G\u00fcney Kore wonu, yerel risk varl\u0131klar\u0131ndaki rallinin etkisiyle gece boyunca \u00e7o\u011fu para birimini geride b\u0131rakt\u0131. KOSPI g\u00fcn i\u00e7inde y\u00fczde 8,5\u2019e kadar y\u00fckseldikten sonra g\u00fcn\u00fc y\u00fczde 4,6 art\u0131da kapatt\u0131; y\u0131lba\u015f\u0131ndan bu yana y\u00fczde 92 y\u00fckselerek, yapay zek\u00e2 ba\u011flant\u0131l\u0131 yar\u0131 iletkenlerdeki g\u00fc\u00e7 sayesinde d\u00fcnyan\u0131n en iyi performans g\u00f6steren hisse senedi piyasas\u0131 konumuna geldi. Samsung Electronics ve SK Hynix\u2019in endekste b\u00fcy\u00fck a\u011f\u0131rl\u0131\u011fa sahip olmas\u0131, KOSPI\u2019nin sekt\u00f6r ivmesine duyarl\u0131l\u0131\u011f\u0131n\u0131 art\u0131r\u0131yor.<\/p>\n
Para politikas\u0131 da deste\u011fini s\u00fcrd\u00fcrd\u00fc. Kore Merkez Bankas\u0131 (BoK) Ba\u015fkan\u0131 Shin Hyun Song, fiyat istikrar\u0131n\u0131 merkeze alan \u015fahin duru\u015funu yineledi. BoK, 28 May\u0131s toplant\u0131s\u0131nda politika faizini \u00fcst \u00fcste sekizinci toplant\u0131da da y\u00fczde 2,50\u2019de sabit tutarken, uygun bir zamanda Baz Oran art\u0131\u015f\u0131n\u0131n gerekebilece\u011fi sinyalini verdi. Bir sonraki karar 16 Temmuz\u2019da a\u00e7\u0131klanacak; piyasalar, faizi y\u00fczde 2,75\u2019e ta\u015f\u0131yacak 25 baz puanl\u0131k bir ad\u0131m\u0131 giderek daha fazla fiyatl\u0131yor.<\/p>\n
—<\/p>\n
G\u00fcney Kore varl\u0131klar\u0131nda g\u00fc\u00e7l\u00fc bir performans g\u00f6r\u00fcyoruz; won de\u011fer kazan\u0131rken KOSPI endeksi y\u00fckseliyor. Hisse piyasas\u0131 y\u0131lba\u015f\u0131ndan bu yana yakla\u015f\u0131k y\u00fczde 18 art\u0131da; y\u00fckseli\u015fi, yapay zek\u00e2 \u00f6nc\u00fcl\u00fc\u011f\u00fcndeki yar\u0131 iletken patlamas\u0131 destekliyor. Son raporlar, Samsung ve SK Hynix\u2019in en yeni nesil bellek \u00e7iplerinde pazar\u0131n y\u00fczde 95\u2019inden fazlas\u0131n\u0131 g\u00fcvence alt\u0131na ald\u0131\u011f\u0131n\u0131 ve bunun da kayda de\u011fer yabanc\u0131 sermaye giri\u015fini \u00e7ekti\u011fini g\u00f6steriyor.<\/p>\n
Kore Merkez Bankas\u0131, fiyat istikrar\u0131n\u0131 \u00f6nceliklendirme niyetini ortaya koyarak para birimi i\u00e7in belirgin bir r\u00fczg\u00e2r arkas\u0131 yarat\u0131yor. Ba\u015fkan\u0131n a\u00e7\u0131klamalar\u0131, \u201c\u00e7ok ge\u00e7 kalmadan\u201d bir faiz art\u0131\u015f\u0131na i\u015faret ediyor; bu da 16 Temmuz toplant\u0131s\u0131nda 25 baz puanl\u0131k art\u0131\u015f\u0131 olduk\u00e7a olas\u0131 k\u0131l\u0131yor. Bu \u015fahin duru\u015f, daha n\u00f6tr ya da g\u00fcvercin merkez bankalar\u0131na sahip para birimlerine k\u0131yasla wonu cazip hale getiriyor.<\/p>\n
—<\/p>\n
Bu \u00e7er\u00e7evede, \u00f6n\u00fcm\u00fczdeki haftalarda USD\/KRW kurunun a\u015fa\u011f\u0131 y\u00f6nl\u00fc hareketine konumlan\u0131yoruz. Parite 1.350 civar\u0131nda i\u015flem g\u00f6r\u00fcrken, 1.320\u2019ye do\u011fru olas\u0131 bir harekete oynayabilmek i\u00e7in KRW al\u0131m (call) opsiyonlar\u0131 veya USD sat\u0131m (put) opsiyonlar\u0131n\u0131n etkili stratejiler oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz. Tarihsel olarak won, piyasa taraf\u0131ndan \u00f6nceden g\u00fc\u00e7l\u00fc \u015fekilde sinyallenmi\u015f bir faiz art\u0131\u015f\u0131na giden haftalarda s\u0131kl\u0131kla de\u011fer kazanma e\u011filimi g\u00f6stermi\u015ftir.<\/p>\n
Ayr\u0131ca, KRW opsiyonlar\u0131nda ima edilen volatilitenin y\u0131ll\u0131k dip seviyelere yak\u0131n seyretti\u011fini not ediyoruz. Bu durum, piyasalar\u0131n merkez bankas\u0131 karar\u0131 etraf\u0131nda sert hareket potansiyelini yeterince fiyatlam\u0131yor olabilece\u011fine i\u015faret ediyor. Straddle gibi enstr\u00fcmanlarla \u201cucuz volatilite\u201d almak, yakla\u015fan olay riskini i\u015flemeye y\u00f6nelik temkinli bir y\u00f6ntem olabilir.<\/p>\n
Hisse taraf\u0131nda ise KOSPI\u2019nin momentumu g\u00f6z ard\u0131 edilmemeli; endeks yak\u0131n zamanda kritik 2.850 diren\u00e7 seviyesini a\u015ft\u0131. Yar\u0131 iletken rallisine maruziyeti korumak i\u00e7in KOSPI 200 endeks al\u0131m opsiyonlar\u0131n\u0131 de\u011ferlendiriyoruz. Hisselerdeki bu g\u00fc\u00e7, daha fazla sermaye giri\u015fini te\u015fvik eden ve wonu ilave olarak destekleyen pozitif bir geri besleme d\u00f6ng\u00fcs\u00fc yaratma e\u011filimindedir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Won ve KOSPI, yapay zek\u00e2 destekli yar\u0131 iletken rallisiyle \u00f6ne \u00e7\u0131k\u0131yor; Samsung-SK Hynix etkisi g\u00fc\u00e7l\u00fc. BoK\u2019un \u015fahin mesaj\u0131 16 Temmuz\u2019da 25 bp art\u0131\u015f\u0131 g\u00fcndeme ta\u015f\u0131yor; USD\/KRW\u2019de d\u00fc\u015f\u00fc\u015f potansiyeli, opsiyonlarda ucuz volatilite f\u0131rsat\u0131.<\/p>\n","protected":false},"author":87,"featured_media":47755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-48733","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/48733","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=48733"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/48733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47755"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=48733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=48733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=48733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}