{"id":51413,"date":"2026-07-22T04:29:02","date_gmt":"2026-07-22T04:29:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/guney-kore-ufe-piyasalarin-kore-merkez-bankasinin-uzun-sure-yuksek-faiz-durusunu-fiyatlamasiyla-86ya-hizlandi\/"},"modified":"2026-07-22T04:29:02","modified_gmt":"2026-07-22T04:29:02","slug":"guney-kore-ufe-piyasalarin-kore-merkez-bankasinin-uzun-sure-yuksek-faiz-durusunu-fiyatlamasiyla-86ya-hizlandi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/guney-kore-ufe-piyasalarin-kore-merkez-bankasinin-uzun-sure-yuksek-faiz-durusunu-fiyatlamasiyla-86ya-hizlandi\/","title":{"rendered":"G\u00fcney Kore \u00dcFE, Piyasalar\u0131n Kore Merkez Bankas\u0131\u2019n\u0131n \u201cUzun S\u00fcre Y\u00fcksek Faiz\u201d Duru\u015funu Fiyatlamas\u0131yla %8,6\u2019ya H\u0131zland\u0131"},"content":{"rendered":"

G\u00fcney Kore\u2019nin \u00fcretici fiyat endeksi (\u00dcFE) haziranda y\u0131ll\u0131k bazda %8,6 artt\u0131; bu oran bir \u00f6nceki ay kaydedilen %8,5\u2019in hafif \u00fczerinde. Son veri, may\u0131sa k\u0131yasla fabrika \u00e7\u0131k\u0131\u015f fiyatlar\u0131ndaki enflasyonda marjinal bir h\u0131zlanmaya i\u015faret ediyor.<\/p>\n

Veriler, \u00fcretici d\u00fczeyindeki fiyat bask\u0131lar\u0131n\u0131n y\u00fcksek seyrini s\u00fcrd\u00fcrd\u00fc\u011f\u00fcn\u00fc ve y\u0131ll\u0131k art\u0131\u015f oran\u0131n\u0131n \u00fcst \u00fcste ikinci ay %8\u2019in \u00fczerinde kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bununla birlikte hazirandaki art\u0131\u015f, \u00f6nceki okumaya g\u00f6re yaln\u0131zca 0,1 puanl\u0131k bir y\u00fckseli\u015f oldu.<\/p>\n

Faiz Politikas\u0131 Ve Sabit Getirili Strateji<\/h3>\n

G\u00fcney Kore\u2019nin \u00dcFE\u2019sinin haziranda %8,6\u2019ya y\u00fckselmesiyle birlikte, Kore Merkez Bankas\u0131\u2019n\u0131n (BOK) faizleri piyasalar\u0131n \u015fu anda fiyatlad\u0131\u011f\u0131ndan \u00e7ok daha uzun s\u00fcre k\u0131s\u0131tlay\u0131c\u0131 seviyelerde tutmak zorunda kalaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Arz taraf\u0131ndaki enflasyondaki bu ani t\u0131rman\u0131\u015f, 2022\u2019de \u00dcFE\u2019nin %10\u2019a yak\u0131n zirve yapt\u0131\u011f\u0131 ve merkez bankas\u0131n\u0131 agresif bir faiz art\u0131r\u0131m\u0131 d\u00f6ng\u00fcs\u00fcne itti\u011fi tedarik zinciri \u015foklar\u0131n\u0131 yans\u0131t\u0131yor. T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131n\u0131n, \u00f6n\u00fcm\u00fczdeki haftalarda \u00fc\u00e7 y\u0131ll\u0131k ve on y\u0131ll\u0131k Kore Hazine Tahvili (KTB) vadeli kontratlar\u0131nda k\u0131sa pozisyon alarak yerel tahvil getirilerinde y\u00fckseli\u015fe pozisyonlanmas\u0131 gerekti\u011fini de\u011ferlendiriyoruz.<\/p>\n

Hisse Senedi Piyasas\u0131 Ve Kur Etkileri<\/h3>\n

Samsung Electronics ve SK Hynix gibi ihracat a\u011f\u0131rl\u0131\u011f\u0131 y\u00fcksek devlerde k\u00e2r marjlar\u0131 \u00fczerindeki bask\u0131n\u0131n, yerel hisse piyasas\u0131nda sert bir geri \u00e7ekilmeyi tetiklemesi muhtemel. Tarihsel olarak, \u00fcretici girdi maliyetleri t\u00fcketici fiyatlar\u0131ndan daha h\u0131zl\u0131 artt\u0131\u011f\u0131nda imalat marjlar\u0131 h\u0131zla daral\u0131r ve bu da hisse senedi endekslerini a\u015fa\u011f\u0131 \u00e7eker. Yakla\u015fan k\u00e2r bask\u0131s\u0131ndan faydalanmak i\u00e7in KOSPI 200 endeksinde paraya yak\u0131n (near-the-money) sat\u0131m (put) opsiyonlar\u0131 al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n

Ayr\u0131ca d\u00f6viz piyasas\u0131na da bakmak gerekiyor; Kore Wonu, artan ithalat maliyetlerine kar\u015f\u0131 y\u00fcksek derecede k\u0131r\u0131lgan kalmaya devam ediyor. \u00d6nceki enflasyon s\u0131\u00e7ramalar\u0131nda, geni\u015fleyen d\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131 USD\/KRW paritesini kritik 1.380 seviyesinin \u00fczerine ta\u015f\u0131m\u0131\u015ft\u0131. Yerel para birimindeki ilave zay\u0131fl\u0131\u011fa kar\u015f\u0131 korunmak i\u00e7in A\u011fustos 2026 vadeli USD\/KRW al\u0131m (call) opsiyonlar\u0131 al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/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":"

G\u00fcney Kore \u00dcFE haziranda %8,6\u2019ya \u00e7\u0131kt\u0131; bask\u0131 kal\u0131c\u0131. BOK\u2019un faizi uzun s\u00fcre s\u0131k\u0131 tutmas\u0131 bekleniyor. KTB vadeli short, KOSPI200 put ve USD\/KRW call \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51413","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\/51413","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=51413"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50066"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}