\u00c7in\u2019de M2 para arz\u0131 Nisan\u2019da y\u0131ll\u0131k bazda %8,6 artt\u0131. Piyasa beklentisi %8,5\u2019ti.<\/p>\n
Nisan verisi tahminin 0,1 puan \u00fczerinde geldi. Bu veri, ekonomideki paran\u0131n geni\u015f kapsaml\u0131 bir g\u00f6stergesi olan M2\u2019deki y\u0131ll\u0131k b\u00fcy\u00fcmeyi g\u00f6sterir. (M2: Nakit para ve vadesiz mevduatlar\u0131n yan\u0131 s\u0131ra vadeli mevduat gibi daha kolay nakde \u00e7evrilebilen tasarruflar\u0131 da i\u00e7eren geni\u015f para tan\u0131m\u0131.)<\/p>\n
\u00c7in\u2019de M2\u2019nin Nisan\u2019da beklentiden h\u0131zl\u0131 artmas\u0131, merkez bankas\u0131n\u0131n ekonomiye daha fazla likidite (piyasada i\u015flem yapmay\u0131 kolayla\u015ft\u0131ran para ve fon bollu\u011fu) vermeyi s\u00fcrd\u00fcrd\u00fc\u011f\u00fcne i\u015faret ediyor. Bu, b\u00fcy\u00fcmeyi desteklemek ve finansal istikrar\u0131 korumak i\u00e7in at\u0131lan net bir ad\u0131m olarak okunabilir. Bu destekleyici para politikas\u0131n\u0131n (faiz ve kredi ko\u015fullar\u0131n\u0131 gev\u015feten yakla\u015f\u0131m) s\u00fcrmesi olas\u0131; \u00f6zellikle 2026\u2019n\u0131n 1. \u00e7eyre\u011finde GSYH b\u00fcy\u00fcmesinin %4,8 ile zay\u0131f kalmas\u0131 bunu destekliyor. (GSYH: Bir \u00fclkede belirli d\u00f6nemde \u00fcretilen toplam mal ve hizmetin parasal de\u011feri.)<\/p>\n
Fazla likidite \u00e7o\u011fu zaman varl\u0131k fiyatlar\u0131n\u0131 (hisse, emtia gibi yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n fiyatlar\u0131) yukar\u0131 iter. Bu nedenle \u00c7in hisselerine bak\u0131\u015f daha olumlu olabilir. CSI 300 endeksi (\u015eanghay ve Shenzhen borsalar\u0131ndaki b\u00fcy\u00fck ve likit 300 \u015firketi izleyen g\u00f6sterge endeks) \u015eubat 2026\u2019daki diplerden bu yana %9\u2019un \u00fczerinde y\u00fckseldi; politika deste\u011fi yeni bir y\u00fckseli\u015f dalgas\u0131n\u0131 besleyebilir. B\u00fcy\u00fck \u00c7in hisse endekslerinde al\u0131m opsiyonu (belirli bir tarihe kadar belirli fiyattan alma hakk\u0131 veren t\u00fcrev \u00fcr\u00fcn) de\u011ferlendirmek, yak\u0131n haftalardaki olas\u0131 y\u00fckseli\u015ften yararlanmak i\u00e7in se\u00e7enek olabilir.<\/p>\n
\u00d6te yandan para arz\u0131n\u0131n geni\u015flemesi genellikle yerel para birimi \u00fczerinde de\u011fer kayb\u0131 bask\u0131s\u0131 yarat\u0131r. Merkez bankas\u0131n\u0131n \u00f6nceli\u011fi g\u00fc\u00e7l\u00fc bir yuan de\u011fil, i\u00e7 b\u00fcy\u00fcme gibi g\u00f6r\u00fcn\u00fcyor. Bu nedenle offshore yuan\u0131n (CNH: \u00c7in yuan\u0131n\u0131n ana kara d\u0131\u015f\u0131nda, \u00f6zellikle Hong Kong\u2019da i\u015flem g\u00f6ren t\u00fcr\u00fc) ABD dolar\u0131na kar\u015f\u0131 zay\u0131flamas\u0131 beklenebilir; yat\u0131r\u0131mc\u0131lar USD\/CNH kurunun y\u00fckseli\u015finden (1 dolar kar\u015f\u0131l\u0131\u011f\u0131 daha fazla CNH) fayda sa\u011flayabilecek stratejileri inceleyebilir.<\/p>\n
Bu t\u00fcr destek ad\u0131mlar\u0131 sanayi emtialar\u0131 (\u00fcretimde kullan\u0131lan bak\u0131r, demir cevheri gibi ham maddeler) i\u00e7in de olumlu g\u00f6r\u00fcl\u00fcr; \u00e7\u00fcnk\u00fc \u00c7in, d\u00fcnyan\u0131n bak\u0131r ve demir cevheri t\u00fcketiminin yar\u0131s\u0131ndan fazlas\u0131n\u0131 yap\u0131yor. 2023\u2019teki te\u015fvik ad\u0131mlar\u0131nda, k\u00fcresel talep zay\u0131f olsa bile ham madde fiyatlar\u0131nda y\u00fckseli\u015fler g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Bak\u0131r vadeli i\u015flemlerinde (gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) opsiyon yoluyla pozisyon almak, beklenen talep art\u0131\u015f\u0131ndan yararlanmak i\u00e7in daha temkinli bir y\u00f6ntem olabilir.<\/p>\n
S\u00fcrpriz likidite sinyali! \u00c7in\u2019de M2 para arz\u0131 Nisan\u2019da y\u0131ll\u0131k %8,6 artarak %8,5 beklentisini a\u015ft\u0131. Bu, gev\u015fek politikay\u0131 destekler; hisseleri ve emtialar\u0131 g\u00fc\u00e7lendirirken, yuan \u00fczerinde de\u011fer kayb\u0131 bask\u0131s\u0131 yaratabilir.<\/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-46664","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\/46664","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=46664"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}