Asya borsalar\u0131, yeni bir yar\u0131 iletken sat\u0131\u015f dalgas\u0131n\u0131n teknoloji hisseleri \u00fczerinde bask\u0131 olu\u015fturmas\u0131 ve ABD-\u0130ran geriliminin artarak risk i\u015ftah\u0131n\u0131 azaltmas\u0131yla per\u015fembe g\u00fcn\u00fc zay\u0131flad\u0131. Japonya\u2019da Nikkei 225 %2,55 d\u00fc\u015f\u00fc\u015fle 67.000 civar\u0131na inerken, G\u00fcney Kore\u2019de KOSPI %6,43 gerileyerek 6.820 seviyesine yakla\u015ft\u0131. \u00c7in\u2019de SSE Composite %0,82 kay\u0131pla 3.920 civar\u0131na indi. Hong Kong ise e\u011filimin tersine hareket etti; Hang Seng %1,93 y\u00fckselerek yakla\u015f\u0131k 25.150 seviyesine \u00e7\u0131kt\u0131.<\/p>\n
Orta Do\u011fu\u2019daki askeri hareketlili\u011fin t\u0131rmanmas\u0131n\u0131n ard\u0131ndan petrol fiyatlar\u0131 y\u00fckseldi; bu durum, enflasyonda yeniden h\u0131zlanma endi\u015felerini ve bunun merkez bankalar\u0131n\u0131n faiz patikalar\u0131na etkisini tekrar g\u00fcndeme ta\u015f\u0131d\u0131. G\u00fcney Kore\u2019de \u00e7ip ba\u011flant\u0131l\u0131 kay\u0131plar endeksi a\u015fa\u011f\u0131 \u00e7ekerken, Kore Merkez Bankas\u0131 politika faizini 25 baz puan art\u0131rarak %2,75\u2019e y\u00fckseltti. Karar, beklentilerle uyumlu olurken, yurt i\u00e7i enflasyonu s\u0131n\u0131rlamay\u0131 hedefleyen yeni bir s\u0131k\u0131la\u015fma d\u00f6ng\u00fcs\u00fcn\u00fcn ba\u015flang\u0131c\u0131na i\u015faret etti.<\/p>\n
Asya piyasalar\u0131nda belirgin \u00e7apraz ak\u0131mlar g\u00f6r\u00fcl\u00fcyor; y\u00fckselen petrol fiyatlar\u0131, yer yer iyimserlik cepleriyle \u00e7arp\u0131\u015f\u0131yor. Bu tablo, \u00f6n\u00fcm\u00fczdeki haftalarda dalgal\u0131 seyrin artabilece\u011fine i\u015faret ediyor. Yat\u0131r\u0131mc\u0131lar bu oynakl\u0131\u011f\u0131 opsiyonlarla de\u011ferlendirmeyi d\u00fc\u015f\u00fcnebilir; zira CBOE Volatilite Endeksi (VIX) benzer haber ak\u0131\u015flar\u0131nda tarihsel olarak s\u0131\u00e7rama e\u011filimi g\u00f6stermi\u015f, son d\u00f6nemde jeopolitik kayg\u0131larla bir g\u00fcnde %7\u2019nin \u00fczerinde art\u0131\u015f kaydetmi\u015fti.<\/p>\n
\u00d6zellikle G\u00fcney Kore ve Japonya\u2019da teknoloji hisselerindeki sert sat\u0131\u015f, belirgin bir risk olu\u015fturuyor. Daha fazla a\u015fa\u011f\u0131 y\u00f6nl\u00fc harekete kar\u015f\u0131 korunmak i\u00e7in teknoloji a\u011f\u0131rl\u0131kl\u0131 endekslerde put opsiyonlar\u0131 alarak hedge ediyoruz. Tarihsel olarak PHLX Yar\u0131 \u0130letken Endeksi (SOX) ile izlenen yar\u0131 iletken hisseleri, bo\u011fa piyasas\u0131nda dahi h\u0131zla %10-15 d\u00fczeltmeler ya\u015fayabiliyor; bu da koruyucu putlar\u0131 temkinli bir strateji haline getiriyor.<\/p>\n
Orta Do\u011fu\u2019da artan askeri gerilim, ham petrol\u00fc do\u011frudan etkileyerek enflasyon korkular\u0131n\u0131 yeniden canland\u0131r\u0131yor. Brent petrol vadeli i\u015flemleri \u00fczerine al\u0131m (call) opsiyonlar\u0131yla enerjiye maruziyet ekliyoruz. 2022\u2019de Ukrayna\u2019daki sava\u015f\u0131n ilk \u015fokunda Brent petrol, iki haftadan k\u0131sa s\u00fcrede varil ba\u015f\u0131na yakla\u015f\u0131k 90 dolardan 120 dolar\u0131n \u00fczerine s\u0131\u00e7ram\u0131\u015ft\u0131; bu da h\u0131zl\u0131 ve g\u00fc\u00e7l\u00fc y\u00fckseli\u015f potansiyelini ortaya koyuyor.<\/p>\n
Hong Kong ile di\u011fer Asya piyasalar\u0131 aras\u0131ndaki ayr\u0131\u015fma \u00f6nemli bir f\u0131rsat alan\u0131. Performans fark\u0131n\u0131 yakalamak i\u00e7in, Hang Seng vadeli i\u015flemlerinde uzun (long) pozisyon al\u0131p KOSPI vadeli i\u015flemlerinde k\u0131sa (short) pozisyon a\u00e7mak gibi ikili i\u015flemlere (pair trade) bak\u0131yoruz. Bu strateji, anakara \u00c7in\u2019den gelen \u00f6zg\u00fcn sermaye ak\u0131mlar\u0131 ve politika sinyallerinden s\u0131k\u00e7a faydalanan Hong Kong\u2019un g\u00f6reli g\u00fcc\u00fcn\u00fc izole ediyor.<\/p>\n
Kore Merkez Bankas\u0131\u2019n\u0131n faiz art\u0131r\u0131m\u0131, resmi olarak yeni bir s\u0131k\u0131la\u015fma d\u00f6ng\u00fcs\u00fcn\u00fc ba\u015flat\u0131yor; bu t\u00fcr d\u00f6ng\u00fcler genellikle b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fc ve hisse de\u011ferlemeleri \u00fczerinde bask\u0131 yarat\u0131r. Hamle, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) 2022\u2019de ba\u015flatt\u0131\u011f\u0131 agresif faiz art\u0131\u015flar\u0131n\u0131n, geni\u015f \u00e7apl\u0131 piyasa d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc \u00f6ncelemesine benzer bir \u00e7er\u00e7eve sunuyor. Faize duyarl\u0131 sekt\u00f6rlerde temkinli kalaca\u011f\u0131z ve ileriye d\u00f6n\u00fck politika ad\u0131mlar\u0131na ili\u015fkin sinyaller i\u00e7in faiz swaplar\u0131n\u0131 yak\u0131ndan izliyoruz.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" Asya borsalar\u0131nda sert r\u00fczg\u00e2r: \u00e7ip sat\u0131\u015flar\u0131 ve ABD-\u0130ran gerilimi risk i\u015ftah\u0131n\u0131 t\u00f6rp\u00fcledi. Nikkei ve KOSPI \u00e7ak\u0131l\u0131rken Hang Seng ayr\u0131\u015ft\u0131; petrol y\u00fckseldi, KMB faiz art\u0131rd\u0131.<\/p>\n","protected":false},"author":87,"featured_media":50059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t