{"id":106536,"date":"2023-06-29T03:05:09","date_gmt":"2023-06-29T03:05:09","guid":{"rendered":"https:\/\/haberulus.net\/?p=106536"},"modified":"2023-06-29T03:05:09","modified_gmt":"2023-06-29T03:05:09","slug":"ortodoksa-donus-rallisi-cabuk-bitti","status":"publish","type":"post","link":"https:\/\/haberulus.net\/?p=106536","title":{"rendered":"Ortodoksa d\u00f6n\u00fc\u015f rallisi \u00e7abuk bitti"},"content":{"rendered":"

T\u00fcrkiye<\/strong>‘nin de dahil oldu\u011fu geli\u015fmekte olan baz\u0131 kilit piyasalarda, piyasa dostu politikalara y\u00f6nelmenin tetikledi\u011fi ralli \u015fimdiden yorgunluk belirtileri g\u00f6steriyor. ABD merkezli finans ajans\u0131 Bloomberg, y\u0131la b\u00fcy\u00fck heyecanla ba\u015flayan geli\u015fmekte olan piyasalara (emerging markets-EM) y\u00f6nelen yabanc\u0131 portf\u00f6y giri\u015finin haziran sonunda tersine d\u00f6nd\u00fc\u011f\u00fcn\u00fc yazd\u0131. Geli\u015fmekte olan piyasalarda \u201cortodoks politikalara d\u00f6n\u00fc\u015f\u201d vaadi yabanc\u0131 yat\u0131r\u0131m ak\u0131mlar\u0131n\u0131n yeniden canlanmas\u0131na yol a\u00e7m\u0131\u015ft\u0131. Yaln\u0131z T\u00fcrkiye de\u011fil bir dizi geli\u015fmekte olan \u00fclkede de (GO\u00dc) iktidarlar geleneksel ekonomi politikalar\u0131na sad\u0131k kalma s\u00f6z\u00fc verdiler.<\/p>\n

\u015e\u00dcPHEYLE YAKLA\u015eMALI<\/strong><\/p>\n

Bloomberg’e g\u00f6re ilk heyecan ge\u00e7ince, vaatlerin havada kald\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc ve geli\u015fmekte olan baz\u0131 b\u00fcy\u00fck piyasalarda ortodoks (piyasa dostu, geleneksel) politikalara y\u00f6nelmenin tetikledi\u011fi ralli \u015fimdiden yorgunluk belirtileri g\u00f6stermeye ba\u015flad\u0131. Bloomberg analizine g\u00f6re, yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n soru i\u015faretleri neredeyse hi\u00e7bir yerde T\u00fcrkiye’den daha b\u00fcy\u00fck g\u00f6r\u00fcnm\u00fcyor.\u00a0 ABD ve Bat\u0131 Avrupa’da g\u00f6sterge faiz oranlar\u0131 hala y\u00fckselirken, yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n geli\u015fmekte olan piyasalara para koymaya can att\u0131\u011f\u0131 kolay para g\u00fcnleri \u00e7oktan geride kald\u0131. Ancak, M\u0131s\u0131r ve T\u00fcrkiye’den, Nijerya ve Arjantin’e kadar bir\u00e7ok piyasada son haftalarda ekonomi politikas\u0131n\u0131 normalle\u015ftirme vaadi yat\u0131r\u0131mc\u0131 ilgisini art\u0131rd\u0131. Cumhurba\u015fkan\u0131 Tayyip Erdo\u011fan, yeniden se\u00e7ilmesinin ard\u0131ndan ekonominin dizginlerini rasyonel politikalar\u0131n savunucular\u0131na teslim etti. Yeni s\u00f6ylemi d\u00f6rt nala ko\u015fan enflasyon ve yabanc\u0131 sermaye \u00e7\u0131k\u0131\u015f\u0131ndan sorumlu tutulan al\u0131\u015f\u0131lm\u0131\u015f\u0131n d\u0131\u015f\u0131nda politikalardan normale d\u00f6n\u00fc\u015f\u00fcn sinyalini veriyor. Ancak, Hazine ve Maliye Bakan\u0131 Mehmet \u015eim\u015fek geleneksel politikalara y\u00f6nelirken \u00f6l\u00e7\u00fcl\u00fc bir yakla\u015f\u0131m izleyece\u011fini \u015fimdiden belirtti.<\/p>\n

\u201cYat\u0131r\u0131mc\u0131 T\u00fcrk varl\u0131klar\u0131 i\u00e7in g\u00f6zlerini d\u00f6rt a\u00e7mal\u0131\u201d<\/b><\/p>\n

\u25a0 Bloomberg<\/strong>‘e konu\u015fan AllianceBernstein’\u0131n Londra merkezli geli\u015fmekte olan piyasa ekonomi ara\u015ft\u0131rmalar\u0131 direkt\u00f6r\u00fc Adriaan Du Toit, \u201cYat\u0131r\u0131mc\u0131lar reform taahh\u00fctlerine \u015f\u00fcpheyle yakla\u015fmal\u0131 \u00e7\u00fcnk\u00fc ger\u00e7ek reform zaman ve uzla\u015fma gerektiriyor. \u00dcstelik, zay\u0131f\u00a0 b\u00fcy\u00fcme ortam\u0131nda bunlar\u0131 ba\u015farmak daha zor\u201d yorumunda bulundu.\u00a0 Dubai’deki Tellimer’de stratejist olan Hasnain Malik ise \u201cDe\u011fi\u015fim, baz\u0131 k\u0131sa vadeli yat\u0131r\u0131mc\u0131lar\u0131n umdu\u011fundan daha yava\u015f. Uzun vadeli yat\u0131r\u0131mc\u0131lar, T\u00fcrk varl\u0131klar\u0131n\u0131 yeniden yat\u0131r\u0131m listesine almay\u0131 d\u00fc\u015f\u00fcn\u00fcyorsa, y\u00f6n de\u011fi\u015fikli\u011finin kal\u0131c\u0131l\u0131\u011f\u0131na y\u00f6nelik risklere kar\u015f\u0131 g\u00f6zlerini d\u00f6rt a\u00e7mal\u0131d\u0131r\u201d dedi.<\/p>\n

Yabanc\u0131 fon giri\u015fleri beklemede<\/b><\/p>\n

\u25a0 TL<\/strong>‘de kontroll\u00fc bir deval\u00fcasyon politikas\u0131 ile de\u011fer kayb\u0131 s\u00fcrerken, yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n y\u00fcksek kuru f\u0131rsat bilerek T\u00fcrk varl\u0131klar\u0131na yat\u0131r\u0131m yapmas\u0131 bekleniyor. Ancak, Merkez Bankas\u0131’n\u0131n (TCMB) politika faizini beklentilerin alt\u0131nda art\u0131rmas\u0131n\u0131n ard\u0131ndan yabanc\u0131 fon giri\u015flerinin beklemeye ge\u00e7ti\u011fi belirtiliyor. TCMB verilerine g\u00f6re, yabanc\u0131lar 16 Haziran haftas\u0131nda 313.4 milyon dolarl\u0131k hisse ile 2023’\u00fcn en b\u00fcy\u00fck al\u0131m\u0131n\u0131 ger\u00e7ekle\u015ftirdi. Yabanc\u0131ya ait hisse senedi stoku, 16 Haziran itibar\u0131yla 23.1 milyar dolar olurken, borsadaki yabanc\u0131 pay\u0131 ise y\u00fczde 29.12 seviyesinde bulunuyor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bloomberg\u2019e g\u00f6re, geli\u015fmekte olan \u00fclkelerde piyasa dostu politikalara y\u00f6nelmenin tetikledi\u011fi ralli yava\u015flad\u0131. Analistler, yat\u0131r\u0131mc\u0131lara T\u00fcrkiye\u2019de \u2018y\u00f6n de\u011fi\u015fikli\u011finin\u2019 kal\u0131c\u0131l\u0131\u011f\u0131na y\u00f6nelik uyar\u0131da bulundu.<\/p>\n","protected":false},"author":1,"featured_media":106537,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[1353,2121,87,1029,944],"class_list":["post-106536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-piyasa","tag-politika","tag-turk","tag-yabanci","tag-yatirim"],"_links":{"self":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/106536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=106536"}],"version-history":[{"count":1,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/106536\/revisions"}],"predecessor-version":[{"id":106538,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/106536\/revisions\/106538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/media\/106537"}],"wp:attachment":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=106536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=106536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}