{"id":43570,"date":"2026-03-28T06:02:03","date_gmt":"2026-03-28T06:02:03","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/dbs-ekonomisti-chua-han-teng-orta-dogudaki-catisma-soklarinin-tayland-bahti-ve-hisse-senetleri-uzerinde-baski-yarattigini-bunun-da-tayland-merkez-bankasinin-bot-durusunu-zorladig\/"},"modified":"2026-03-28T06:02:03","modified_gmt":"2026-03-28T06:02:03","slug":"dbs-ekonomisti-chua-han-teng-orta-dogudaki-catisma-soklarinin-tayland-bahti-ve-hisse-senetleri-uzerinde-baski-yarattigini-bunun-da-tayland-merkez-bankasinin-bot-durusunu-zorladig","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/dbs-ekonomisti-chua-han-teng-orta-dogudaki-catisma-soklarinin-tayland-bahti-ve-hisse-senetleri-uzerinde-baski-yarattigini-bunun-da-tayland-merkez-bankasinin-bot-durusunu-zorladig\/","title":{"rendered":"DBS ekonomisti Chua Han Teng, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fma \u015foklar\u0131n\u0131n Tayland baht\u0131 ve hisse senetleri \u00fczerinde bask\u0131 yaratt\u0131\u011f\u0131n\u0131, bunun da Tayland Merkez Bankas\u0131\u2019n\u0131n (BOT) duru\u015funu zorlad\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor"},"content":{"rendered":"Tayland\u2019\u0131n finansal piyasalar\u0131, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fmaya ba\u011fl\u0131 emtia (petrol, do\u011falgaz, tar\u0131m girdileri gibi temel ham maddeler) fiyat \u015foklar\u0131na maruziyet nedeniyle bask\u0131 alt\u0131nda kald\u0131. Raporda Tayland baht\u0131 (THB) ve hisse senetleri \u00f6ne \u00e7\u0131kar\u0131l\u0131yor; son hareketler, \u0130ran sava\u015f\u0131 kaynakl\u0131 enflasyon riskleriyle ili\u015fkilendiriliyor.\n\nAy ba\u015f\u0131ndan bu yana Tayland baht\u0131 %5,3 geriledi; bu da onu ASEAN-6 (G\u00fcneydo\u011fu Asya\u2019daki 6 b\u00fcy\u00fck ekonomi grubu) i\u00e7inde en k\u00f6t\u00fc performans g\u00f6steren para birimi yapt\u0131. Ayn\u0131 d\u00f6nemde, g\u00f6sterge Tayland hisse endeksi %5,8 d\u00fc\u015ft\u00fc.\n\n<h3>Enflasyon Riskleri ve Politika K\u0131s\u0131tlar\u0131<\/h3>\nRapora g\u00f6re \u0130ran sava\u015f\u0131yla artan enflasyon riskleri, Tayland Merkez Bankas\u0131\u2019n\u0131n (BoT) ek gev\u015feme (faiz indirimi) alan\u0131n\u0131 daraltabilir. Piyasalar, en az \u00f6n\u00fcm\u00fczdeki alt\u0131 ay politika faizinin de\u011fi\u015fmeden kalaca\u011f\u0131n\u0131 fiyatl\u0131yor.\n\nBoT, \u015eubat\u2019ta politika faizini %1,00\u2019e indirdi; rapor, arz \u015fokunun (\u00fcretim\/tedarik aksamas\u0131 nedeniyle maliyetlerin y\u00fckselmesi) ne kadar s\u00fcrece\u011fini izlemeyi bekliyor. Ayr\u0131ca fiyat bask\u0131lar\u0131n\u0131n enerji ve g\u00fcbrenin \u00f6tesine yay\u0131l\u0131p yay\u0131lmad\u0131\u011f\u0131na, bunun da enflasyon beklentilerini (hanehalk\u0131 ve \u015firketlerin gelecekteki fiyat art\u0131\u015f\u0131 \u00f6ng\u00f6r\u00fcs\u00fc) ve ikinci tur etkileri (artan maliyetlerin daha geni\u015f fiyatlara yans\u0131mas\u0131) tetikleyip tetiklemedi\u011fine dikkat \u00e7ekiyor.\n\nEmtia fiyatlar\u0131, uzayan bir \u0130ran sava\u015f\u0131 nedeniyle y\u00fcksek kal\u0131rsa, rapora g\u00f6re piyasa beklentileri BoT\u2019nin olas\u0131 faiz art\u0131\u015f\u0131na kayabilir.\n\n<h3>Baht Faizi ve Hisseler \u0130\u00e7in \u0130\u015flem Sonu\u00e7lar\u0131<\/h3>\nTahvil piyasas\u0131 \u015fu anda \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fe kadar %45 olas\u0131l\u0131kla faiz art\u0131\u015f\u0131n\u0131 fiyatl\u0131yor; bu, ge\u00e7en y\u0131lki n\u00f6tr duru\u015ftan belirgin bir sapma. Bu belirsizlik, Tayland baht\u0131nda \u201cuzun oynakl\u0131k\u201d (kurda sert hareketten, y\u00f6n fark etmeksizin kazan\u00e7 hedefleyen yakla\u015f\u0131m) i\u015flemlerini \u00f6ne \u00e7\u0131kar\u0131yor. Bunun i\u00e7in opsiyon straddle gibi ara\u00e7lar kullan\u0131labilir; straddle, ayn\u0131 vadede hem al\u0131m (call) hem sat\u0131m (put) opsiyonu alarak kurda b\u00fcy\u00fck bir hareket olursa kazan\u00e7 hedefleyen bir stratejidir.\n\nHisse piyasas\u0131 da bask\u0131y\u0131 yans\u0131t\u0131yor; SET endeksi, s\u00fcren yabanc\u0131 \u00e7\u0131k\u0131\u015flar\u0131 (yabanc\u0131 yat\u0131r\u0131mc\u0131n\u0131n hisse satarak piyasadan para \u00e7ekmesi) nedeniyle toparlanmakta zorlan\u0131yor. Bu \u00e7eyrekte yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n Tayland hisselerinden 800 milyon dolar\u0131n \u00fczerinde \u00e7\u0131k\u0131\u015f yapt\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcyor. Yat\u0131r\u0131mc\u0131lar, mevcut uzun pozisyonlar\u0131 korumak i\u00e7in endeks vadeli i\u015flemlerini (endekse dayal\u0131 vadeli s\u00f6zle\u015fmeler) hedge (riski s\u0131n\u0131rlama) ama\u00e7l\u0131 kullanabilir ya da d\u00fc\u015f\u00fc\u015ften yararlanmak i\u00e7in k\u0131sa pozisyon (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne oynayan i\u015flem) a\u00e7abilir.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b>\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Orta Do\u011fu gerilimi Tayland\u2019\u0131 vurdu: emtia \u015foklar\u0131 baht\u0131 ay ba\u015f\u0131ndan beri %5,3, SET endeksini %5,8 d\u00fc\u015f\u00fcrd\u00fc. Enflasyon BoT\u2019nin gev\u015feme alan\u0131n\u0131 daralt\u0131yor; piyasada volatilite\/hedge stratejileri \u00f6ne \u00e7\u0131k\u0131yor.<\/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-43570","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\/tr-mena\/wp-json\/wp\/v2\/posts\/43570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=43570"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43570\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}