{"id":51500,"date":"2026-07-23T03:29:12","date_gmt":"2026-07-23T03:29:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/guney-korenin-temmuz-ihracati-ivme-kaybederken-bokun-faiz-artisi-ve-korunma-amacli-akimlar-won-gorunumunu-destekliyor\/"},"modified":"2026-07-23T03:29:12","modified_gmt":"2026-07-23T03:29:12","slug":"guney-korenin-temmuz-ihracati-ivme-kaybederken-bokun-faiz-artisi-ve-korunma-amacli-akimlar-won-gorunumunu-destekliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/guney-korenin-temmuz-ihracati-ivme-kaybederken-bokun-faiz-artisi-ve-korunma-amacli-akimlar-won-gorunumunu-destekliyor\/","title":{"rendered":"G\u00fcney Kore\u2019nin Temmuz ihracat\u0131 ivme kaybederken, BoK\u2019un faiz art\u0131\u015f\u0131 ve korunma ama\u00e7l\u0131 ak\u0131mlar won g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc destekliyor"},"content":{"rendered":"

G\u00fcney Kore\u2019nin ihracat\u0131 temmuzun ilk 20 g\u00fcn\u00fcnde y\u0131ll\u0131k bazda %52,3 artt\u0131; bu oran, haziranda ayn\u0131 d\u00f6nemde kaydedilen %60,4\u2019ten gerileyerek \u00e7ift haneli b\u00fcy\u00fcmenin \u00fcst \u00fcste yedinci aya uzamas\u0131n\u0131 sa\u011flad\u0131. Hareket, yar\u0131 iletkenler ve yapay zek\u00e2 ba\u011flant\u0131l\u0131 veri merkezi talebiyle desteklenirken, Orta Do\u011fu\u2019da yeniden y\u00fckselen gerilimlerin tedarik zinciri \u00fczerindeki bask\u0131y\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fc belirtildi.<\/p>\n

Kore Merkez Bankas\u0131 (BoK) ge\u00e7en hafta politika faizini 25 baz puan art\u0131rarak %2,75\u2019e \u00e7\u0131kard\u0131; bu, \u00fc\u00e7 y\u0131l aradan sonraki ilk art\u0131\u015f oldu. BoK, zay\u0131f KRW ve y\u00fckselen konut fiyatlar\u0131yla ba\u011flant\u0131l\u0131 fiyat bask\u0131lar\u0131 ve finansal istikrar risklerine i\u015faret etti. Bu y\u0131l ilave 25 baz puanl\u0131k bir art\u0131\u015f, Baz Faiz\u2019i %3,0\u2019a ta\u015f\u0131yarak BoK\u2019un medyan noktasal (dot-plot) projeksiyonuyla uyumlu olacakt\u0131r. FX piyasalar\u0131nda USD\/KRW, daha g\u00fc\u00e7l\u00fc bir USD ile d\u00fcn %0,3 y\u00fckselerek 1.482\u2019ye \u00e7\u0131kt\u0131. Y\u0131l\u0131n ikinci yar\u0131s\u0131na ili\u015fkin beklentiler ise daha g\u00fc\u00e7l\u00fc kurumsal USD vadeli sat\u0131\u015flar\u0131 ve sermaye giri\u015flerini i\u00e7eriyor.<\/p>\n

G\u00fc\u00e7l\u00fc \u0130hracat B\u00fcy\u00fcmesi Ortam\u0131nda T\u00fcrev \u0130\u015flem F\u0131rsatlar\u0131<\/h3>\n

T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda G\u00fcney Kore Wonu\u2019nun (KRW) g\u00fc\u00e7lenmesine pozisyon almas\u0131n\u0131; USD\/KRW vadeli i\u015flemlerinde k\u0131sa pozisyon a\u00e7mas\u0131n\u0131 veya USD sat\u0131m (put) opsiyonlar\u0131 sat\u0131n almas\u0131n\u0131 \u00f6neriyoruz. Parite son d\u00f6nemde geni\u015f tabanl\u0131 dolar g\u00fcc\u00fc nedeniyle 1.482 seviyesini g\u00f6rm\u00fc\u015f olsa da, G\u00fcney Kore\u2019nin temel makro verileri bu seviyenin kal\u0131c\u0131 olmad\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Temmuzun ilk d\u00f6neminde ihracat\u0131n y\u0131ll\u0131k bazda %52,3 s\u0131\u00e7ramas\u0131yla birlikte Won\u2019a y\u00f6nelik yap\u0131sal talebin g\u00fc\u00e7lenmesi bekleniyor.<\/p>\n

Yar\u0131 iletken sevkiyatlar\u0131n\u0131n tarihsel olarak G\u00fcney Kore\u2019nin toplam ihracat\u0131n\u0131n %20\u2019sine kadar\u0131n\u0131 s\u00fcr\u00fckledi\u011fini vurgulamak gerekir; bu sekt\u00f6r, k\u00fcresel yapay zek\u00e2 talebiyle \u015fu anda daha da ivmelenmi\u015f durumda. Sekt\u00f6r takip verileri, k\u00fcresel yar\u0131 iletken gelirlerinin 2026\u2019da \u00e7ift haneli art\u0131\u015f patikas\u0131nda oldu\u011funu g\u00f6steriyor; bu da Samsung ve SK Hynix gibi yerel devlere do\u011frudan katk\u0131 sa\u011fl\u0131yor. Bu yap\u0131sal AI b\u00fcy\u00fcmesi, Seoul\u2019e g\u00fc\u00e7l\u00fc yabanc\u0131 hisse senedi giri\u015flerini \u00e7ekebilecek sa\u011flam bir temel dayanak sunuyor.<\/p>\n

Politika Deste\u011fi ve Kur Riski Y\u00f6netimi Dinamikleri<\/h3>\n

Politika taraf\u0131nda, BoK\u2019un son faiz art\u0131\u015f\u0131yla %2,75\u2019e ta\u015f\u0131nan \u015fahinle\u015fen duru\u015fundan faydalan\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Yetkililer, enflasyon ve konut piyasas\u0131 riskleriyle m\u00fccadele i\u00e7in bu y\u0131l %3,0 seviyesinde bir nihai faiz hedefliyor; bu da di\u011fer b\u00fcy\u00fck merkez bankalar\u0131yla faiz fark\u0131n\u0131 daralt\u0131yor. Bu daralan getiri fark\u0131, USD\/KRW\u2019de a\u015fa\u011f\u0131 y\u00f6nl\u00fc (bearish) t\u00fcrev stratejilerimiz i\u00e7in destekleyici bir makro zemin olu\u015fturuyor.<\/p>\n

Ayr\u0131ca, kurumsal korunma (hedging) faaliyetlerinde beklenen h\u0131zlanman\u0131n yak\u0131n vadede para birimi kazan\u00e7lar\u0131n\u0131 art\u0131raca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyoruz. Yerel ihracat\u00e7\u0131lar, dolar 1.482 gibi \u00e7ok y\u0131ll\u0131 zirvelere t\u0131rmand\u0131\u011f\u0131nda USD vadeli sat\u0131\u015flar\u0131n\u0131 genellikle art\u0131r\u0131r. \u015eimdi k\u0131sa vadeli KRW al\u0131m (call) opsiyonlar\u0131 sat\u0131n almak, bu kurumsal ak\u0131mlar spot kuru a\u015fa\u011f\u0131 \u00e7ekerken getiri elde etmemizi sa\u011flayacakt\u0131r.<\/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":"

Kore\u2019de ihracat patlamas\u0131 ve BoK\u2019un \u015fahin d\u00f6n\u00fc\u015f\u00fc: KRW i\u00e7in ralli sinyali mi? %52,3 ihracat art\u0131\u015f\u0131, yar\u0131 iletken\/AI talebi ve olas\u0131 %3 faiz, USD\/KRW\u2019de d\u00fc\u015f\u00fc\u015f\u00fc destekliyor.<\/p>\n","protected":false},"author":87,"featured_media":50124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51500","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\/51500","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=51500"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50124"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}