Malezya ekonomisi, daha zorlu bir d\u0131\u015f ortam ve Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fmaya ra\u011fmen, 2. \u00e7eyrekte y\u0131ll\u0131k bazda %5,8 b\u00fcy\u00fcyerek 1. \u00e7eyrekteki %5,4\u2019\u00fcn \u00fczerine \u00e7\u0131kt\u0131 ve art arda d\u00f6rt \u00e7eyrektir %4,9\u2019luk trend oran\u0131n\u0131n \u00fczerinde seyrediyor. B\u00fcy\u00fcme; hanehalk\u0131 t\u00fcketimi, artan \u00fccretler, d\u00fc\u015f\u00fck i\u015fsizlik ve g\u00fc\u00e7l\u00fc yat\u0131r\u0131mlarla desteklenirken, sa\u011flam d\u0131\u015f talep ise k\u00fcresel teknoloji yat\u0131r\u0131m d\u00f6ng\u00fcs\u00fcne ba\u011fl\u0131 elektronik \u00fcr\u00fcnler \u2014 bilgisayar ekipmanlar\u0131 ve yapay zek\u00e2 ba\u011flant\u0131l\u0131 altyap\u0131 dahil \u2014 taraf\u0131ndan s\u00fcr\u00fcklendi.<\/p>\n
Enflasyon kontrol alt\u0131nda kalmay\u0131 s\u00fcrd\u00fcrd\u00fc; h\u00fck\u00fcmetin akaryak\u0131t s\u00fcbvansiyonlar\u0131, daha y\u00fcksek enerji fiyatlar\u0131n\u0131n t\u00fcketiciye yans\u0131mas\u0131n\u0131 s\u0131n\u0131rlad\u0131\u011f\u0131 i\u00e7in, man\u015fet enflasyon haziranda y\u0131ll\u0131k %2 oldu. Bank Negara Malaysia\u2019n\u0131n, trendin \u00fczerinde b\u00fcy\u00fcme ve \u0131l\u0131ml\u0131 fiyat bask\u0131lar\u0131 kar\u015f\u0131s\u0131nda n\u00f6tr politika duru\u015funu yans\u0131tarak Gecelik Politika Faizi\u2019ni (Overnight Policy Rate) %2,75 seviyesinde de\u011fi\u015ftirmemesi bekleniyor. Malezya\u2019n\u0131n net enerji ihracat\u00e7\u0131s\u0131 olmas\u0131 nedeniyle daha y\u00fcksek enerji fiyatlar\u0131, petrole ba\u011fl\u0131 mali gelirleri art\u0131rabilir; bu da h\u00fck\u00fcmete akaryak\u0131t s\u00fcbvansiyon programlar\u0131n\u0131 s\u00fcrd\u00fcrmek ve maliyet ge\u00e7i\u015fkenli\u011fi etkilerini s\u0131n\u0131rlamak i\u00e7in daha fazla alan sa\u011flayabilir.<\/p>\n
\u00d6n\u00fcm\u00fczdeki haftalarda t\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n Malezya para politikas\u0131ndaki yanl\u0131\u015f fiyatlamadan faydalanabilece\u011fi \u00f6nemli bir f\u0131rsat g\u00f6r\u00fcyoruz. Piyasa olas\u0131 bir faiz art\u0131\u015f\u0131n\u0131 fiyatl\u0131yor olsa da, Bank Negara Malaysia\u2019n\u0131n Gecelik Politika Faizi\u2019ni %2,75\u2019te sabit tutmas\u0131n\u0131 bekliyoruz. Yat\u0131r\u0131mc\u0131lar, \u015fahin politika beklentisinin abart\u0131lmas\u0131ndan yararlanmak i\u00e7in Malezya Faiz Swap (Interest Rate Swap) piyasas\u0131nda sabit faiz alma (receive fixed) taraf\u0131n\u0131 de\u011ferlendirmeli.<\/p>\n
Bu faiz istikrar\u0131, Malezya\u2019y\u0131 %4,9\u2019luk uzun vadeli trendinin belirgin \u015fekilde \u00fczerinde tutan son y\u0131ll\u0131k %5,8\u2019lik GSYH b\u00fcy\u00fcmesiyle \u00f6ne \u00e7\u0131kan son derece dayan\u0131kl\u0131 bir ekonomi taraf\u0131ndan destekleniyor. Bu ivme, k\u00fcresel yar\u0131 iletken sat\u0131\u015flar\u0131n\u0131 y\u0131ll\u0131k bazda yakla\u015f\u0131k %20 art\u0131rmaya yard\u0131mc\u0131 olan k\u00fcresel yapay zek\u00e2 patlamas\u0131yla g\u00fc\u00e7l\u00fc \u015fekilde besleniyor. Bu sanayi g\u00fcc\u00fcnden yararlanmak i\u00e7in, \u00f6zellikle teknoloji ve imalat sekt\u00f6rlerini izleyen Ringgit cinsi hisse endeksi vadeli i\u015flemlerinde uzun pozisyon al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n
Ayr\u0131ca Brent petrol fiyatlar\u0131 son derece destekleyici seviyelerde dengelenirken, Malezya\u2019n\u0131n net enerji ihracat\u00e7\u0131s\u0131 konumu, i\u00e7 piyasadaki akaryak\u0131t s\u00fcbvansiyonlar\u0131n\u0131 s\u00fcrd\u00fcrmek i\u00e7in g\u00fc\u00e7l\u00fc bir mali tampon sa\u011fl\u0131yor. Bu tampon, man\u015fet enflasyonun yak\u0131n d\u00f6nemde yaln\u0131zca %2\u2019de kalmas\u0131na yard\u0131mc\u0131 olarak, merkez bankas\u0131 \u00fczerinde para politikas\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131rma y\u00f6n\u00fcnde acil bir bask\u0131y\u0131 ortadan kald\u0131rd\u0131. Kur t\u00fcrevleri taraf\u0131nda ise, istikrarl\u0131 faizler ve d\u00fczenli petrol gelirlerinin para birimini muhtemelen \u00e7\u0131palayacak olmas\u0131 nedeniyle, beklenenden d\u00fc\u015f\u00fck volatiliteye oynayacak \u015fekilde Ringgit opsiyonlar\u0131n\u0131n kullan\u0131lmas\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":" Malezya\u2019dan s\u00fcrpriz ivme: 2\u00c7 b\u00fcy\u00fcme %5,8\u2019e \u00e7\u0131kt\u0131, enflasyon %2\u2019de. BNM\u2019nin OPR\u2019yi %2,75\u2019te tutmas\u0131 bekleniyor; faiz swapta sabit al, ringgit hisselerde uzun, RM opsiyonlar\u0131nda d\u00fc\u015f\u00fck volatilite.<\/p>\n","protected":false},"author":87,"featured_media":50071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52064","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