gia ch\u1ee7 n\u1ee3 l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi, s\u1ef1 h\u1ed7n lo\u1ea1n tr\u00ean th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n s\u1ebd g\u00e2y ra m\u1ed9t ph\u1ea3n \u1ee9ng d\u00e2y chuy\u1ec1n: c\u00e1c t\u1ed5 ch\u1ee9c b\u1ea3o hi\u1ec3m Nh\u1eadt B\u1ea3n, \u0111\u1ec3 b\u1ed5 sung thanh kho\u1ea3n trong n\u01b0\u1edbc, s\u1ebd b\u00e1n th\u00e1o \u1ed3 \u1ea1t c\u00e1c t\u00e0i s\u1ea3n \u1edf n\u01b0\u1edbc ngo\u00e0i nh\u01b0 tr\u00e1i phi\u1ebfu M\u1ef9 v\u00e0 ch\u00e2u \u00c2u, t\u1eeb \u0111\u00f3 truy\u1ec1n r\u1ee7i ro t\u00e0i ch\u00ednh v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a Nh\u1eadt B\u1ea3n sang th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu to\u00e0n c\u1ea7u v\u00e0 l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam \u00e1p l\u1ef1c c\u1ee7a m\u00f4i tr\u01b0\u1eddng l\u1ee3i su\u1ea5t cao to\u00e0n c\u1ea7u.<\/p>\n

      Trong ng\u1eafn h\u1ea1n, cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n v\u00e0o ng\u00e0y 16\/6 s\u1ebd l\u00e0 m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng. N\u1ebfu ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng l\u00e3i su\u1ea5t nh\u01b0 k\u1ef3 v\u1ecdng v\u00e0 \u0111\u01b0a ra t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch di\u1ec1u h\u00e2u h\u01a1n, c\u00f9ng v\u1edbi s\u1ef1 can thi\u1ec7p \u0111\u1ed3ng th\u1eddi c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh v\u00e0o th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i, \u0111\u1ed3ng Y\u00ean d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c m\u1ed9t s\u1ed1 h\u1ed7 tr\u1ee3 trong ng\u1eafn h\u1ea1n. Tuy nhi\u00ean, n\u1ebfu ch\u00ednh s\u00e1ch\u529b\u5ea6 (c\u01b0\u1eddng \u0111\u1ed9\/s\u1ee9c m\u1ea1nh) k\u00e9m h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200bth\u00ec r\u1ea5t c\u00f3 th\u1ec3 \u0111\u1ed3ng y\u00ean s\u1ebd gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ee9c 160 v\u00e0 l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n s\u1ebd t\u0103ng th\u00eam.<\/p>","protected":false},"excerpt":{"rendered":"

      Th\u00e1ng 6 n\u0103m 2026 Nh\u1eadt B\u1ea3n: Nikkei t\u0103ng m\u1ea1nh, \u0111\u1ed3ng y\u00ean suy y\u1ebfu, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu \u0111\u1ea1t k\u1ef7 l\u1ee5c. ACE Markets ph\u00e2n t\u00edch s\u1ef1 kh\u00e1c bi\u1ec7t v\u00e0 r\u1ee7i ro to\u00e0n c\u1ea7u ti\u1ec1m \u1ea9n.<\/p>","protected":false},"author":1,"featured_media":9501,"comment_status":"closed","ping_status":"closed","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":[115],"tags":[769,771,770],"class_list":["post-9500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-fiscal-expansion","tag-japan-financial-market","tag-japanese-government-bonds"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/comments?post=9500"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9500\/revisions"}],"predecessor-version":[{"id":9505,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9500\/revisions\/9505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/9501"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=9500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=9500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=9500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}