G\u00fcney Kore\u2019nin cari i\u015flemler dengesi \u015eubat ay\u0131nda 23,19 milyar dolara y\u00fckseldi. \u00d6nceki d\u00f6nemde 13,26 milyar dolard\u0131.<\/p>\n
G\u00fcney Kore\u2019nin cari i\u015flemler fazlas\u0131ndaki (\u00fclkenin d\u0131\u015f d\u00fcnyadan net d\u00f6viz giri\u015fi) sert art\u0131\u015f, G\u00fcney Kore wonu (KRW) i\u00e7in g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f i\u015faretidir. Y\u00fcksek d\u00f6viz giri\u015fi, wonun ABD dolar\u0131 kar\u015f\u0131s\u0131nda de\u011fer kazanmas\u0131 (USD\/KRW kurunun d\u00fc\u015fmesi) y\u00f6n\u00fcnde bask\u0131 olu\u015fturur. Bu nedenle \u00f6n\u00fcm\u00fczdeki haftalarda daha d\u00fc\u015f\u00fck USD\/KRW beklentisiyle, won al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131) almak veya USD al\u0131m opsiyonu satmak de\u011ferlendirilebilir.<\/p>\n
Bu fazla tek seferlik de\u011fil. Mart ay\u0131na ait \u00f6nc\u00fc ticaret verileri, yar\u0131 iletken (\u00e7ip) ihracat\u0131n\u0131n y\u0131ll\u0131k bazda %40\u2019\u0131n \u00fczerinde artt\u0131\u011f\u0131n\u0131 ve bunun \u00fcst \u00fcste sekizinci b\u00fcy\u00fcme ay\u0131 oldu\u011funu g\u00f6sterdi. G\u00fc\u00e7l\u00fc ihracat, KOSPI endeksinde yer alan b\u00fcy\u00fck \u015firketlerin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 do\u011frudan destekler. Bu da geni\u015f piyasa y\u00fckseli\u015finden yararlanmak i\u00e7in KOSPI 200 endeks vadeli kontratlar\u0131n\u0131 (futures: ileri tarihte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) almay\u0131 cazip k\u0131lar.<\/p>\n
Bu kadar g\u00fc\u00e7l\u00fc bir d\u0131\u015f denge, Kore Merkez Bankas\u0131\u2019na (BOK) enflasyonla m\u00fccadele i\u00e7in faizleri daha s\u0131k\u0131 tutma alan\u0131 sa\u011flar. Enflasyon h\u00e2l\u00e2 %2 hedefinin biraz \u00fczerinde seyrediyor. 2025\u2019in sonlar\u0131nda BOK\u2019un \u201c\u015fahin\u201d duru\u015fu (faiz art\u0131r\u0131m\u0131 ya da s\u0131k\u0131 para politikas\u0131 e\u011filimi) k\u00fcresel belirsizlik d\u00f6neminde para birimini istikrara kavu\u015fturmu\u015ftu. Bu nedenle wonu zay\u0131flatabilecek ani bir \u201cg\u00fcvercin\u201d d\u00f6n\u00fc\u015f (faiz indirimi e\u011filimi) riski \u015fimdilik d\u00fc\u015f\u00fck g\u00f6r\u00fcn\u00fcyor.<\/p>\n
Hisse t\u00fcrevleri a\u00e7\u0131s\u0131ndan, iShares MSCI South Korea ETF\u2019inde (EWY) ima edilen oynakl\u0131k (implied volatility: opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) kademeli olarak geriliyor. Bu durum, Kore piyasas\u0131ndaki g\u00fc\u00e7lenmeye maruz kalmak i\u00e7in ETF \u00fczerinde al\u0131m opsiyonu almay\u0131 maliyet a\u00e7\u0131s\u0131ndan daha elveri\u015fli hale getirir. Bu yakla\u015f\u0131m\u0131n risk-getiri dengesi, 2025 ortas\u0131nda k\u00fcresel tedarik zinciri endi\u015feleri nedeniyle oynakl\u0131\u011f\u0131n y\u00fcksek kald\u0131\u011f\u0131 ge\u00e7en y\u0131la g\u00f6re daha iyi g\u00f6r\u00fcn\u00fcyor.<\/p>\n
G\u00fcney Kore cari fazla \u015eubat\u2019ta 23,19 milyar dolara s\u0131\u00e7rad\u0131: won i\u00e7in y\u00fckseli\u015f sinyali. \u00c7ip ihracat\u0131 g\u00fc\u00e7leniyor, KOSPI\u2019ye destek. BOK \u015fahin kalabilir; d\u00fc\u015f\u00fck oynakl\u0131kla EWY\/hisse-opsiyonlar\u0131 cazip.<\/p>\n","protected":false},"author":0,"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-44164","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\/44164","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"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=44164"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}