{"id":45074,"date":"2026-04-20T20:20:45","date_gmt":"2026-04-20T20:20:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/hsbc-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4-%ea%b8%88-%ea%b1%b0%eb%9e%98-%eb%b3%80%eb%8f%99%ec%84%b1-%ed%99%95%eb%8c%80-%ed%9b%84-%eb%8b%ac%eb%9f%ac-%ec%95%bd%ec%84%b8%ec%97%90-%ed%9e%98\/"},"modified":"2026-04-20T20:20:45","modified_gmt":"2026-04-20T20:20:45","slug":"hsbc-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4-%ea%b8%88-%ea%b1%b0%eb%9e%98-%eb%b3%80%eb%8f%99%ec%84%b1-%ed%99%95%eb%8c%80-%ed%9b%84-%eb%8b%ac%eb%9f%ac-%ec%95%bd%ec%84%b8%ec%97%90-%ed%9e%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/hsbc-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4-%ea%b8%88-%ea%b1%b0%eb%9e%98-%eb%b3%80%eb%8f%99%ec%84%b1-%ed%99%95%eb%8c%80-%ed%9b%84-%eb%8b%ac%eb%9f%ac-%ec%95%bd%ec%84%b8%ec%97%90-%ed%9e%98\/","title":{"rendered":"HSBC \uc804\ub7b5\uac00\ub4e4 \u201c\uae08 \uac70\ub798 \ubcc0\ub3d9\uc131 \ud655\ub300 \ud6c4 \ub2ec\ub7ec \uc57d\uc138\uc5d0 \ud798\uc785\uc5b4 4,800\ub2ec\ub7ec \uadfc\ucc98\uc5d0\uc11c \uc548\uc815\uc138\u201d"},"content":{"rendered":"

\uc62c\ud574 \uae08\uac12\uc740 \uc628\uc2a4\ub2f9 \uc57d 4,405\ub2ec\ub7ec~5,450\ub2ec\ub7ec \uc0ac\uc774\uc5d0\uc11c \ud070 \ud3ed\uc73c\ub85c \ucd9c\ub801\uc778 \ub4a4, \ucd5c\uadfc 4,800\ub2ec\ub7ec \ubd80\uadfc\uc5d0\uc11c \uc6c0\uc9c1\uc774\uace0 \uc788\ub2e4. \uace0\uc810\uc740 1\uc6d4 30\uc77c \uc57d 5,450\ub2ec\ub7ec, \uc800\uc810\uc740 3\uc6d4 23\uc77c \uc57d 4,405\ub2ec\ub7ec\uc600\ub2e4.<\/p>\n

\uac00\uaca9 \ud558\ub77d\uc740 \ub300\uaddc\ubaa8 \ub9e4\ub3c4\uc640 \ud568\uaed8 \ub2ec\ub7ec \uac15\uc138, \ubbf8\uad6d \uad6d\ucc44\uae08\ub9ac \uc0c1\uc2b9, \uc720\uac00 \uc0c1\uc2b9, \uc8fc\uc2dd\uc2dc\uc7a5 \uc57d\uc138, \uc911\ub3d9 \ubd84\uc7c1 \uc9c0\uc18d\uc774 \uacb9\uce5c \uc601\ud5a5\uc73c\ub85c \ud574\uc11d\ub41c\ub2e4. \ubd84\uc7c1\uc774 \uaca9\ud654\ub41c \uc774\ud6c4 \uc2dc\uc7a5\uc740 2026\ub144 \ub9d0\uae4c\uc9c0 \uc608\uc0c1\ub418\ub358 \ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\uc5f0\uc900)\uc758 \uc644\ud654 \ud3ed\uc5d0\uc11c \ucd5c\uc18c 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.25%\ud3ec\uc778\ud2b8)\ub97c \ub35c \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud588\ub294\ub370, \uc774\ub294 \uae08\uc5d0 \ubd80\ub2f4\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

Near Term Price Drivers<\/h3>\n

\ub2e8\uae30\uc801\uc73c\ub85c \uae08\uc740 \ub274\uc2a4(\ud5e4\ub4dc\ub77c\uc778)\uc5d0 \ub530\ub77c \uc6c0\uc9c1\uc600\uace0, \uc678\ud658\uc2dc\uc7a5\uc740 \uc9c0\uc815\ud559\uc801 \uc704\ud5d8 \ubcc0\ud654\uc5d0 \ubbfc\uac10\ud558\uac8c \ubc18\uc751\ud588\ub2e4. \uae34\uc7a5\uc774 \ub192\uc544\uc9c0\uba74 \uc548\uc804\uc790\uc0b0 \uc120\ud638\ub85c \ub2ec\ub7ec\uac00 \uac15\ud574\uc9c0\ub294 \uacbd\ud5a5\uc774 \uc788\uc5c8\uace0, \uae34\uc7a5\uc774 \uc644\ud654\ub418\uba74 \ub2ec\ub7ec\uac00 \uc57d\ud574\uc9c0\ub294 \ud750\ub984\uc774 \ub098\ud0c0\ub0ac\ub2e4.<\/p>\n

\uc7a5\uae30\uc801\uc73c\ub85c\ub294 \ub2ec\ub7ec \uc57d\uc138 \uac00\ub2a5\uc131\uacfc \uad6c\uc870\uc801(\uc7a5\uae30\uc801\uc73c\ub85c \uc9c0\uc18d\ub420 \uc218 \uc788\ub294) \uc704\ud5d8 \uc694\uc778\uc774 \uae08\uc744 \uc9c0\uc9c0\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \uc8fc\uc694 \uc694\uc778\uc73c\ub85c\ub294 \uc9c0\uc815\ud559\uc801 \uc704\ud5d8, \uacbd\uc81c\uc815\ucc45 \ubd88\ud655\uc2e4\uc131, \ub2ec\ub7ec \uc57d\uc138 \uac00\ub2a5\uc131, \uad6d\uc81c\uc9c8\uc11c \ubcc0\ud654, \uc911\uc559\uc740\ud589\uc758 \uc9c0\uc18d\uc801\uc778 \uae08 \ub9e4\uc785 \uc218\uc694\uac00 \uac70\ub860\ub41c\ub2e4.<\/p>\n

\uacf5\uae09 \uce21\uba74\uc5d0\uc11c\ub294 2026~27\ub144 \uad11\uc0b0 \uc0dd\uc0b0\ub7c9\uc774 \uc18c\ud3ed \uc99d\uac00\ud560 \uc804\ub9dd\uc774\ub2e4. \uc7ac\ud65c\uc6a9(\uc2a4\ud06c\ub7a9 \uae08 \ud68c\uc218)\uc740 \uc9c0\uae08\uae4c\uc9c0 \ubc18\uc751\uc774 \uc81c\ud55c\uc801\uc774\uc5c8\uc73c\ub098, \ud5a5\ud6c4\uc5d0\ub294 \uc99d\uac00 \ud3ed\uc774 \ucee4\uc9c8 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \ub2e4\ub9cc \uac00\uaca9\uc774 \ub192\uc544\uc9c0\uba74\uc11c \ubcf4\uc11d(\uc8fc\uc5bc\ub9ac)\uacfc \uae08\ud654(\ucf54\uc778) \uc218\uc694\ub294 \uc904\uace0 \uc788\uc73c\uba70, \ud2b9\ud788 \uac00\uaca9\uc5d0 \ubbfc\uac10\ud55c \uc2e0\ud765\uad6d\uc5d0\uc11c \uac10\uc18c\uac00 \ub450\ub4dc\ub7ec\uc9c0\uace0 \uc120\uc9c4\uad6d\uc5d0\uc11c\ub3c4 \uc57d\uc138\uac00 \uc810\ucc28 \ud655\ub300\ub418\uace0 \uc788\ub2e4.<\/p>\n

\uc62c\ud574 \uae08\uc740 1\uc6d4 \uc0ac\uc0c1 \ucd5c\uace0\uce58\uc778 5,450\ub2ec\ub7ec \uadfc\ucc98\uc5d0\uc11c 3\uc6d4 \ub9d0 4,405\ub2ec\ub7ec\uae4c\uc9c0 \uae09\ub77d\ud558\ub294 \ub4f1 \ubcc0\ub3d9\uc131\uc774 \ucef8\ub2e4. \uc774\ud6c4 4,800\ub2ec\ub7ec \uc218\uc900\uc73c\ub85c\uc758 \ubc18\ub4f1\uc740 \ub300\uaddc\ubaa8 \uccad\uc0b0(\ub808\ubc84\ub9ac\uc9c0 \ud3ec\uc9c0\uc158\uc744 \uac15\uc81c\ub85c \uc815\ub9ac\ud558\uac70\ub098 \uc190\uc2e4 \ud655\ub300\ub85c \ud3ec\uc9c0\uc158\uc744 \uc904\uc774\ub294 \ub9e4\ub3c4) \uc774\ud6c4 \uc228 \uace0\ub974\uae30(\ubc15\uc2a4\uad8c \uc870\uc815) \uad6d\uba74\uc5d0 \ub4e4\uc5b4\uac14\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \ud5e4\ub4dc\ub77c\uc778\uc5d0 \ub530\ub978 \uae09\uaca9\ud55c \ubcc0\ub3d9 \uac00\ub2a5\uc131\uc5d0 \uc720\uc758\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n

Potential Trading Approaches<\/h3>\n

\ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 \uac00\uaca9\uc740 \ubbf8\uad6d \uacbd\uc81c\uc9c0\ud45c\uc640 \uc9c0\uc815\ud559\uc801 \uc704\ud5d8 \ubcc0\ud654\uc5d0 \ubbfc\uac10\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ub2ec\ub7ec\uc778\ub371\uc2a4(DXY\u00b7\uc8fc\uc694 6\uac1c \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218)\ub294 105\ub97c \uc6c3\ub3cc\uba70 \uac15\uc138\ub97c \uc720\uc9c0\ud558\uace0 \uc788\ub2e4. 3\uc6d4 CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)\uac00 \ubb3c\uac00 \uc0c1\uc2b9\ub960 3.1%\ub85c \ub454\ud654\uac00 \uc81c\ud55c\uc801\uc784\uc744 \ubcf4\uc5ec\uc8fc\uba74\uc11c, \uc5f0\uc900\uc758 \ub2e8\uae30 \uae08\ub9ac\uc778\ud558 \uae30\ub300\uac00 \uc57d\ud574\uc9c4 \uc601\ud5a5\uc774\ub2e4. \uc774 \ud658\uacbd\uc5d0\uc11c\ub294 \uae08\uac12\uc758 \ub2e8\uae30 \uc0c1\ubc29\uc774 \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uc774\ucc98\ub7fc \ub2e8\uae30 \ubc29\ud5a5\uc131\uc774 \ubd88\ud655\uc2e4\ud560 \ub54c\ub294 \ubc15\uc2a4\uad8c(\uc77c\uc815 \ubc94\uc704 \ub0b4 \ub4f1\ub77d) \uc7a5\uc138\uc5d0 \uc720\ub9ac\ud55c \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ud604\ubb3c(\ub610\ub294 \uc120\ubb3c) \ub9e4\uc218 \ud3ec\uc9c0\uc158\uc744 \ubcf4\uc720\ud55c \uc0c1\ud0dc\uc5d0\uc11c \uc678\uac00\uaca9(\ud604\uc7ac \uac00\uaca9\uc5d0\uc11c \uba40\ub9ac \ub5a8\uc5b4\uc9c4 \ud589\uc0ac\uac00) \ucf5c\uc635\uc158\uc744 \ub9e4\ub3c4\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4. \ucf5c\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc73c\ub85c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ud314\uc544 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \uc218\ucde8\ud574 \uc218\uc775\uc744 \ub178\ub9ac\uba74\uc11c, \ucd94\uc138\uac00 \ubd84\uba85\ud574\uc9c8 \ub54c\uae4c\uc9c0 \uc2dc\uac04\uc744 \ubc8c \uc218 \uc788\ub2e4. \ubcc0\ub3d9\uc131\uc774 \ub192\uc740 \uad6c\uac04\uc5d0\uc11c \ucd94\uac00\uc801\uc778 \ubc29\ud5a5\uc131 \ubca0\ud305\uc744 \ud06c\uac8c \ub298\ub9ac\uc9c0 \uc54a\uace0\ub3c4 \ud504\ub9ac\ubbf8\uc5c4 \uc218\uc775\uc744 \ucd94\uad6c\ud558\ub294 \uc811\uadfc\uc774\ub2e4.<\/p>\n

\ub2e4\ub9cc \uc7a5\uae30 \uc804\ub9dd\uc740 \ub2ec\ub7ec \uc57d\uc138\ub85c\uc758 \uc804\ud658 \uac00\ub2a5\uc131\uacfc \uc911\uc559\uc740\ud589 \uc218\uc694\ub97c \uadfc\uac70\ub85c \uc5ec\uc804\ud788 \uc6b0\ud638\uc801\uc774\ub77c\ub294 \ud3c9\uac00\uac00 \ub9ce\ub2e4. 2025\ub144\uc5d0 \uc774\uc5b4 \uc774 \ud750\ub984\uc774 \uc774\uc5b4\uc84c\uace0, 2026\ub144 1\ubd84\uae30(Q1) \ub370\uc774\ud130\uc5d0\uc11c\ub3c4 \uc911\uc559\uc740\ud589\ub4e4\uc774 \ubcf4\uc720\uace0\uc5d0 250\ud1a4 \uc774\uc0c1\uc744 \ucd94\uac00\ud55c \uac83\uc73c\ub85c \ud655\uc778\ub410\ub2e4. \uc774\ub7f0 \uad6c\uc870\uc801 \uc218\uc694\ub294 \uc2dc\uc7a5\uc758 \ud558\ub2e8(\uac00\uaca9 \ubc29\uc5b4\uc120)\uc744 \ud615\uc131\ud558\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\uc7a5\uae30\uc801\uc778 \uc0c1\uc2b9 \ubaa8\uba58\ud140\uc5d0 \ub300\ube44\ud558\ub824\uba74 \ub9cc\uae30\uac00 \uae34 \ucf5c\uc635\uc158\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\uc2dd\ub3c4 \uac80\ud1a0\ud560 \ub9cc\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4 2027\ub144 \ucd08 \ub9cc\uae30 \uc0c1\ud488\uc744 \ud65c\uc6a9\ud558\uba74, \uc5f0\uc900\uc758 \uc815\ucc45 \ubcc0\ud654(\uae08\ub9ac\uc778\ud558 \uc804\ud658)\ub098 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uc7ac\ud655\ub300\uc5d0 \ub530\ub978 \ud6c4\ud589 \ub7a0\ub9ac \uac00\ub2a5\uc131\uc5d0 \ub178\ucd9c\ub420 \uc218 \uc788\ub2e4. \ubd88\ucf5c\uc2a4\ud504\ub808\ub4dc(\ub0ae\uc740 \ud589\uc0ac\uac00 \ucf5c\uc744 \uc0ac\uace0, \ub354 \ub192\uc740 \ud589\uc0ac\uac00 \ucf5c\uc744 \ud568\uaed8 \ud30c\ub294 \uad6c\uc870)\ucc98\ub7fc \uc2a4\ud504\ub808\ub4dc \uc804\ub7b5\uc744 \uc4f0\uba74 \ucd08\uae30 \ube44\uc6a9(\ud504\ub9ac\ubbf8\uc5c4 \uc9c0\ucd9c)\uc744 \uc904\uc774\uba74\uc11c \uc7a5\uae30 \uac15\uc138 \ud3ec\uc9c0\uc158\uc744 \uad6c\uc131\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\ub864\ub7ec\ucf54\uc2a4\ud130 \uae08\uac12\u201d \uc628\uc2a4\ub2f9 5,450\ub2ec\ub7ec \uace0\uc810 \ud6c4 4,405\ub2ec\ub7ec \uae09\ub77d, 4,800\ub2ec\ub7ec\ub300 \uc228\uace0\ub974\uae30. \ub2ec\ub7ec\u00b7\uae08\ub9ac\u00b7\uc720\uac00\u00b7\uc911\ub3d9 \ubcc0\uc218\uc5d0 \ub2e8\uae30 \ubc15\uc2a4\uad8c, \uc7a5\uae30\ub860 \ub2ec\ub7ec\uc57d\uc138\u00b7\uc911\uc559\uc740\ud589 \ub9e4\uc785\uc774 \ud558\ub2e8 \uc9c0\uc9c0.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45074","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=45074"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45074\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}