{"id":10010,"date":"2025-11-05T17:38:05","date_gmt":"2025-11-05T20:38:05","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=10010"},"modified":"2025-11-05T17:41:59","modified_gmt":"2025-11-05T20:41:59","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c11%ec%9b%94-05%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=10010","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(11\uc6d4 05\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \uc7ac\ubb34\uccad, \ub9cc\uae30 \uce21\uba74 \uc644\ud654 \ubaa8\uc0c9
    \uc7ac\ubb34\uccad\uc758 \ub808\uc6b0 \uc2e0\uc784 \uccad\uc7a5\uc740 \uc624\ub298 \uc911\uc694\ud55c \uc2dc\ud5d8\ub300\uc5d0 \uc624\ub978\ub2e4.
    \ub9cc\uae30\uac00 \ub418\ub294 7\uc870 \ud398\uc18c \uc774\uc0c1\uc758 \ucc44\uad8c\uc744 \uac31\uc2e0\ud558\uace0 \ub3d9\uc2dc\uc5d0 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud574\uc57c \ud55c\ub2e4.
    \uc774\ub97c\uc704\ud574 \uc7ac\ubb34\uccad\uc740 CER (\uc778\ud50c\ub808\uc774\uc158 \uc5f0\ub3d9 \ucc44\uad8c), \uace0\uc815\uae08\ub9ac \ucc44\uad8c, TAMAR (\uace0\uc561 \uc608\uae08 \uae08\ub9ac) \uc5f0\ub3d9 \ucc44\uad8c, \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c \ub4f1 \ub2e4\uc591\ud55c \ucc44\uad8c\uc744 \uc81c\uacf5\ud55c\ub2e4.
    \ubaa9\ud45c\ub294 \ub9cc\uae30 \ucc44\uad8c\uc744 \ub864\uc624\ubc84\ud558\ub294 \uac83\ubfd0\ub9cc \uc544\ub2c8\ub77c, \uc7ac\uc815 \uc870\uc815 \uc0c1\ud669\uc5d0\uc11c \ud5a5\ud6c4 \uba87\ub2ec\uac04\uc758 \uc0c1\ud658\uc744 \uc644\ud654\ud558\ub294 \uac83\uc774\ub2e4.
    \uc774\uc804 \uc785\ucc30\uacfc\ub294 \ub2ec\ub9ac \uc774\ubc88\uc5d0\ub294 \uc81c\uc77c \uc9e7\uc740 \ucc44\uad8c\uc774 109\uc77c\uc774\ub2e4.
    \uc9c1\uc804 \uc785\ucc30\uc5d0\uc11c\ub294 \ubd88\uacfc 28\uc77c \uc774\uc5c8\ub2e4.
    \uc774 \uc804\ub7b5\uc740 \ud398\uc18c \ucc44\uad8c \uc218\uc775\ub960 \uc608\uce21 \uac00\ub2a5\uc131\uc744 \ub192\uc774\uace0, \uc0c8 \uacbd\uc81c\ud300 \uc544\ub798\uc5d0\uc11c \uc7ac\uad6c\ucd95\ud558\ub824\ub294 \uc2e0\ud638\uc774\ub2e4.
    \uc774\uc640\uad00\ub828 \u00c1mbito financiero \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc9c0\uc801\ud588\ub2e4.
    \uc774 \uc804\ub7b5\uc740 \uc120\uac70 \uc804 \ub2ec\ub7ec\ud654 \uc774\ud6c4, \ud398\uc18c \uc720\ub3d9\uc131\uc744 \uc815\uc0c1\ud654\ud558\uace0 2026\ub144\uae4c\uc9c0 \uade0\ud615\ub41c \uc218\uc775\ub960 \uc81c\uacf5\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4.
    \uc774\ub7f0 \ub9e5\ub77d\uc5d0\uc11c \uc774\ubc88\uc5d0 \uc81c\uacf5\ub418\ub294 \ucc44\uad8c\uc740 \ub0b4\ub144 4\uc6d4 \uc774\ud6c4 \ub9cc\uae30\uac00 \ub418\uba70, \uc62c\ud574 \ucc98\uc74c\uc73c\ub85c 2025\ub144\uc5d0 \ub9cc\uae30\uac00 \ub418\ub294 \ucc44\uad8c\uc740 \uc785\ucc30\uc5d0 \uc5c6\uc5b4 \ub2e8\uae30 \ubd80\ucc44 \uce21\uba74\uc744 \uc644\ud654\ud558\ub824\ub294 \uacf5\uc2dd \ubaa9\ud45c\ub97c \uac15\ud654\ud55c\ub2e4.<\/li>\n\n\n\n
  2. \ud398\uc18c \uae08\ub9ac \uae09\ub77d, \uc0c8\ub85c\uc6b4 \ud1b5\ud654 \uc815\ucc45 \ubc29\ud5a5 \uc81c\uc2dc
    \ud398\uc18c \uae08\ub9ac\ub294 \uc120\uac70 \uba70\uce60 \uc804\ubd80\ud130 \ud558\ub77d\uc138\ub97c \ubcf4\uc774\uba70, \ud1b5\ud654 \uc815\ucc45 \ubcc0\ud654\uc640 \uc815\ubd80\uc758 \uc2e0\uc6a9 \ube44\uc6a9 \uc808\uac10 \ubc0f \uc2e4\ubb3c\uacbd\uc81c \ud65c\uc131\ud654 \ubaa9\ud45c\uc640 \ubc29\ud5a5\uc744 \uac19\uc774\ud558\uace0 \uc788\ub2e4.
    \uace0\uc561 \uc608\uae08 \uae08\ub9ac (TAMAR)\uc758 \uc608\uae08\uc561\uc740 10\uc5b5 \ub2ec\ub7ec\uac00 \ub118\ub294 \uc561\uc218\uc774\uba70 \uae08\ub9ac\ub294 \uc5f0 58.5%\uc5d0\uc11c 36.7%\ub85c \ud558\ub77d\ud588\ub2e4.
    10\uc6d4 24\uc77c\uc5d0\uc11c 11\uc6d4 3\uc77c \uc0ac\uc774\uc5d0, \ubd88\uacfc 2\uc8fc\ub3c4 \uc548\ub418\uc5b4 \uc5f0 21.8%\ub098 \ud558\ub77d\ud55c \uac83\uc774\ub2e4.
    \ud604\ucc30 \uae08\ub9ac\ub294 \uc5f0 76.9%\uc5d0\uc11c \uc5f0 43.5%\ub85c \ub5a8\uc5b4\uc84c\uace0, 100\ub9cc \ud398\uc18c \uc774\uc0c1 \uc608\uae08 \uae08\ub9ac\uc778 BADLAR\ub294 \uc5f0 49.4%\uc5d0\uc11c \uc5f0 34.7%\ub85c \uadf8\ub9ac\uace0 \uc77c\ubc18 \uae08\ub9ac\ub294 \uc5f0 62.2%\uc5d0\uc11c \uc5f0 40.8%\ub85c \uac01\uac01 \ud558\ub77d\ud588\ub2e4.
    \uae08\ub9ac\ub294 \uae08\uc735 \uc2dc\uc2a4\ud15c \uc815\uc0c1\ud654 \uacfc\uc815\uc744 \ubc18\uc601\ud558\uc5ec \uc5f0\ucd08 \uc774\ud6c4 \uad00\ucc30\ub418\uc9c0 \uc54a\uc558\ub358 \uc218\uc900\uc73c\ub85c \uc548\uc815\ub410\ub2e4.
    \uc99d\uad8c\uc2dc\uc7a5 \uae08\ub9ac\ub3c4 \ud558\ub77d\ud574, \ud558\ub8e8\uc9dc\ub9ac \ub2f4\ubcf4\ub300\ucd9c\uc740 \uc5f0 18%, 1\uc8fc\uc77c\uc9dc\ub9ac\ub294 \uc5f0 20~30% \uc0ac\uc774\ub85c \uac70\ub798\ub410\ub2e4.
    \uc774\ub7f0 \uae08\ub9ac\ub294 \ud658\uc728 \uc548\uc815\uacfc \uc740\ud589 \uc9c0\uae09\uc900\ube44\uc728 \ud558\ub77d\uacfc \ud5e4\uc9c0\uc5d0 \uc218\uc694\uac00 \uc801\uc74c\uc744 \ub098\ud0c0\ub0b8\ub2e4.<\/li>\n\n\n\n
  3. \ub2ec\ub7ec \ucc44\uad8c \ubc18\ub4f1 \ubc0f \uc0c1\uc2b9\uc7a5
    \ub2ec\ub7ec \ucc44\uad8c\uc740 \uc5b4\uc81c \ucd5c\ub300 1.2%\uae4c\uc9c0 \uc0c1\uc2b9\ud588\ub2e4.
    \ubc18\uba74 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc740 \uc804\ubc18\uc801\uc778 \uc870\uc815\uc73c\ub85c \ucd5c\uadfc\uc758 \ub7a0\ub9ac\uac00 \uc2dd\uc5c8\ub2e4.
    ADR\uc740 \ucd5c\ub300 3.2% \ud558\ub77d\ud588\uace0, \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uad8c\uac70\ub798\uc18c\uc5d0\uc11c\ub294 \ucd5c\ub300 3.5% \ud558\ub77d\uacfc \ucd5c\ub300 6% \uc0c1\uc2b9\uc758 \ud63c\uc870\uc138\ub97c \ubcf4\uc600\ub2e4.<\/li>\n\n\n\n
  4. \ubc34\ub4dc \uc0c1\ud55c\uc120\uc5d0\uc11c \uba40\uc5b4\uc9c4 \ud658\uc728
    \ub3c4\ub9e4\ud658\uc728\uc740 \uc5b4\uc81c \uc815\uce58\uc801 \uae30\ub300\uac10\uacfc \uc720\ub3d9\uc131 \uc7ac\uc870\uc815\uc73c\ub85c \ub2e4\uc2dc \ud558\ub77d\ud574 1,467 \ud398\uc18c\ub85c \ud604\uc7ac 1,498.01 \ud398\uc18c\uc758 \ubc34\ub4dc \uc0c1\ud55c\uc120\uc5d0\uc11c \uba40\uc5b4\uc84c\ub2e4.
    MEP \ud658\uc728\uc740 1,495.58 \ud398\uc18c, CCL \ud658\uc728\uc740 1,513.03 \ud398\uc18c\ub85c \uac01\uac01 \ub0b4\ub838\ub2e4.
    \ud658\uc728 \uac04\uc758 \uaca9\ucc28\ub3c4 1.95%\uc640 3.15%\ub85c \uc904\uc5b4, \uc2dc\uc7a5\uc740 \uc0c8\ub85c\uc6b4 \ub0b4\uac01 \uad6c\uc131 \uacb0\uc815\uc774 \ub098\uc62c\ub54c\uae4c\uc9c0 \uc9c0\ucf1c\ubcf4\uace0\uc788\ub2e4.<\/li>\n\n\n\n
  5. \ubbf8\uad6d \ub300\ubc95\uc6d0, \ud2b8\ub7fc\ud504 \uad00\uc138 \uc2ec\ub9ac
    \ubbf8\uad6d \ub300\ubc95\uc6d0\uc740 \uc624\ub298 \ud2b8\ub7fc\ud504\uc758 \uad00\uc138 \ubd80\uacfc \ud569\ubc95\uc131\uc5d0 \ub300\ud55c \uc2ec\ub9ac\ub97c \uc2dc\uc791\ud588\ub2e4.
    \ub17c\uc7c1\uc758 \ud575\uc2ec\uc740 \ub300\ud1b5\ub839\uc774 \uad6d\uc81c \ube44\uc0c1 \uacbd\uc81c \uad8c\ud55c\ubc95\uc5d0 \uc758\uac70\ud574 \ubb34\uc5ed \uad00\uc138\ub97c \ubd80\uacfc\ud588\ub294\uc9c0 \uc5ec\ubd80\uc774\ub2e4.
    \uc774 \uc0ac\uac74\uc740 \uc138 \uac74\uc758 \uae30\uc5c5 \uc18c\uc1a1\uacfc \ub300\ub2e4\uc218\uac00 \ubbfc\uc8fc\ub2f9 \uc9d1\uad8c \uc8fc\uc778 12\uac1c \uc8fc\uc758 \uc18c\uc1a1\uc744 \ud569\uccd0 \uc81c\uae30\ud55c \uac83\uc774\ub2e4.
    \ubcf4\uc218\uc801 \ub300\ubc95\uad00 (6:3)\uc774 \ub2e4\uc218\uc778 \ub300\ubc95\uc6d0\uc5d0\uc11c \ub300\ud1b5\ub839\uc758 \uad8c\ud55c \ud55c\uacc4\ub97c \uc5b4\ub5bb\uac8c \ud574\uc11d\ud560\uc9c0\uc5d0 \ub300\ud55c \uc911\uc694\ud55c \uc2dc\ud5d8\ub300\uc774\ub2e4.<\/li>\n\n\n\n
  6. \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8, \uc870\uc815\uc5d0 \ub300\ud55c \uc6b0\ub824\uc640 \uc5f0\uc900\uc758 \uc5c7\uac08\ub9b0 \uc2e0\ud638\uc5d0 \ud558\ub77d
    \ubbf8\uad6d \uc8fc\uc2dd\uc740 \ud654\uc694\uc77c \uc8fc\uc694 \ud22c\uc790\uc740\ud589\uc774 \uae30\uc220\uc8fc\uc5d0 \ub300\ud574 \ub192\uc740 \ud3c9\uac00\uc640 \uae08\ub9ac\uc778\ud558 \uc758\uad6c\uc2ec \uc18d\uc5d0\uc11c \ud06c\uac8c \ud558\ub77d\ud588\ub2e4.
    \ub2e4\uc6b0\uc874\uc2a4 0.53%, S&P 500 1.16%, \ub098\uc2a4\ub2e5 2.04% \uac01\uac01 \ub5a8\uc5b4\uc84c\ub2e4.
    \uc2dc\uc7a5\uc758 \ubd88\ud655\uc2e4\uc131\uc5d0 \ub354\ud558\uc5ec \uc5f0\ubc29\uc815\ubd80\uc758 \uc167\ub2e4\uc6b4\uc774 \uc218\uc694\uc77c\ub85c 36\uc77c\uc9f8 \uc774\uc5b4\uc9c0\uba74\uc11c \uc5f0\uc900\uc758 \uc8fc\uc694 \uacbd\uc81c \ub370\uc774\ud130\uac00 \ub098\uc624\uc9c0 \uc54a\uace0\uc788\ub2e4.
    10\uc6d4 \uc81c\uc870\uc5c5 \uc9c0\uc218\ub294 48.7 \ud3ec\uc778\ud2b8\ub85c 8\uac1c\uc6d4 \uc5f0\uc18d \ud558\ub77d\ud588\ub2e4.
    \ud30c\uc6d4 \uc5f0\uc900\uc758\uc7a5\uc740 \uc9c0\ub09c\uc8fc \uae08\ub9ac\uc778\ud558\uac00 \uc62c\ud574 \ub9c8\uc9c0\ub9c9\uc77c \uc218 \uc788\ub2e4\uace0 \uc554\uc2dc\ud588\uc9c0\ub9cc, \ub2e4\ub978 \uc774\uc0ac\ub4e4\uc740 12\uc6d4 \ucd94\uac00 \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc5f4\uc5b4\ub450\uc5c8\ub2e4.<\/li>\n<\/ol>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":10011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-10010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10010"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/10011"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}