{"id":8784,"date":"2025-08-07T18:44:54","date_gmt":"2025-08-07T21:44:54","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=8784"},"modified":"2025-08-07T18:44:55","modified_gmt":"2025-08-07T21:44:55","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c08%ec%9b%94-07%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=8784","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(08\uc6d4 07\uc77c)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2025\/08\/download-3.jpg\" alt=\"\" class=\"wp-image-8785\" \/><\/figure>\n\n\n\n<p>\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\ub2ec\ub7ec \ud658\uc728, \uc6b0\ub9ac\ub294 \ubb34\uc5c7\uc744 \ud574\uc57c\ud558\ub098 ?<br>\ub3c4\ub9e4\ud658\uc728\uc740 \uc218\uc694\uc77c 4\uac70\ub798\uc77c \uc5f0\uc18d \ud558\ub77d\ud574 1,333 \ud398\uc18c\ub85c \ub9c8\uac10\ud574, 7\uc6d4 \ub9d0\uc5d0 \uae30\ub85d\ud588\ub358 \ucd5c\uace0\uce58\ubcf4\ub2e4 42 \ud398\uc18c\uac00 \ub5a8\uc5b4\uc84c\ub2e4.<br>\uc774\ub294 \uc9c0\ub09c\ub2ec \ub9c8\uc9c0\ub9c9\uc5d0 \uc62c\ub790\ub358 \ud658\uc728\uc758 \uc808\ubc18\uc774 \ub0b4\ub9b0 \uac83\uc774\ub2e4.<br>\uc120\ubb3c\ud658\uc728\uc740 \uc5c7\uac08\ub9b0 \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4.<br>\ub2e8\uae30 \uc120\ubb3c\ud658\uc728\uc740 4\uac70\ub798\uc77c \uc5f0\uc18d \uc57d\uc138\ub97c \ubcf4\uc600\uace0, \uc7a5\uae30 \uc120\ubb3c\ud658\uc728\uc740 \uc62c\ub790\ub2e4.<br>\uc5f0\ub9d0 \ud658\uc728\uc740 1,499 \ud398\uc18c\ub85c \uc608\uc0c1\ud55c\ub2e4.<br>MEP \ud658\uc728\uc740 1,337.43 \ud398\uc18c,<br>CCL \ud658\uc728\uc740 1,337.68 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.<br>\uc120\uac70 \uc804\uc758 \ubcc0\ub3d9\uc131\uacfc \ub2e4\uc591\ud55c \uc694\uc18c\ub4e4\uc774 \ub2ec\ub7ec \ud658\uc728\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uace0 \uc788\ub2e4.<br>\ud658\uc728 \ubcc0\ub3d9\uc81c\uac00 \uc2dc\uc791\ub41c \uc774\ud6c4, \ud658\uc728\uc740 \uc218\uc785 \uac1c\ubc29, \uc120\uac70 \ubcc0\ub3d9\uc131, \ub18d\uc5c5\uacc4\uc758 \ud658\uc804\uacfc \ud568\uaed8 \ubc34\ub4dc \ub0b4\uc5d0\uc11c \ubcc0\ub3d9\uc744 \uc720\uc9c0\ud588\ub2e4.<br>\ub9cc\uc57d \uc120\uac70\uc5d0\uc11c \uc790\uc720\uc804\uc9c4\ub2f9\uc774 \uc2b9\ub9ac\ud55c\ub2e4\uba74, \ud658\uc728\uc740 \uc548\uc815\uc138\ub97c \ubcf4\uc77c \uac83\uc774\uba70, \ud328\ubc30\ud55c\ub2e4\uba74 \ud658\uc728\uc5d0 \ub300\ud55c \uc555\ub825\uc774 \ub192\uc544\uc9c8 \uac83\uc774\ub2e4.<br>\uc774\uc678\uc5d0 \uc911\uc559\uc740\ud589\uc758 \uc2dc\uc7a5 \uac1c\uc785 \ub2a5\ub825\uc744 \uc81c\ud55c\ud558\ub294 \ub9c8\uc774\ub108\uc2a4 \uc678\ud658\ubcf4\uc720\uc561\ub3c4 \uac16\uace0\uc788\ub2e4.<br>\uc62c\ud574 \ub0a8\uc740 \uae30\uac04\uc5d0\ub294 \ub18d\uc5c5\uacc4\uc758 \ud658\uc804\uc774 \uac10\uc18c\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc5d0\ub108\uc9c0 \uc218\ucd9c\uc774 \ub298\uc5b4\ub098\uba74 \ud658\uc728 \uc548\uc815\uc5d0 \ub3c4\uc6c0\uc774 \ub41c\ub2e4.<br>\uadf8\ub7ec\ub098 \uc774\ub294 2026\ub144 \uc911\ubc18\uc5d0\uc57c \ubcfc\uc218\uc788\uc744 \uac83\uc774\ub2e4.<br>\ud658\uc728 \uade0\ud615\uc5d0 \ub3c4\uc6c0\uc774 \ub418\ub294 \uc694\uc18c \uc911\uc5d0\ub294 \uc218\ucd9c\uc5c5\uccb4\uc758 \ud658\uc804\uc744 \uc720\ub3c4\ud558\ub294 \uae08\ub9ac \uc815\ucc45\uc774 \uc788\ub2e4.<br>\uc815\ubd80\uac00 \uc120\uac70 \uc774\ud6c4, \uae30\uc5c5\uc5d0 \ub300\ud55c \ud658\uc728 \uaddc\uc81c \ud574\uc81c\ub97c \uc2dc\ud589\ud55c\ub2e4\uba74, 10\uc6d4 \ub9d0 \ud658\uc728\uc740 \ubc34\ub4dc\uc758 \uc0c1\ud55c\uc120\uc5d0 \uac00\uae4c\uc640 \uc9c8\uac83\uc774\ub2e4.<br>\uc774\ub7ec\ud55c \uc6c0\uc9c1\uc784\uc740 \ud1b5\ud654 \uc548\uc815\ud654\uc640 2026\ub144 \uc2dc\uc7a5 \uc811\uadfc\uc5d0 \ub3c4\uc6c0\uc774 \ub41c\ub2e4.<br>Wise Capital \ud22c\uc790\ud68c\uc0ac\ub294 \uc120\uac70\uac00 \uc9c1\uc804\uc758 \ud658\uc728\uc740 1,380 \ud398\uc18c \uc815\ub3c4\uc5d0 \uc788\ub2e4\uac00, \uc5f0\ub9d0\uc5d0\ub294 1,400~1450 \ud398\uc18c \uc120\uc5d0 \uc788\uc744 \uac83\uc73c\ub85c \ubcf8\ub2e4.<br>\ub9cc\uc57d \uc5ec\ub2f9\uc774 \uc120\uac70\uc5d0\uc11c \ud070 \uc2b9\ub9ac\ub97c \uac70\ub454\ub2e4\uba74, \ud658\uc728\uc740 \uc5f0\ub9d0\uae4c\uc9c0 1,370~1,400 \ud398\uc18c \uc0ac\uc774\ub85c \uc548\uc815\ud654\ub97c \ubcf4\uc77c \uc218 \uc788\ub2e4.<br>\ubc18\uba74\uc5d0 \uc815\ubd80\uac00 \ud328\ubc30\ud558\uba74 \ud658\uc728\uc740 1,500~1,550 \ud398\uc18c\uae4c\uc9c0 \ub3c4\ub2ec\ud560 \uc218 \uc788\ub2e4.<br>\uadf8\ub7ec\ub098 \uc911\uc559\uc740\ud589\uc740 \uc678\ud658\ubcf4\uc720\uc561\uc73c\ub85c, 2026\ub144 1\/4 \ubd84\uae30\uc5d0 \ud658\uc728\uc774 \uae09\ub4f1\ud558\uba74 \uac1c\uc785\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/li>\n\n\n\n<li>\ud658\uc728 \uc548\uc815\uc73c\ub85c \uc2dc\uc7a5 \uc0c1\uc2b9<br>\ucd5c\uadfc \ud658\uc728\uc774 \ud558\ub77d\ud558\uba74\uc11c \uad6d\ub0b4\uc2dc\uc7a5\uc740 \uc0c1\uc2b9\ud588\ub2e4.<br>Merval \uc9c0\uc218\ub294 \uc5b4\uc81c \ud398\uc18c\ub85c 2.9%,\ub2ec\ub7ec\ub85c 3.8% \uc0c1\uc2b9\ud588\uace0, \uc77c\ubd80 \uc885\ubaa9\uc740 \ucd5c\ub300 6.3%\ub098 \ub6f0\uc5c8\ub2e4.<br>\uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 ADR\ub3c4 6.5% \ud3ed\ub4f1\ud588\ub2e4.<br>\ub2ec\ub7ec \ucc44\uad8c\ub3c4 \ub300\ubd80\ubd84 \uc0c1\uc2b9\ud588\uace0, \ucd5c\ub300 0.7%\uae4c\uc9c0 \uc62c\ub790\ub2e4.<br>\ub530\ub77c\uc11c \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 773bp\ub85c \uc57d\uac04 \ub5a8\uc5b4\uc84c\ub2e4.<\/li>\n\n\n\n<li>\uc815\ubd80 \uad11\uc5c5\uc758 200\uac1c \uc0dd\uc0b0\ud488\uc5d0 \ub300\ud55c \uc6d0\ucc9c\uc9d5\uc218\uc138 \ud3d0\uc9c0<br>\uc815\ubd80\ub294 \ubaa9\uc694\uc77c \ubc95\ub839\uc744 \ud1b5\ud574 \uae08, \uad6c\ub9ac, \uc11d\ud68c\ub97c \ud3ec\ud568\ud55c 200\uac1c\uc758 \uad11\uc5c5 \uc0dd\uc0b0\ud488\uc5d0 \ub300\ud55c \uc6d0\ucc9c\uc9d5\uc218\uc138\ub97c \ud3d0\uc9c0\ud588\ub2e4.<br>\uc774 \uc870\uce58\ub294 \uae08\uc694\uc77c\ubd80\ud130 \uc2dc\ud589\ub41c\ub2e4.<br>\uadf8\ub7ec\ub098 \ub9ac\ud2ac\uacfc \uc740\uc740 \uc81c\uc678\ub410\ub2e4.<br>\uad11\uc5c5\uc740 \uc131\uc7a5 \uc7a0\uc7ac\ub825\uacfc \ub354\ubd88\uc5b4 \uace0\uc6a9, \ubd80\uac00\uac00\uce58 \ubc0f \uc678\ud658 \uc720\uc785\uc744 \uc704\ud55c \ubd80\ubb38\uc774\ub2e4.<br>\ub610 \ud6c4\ud6c4\uc774, \uc0b0\ub530 \ub044\ub8e8\uc2a4, \uc0b0 \ud6c4\uc548, \uae4c\ub530\ub9c8\ub974\uae4c \uc8fc\uc640 \uac19\uc740 \uc9c0\uc5ed\uc5d0\uc11c\ub294 \uc218\ucd9c \uc911\uc5d0 \ucd5c\ub300 80%\uc758 \ube44\uc911\uc744 \ucc28\uc9c0\ud55c\ub2e4.<\/li>\n\n\n\n<li>IMF\uc5d0 \ub300\ud55c \uc9c0\ubd88<br>\uc815\ubd80\ub294 \ud654\uc694\uc77c IMF\uc640 \ud611\uc815\uc5d0 \ub530\ub978 \uc774\uc790\ub85c 7\uc5b5 8\ucc9c\ub9cc \ub2ec\ub7ec \uc774\uc0c1\uc744 \uc9c0\ubd88\ud588\ub2e4.<br>\uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc740 5\uc5b5 7600\ub9cc \ub2ec\ub7ec\uac00 \uac10\uc18c\ud55c 421\uc5b5 4100\ub9cc \ub2ec\ub7ec\ub85c \ub9c8\uac10\ud588\ub2e4.<\/li>\n\n\n\n<li>\uac1c\uc778\uc758 \ub2ec\ub7ec \uc608\uae08\uc774 \uc99d\uac00\ud55c 7\uc6d4<br>\uae08\ub9ac \ubcc0\ub3d9\uc131\uacfc \ud658\uc728\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131\uc73c\ub85c 7\uc6d4\uc758 \ub2ec\ub7ec \uc608\uae08\uc740 \ud06c\uac8c \ub298\uc5b4\ub0ac\ub2e4.<br>\ucd1d \ub2ec\ub7ec \uc608\uae08\uc740 17\uc5b5 5500\ub9cc \ub2ec\ub7ec\uac00 \ub298\uc5b4 325\uc5b5 9700\ub9cc \ub2ec\ub7ec\uac00 \ub418\uc5c8\ub2e4.<br>\uc774\ub294 \uc790\uc0b0 \uc591\uc131\ud654 1\ub2e8\uacc4\uac00 \uc788\uc5c8\ub358 2024\ub144 10\uc6d4 \uc774\ud6c4 \uac00\uc7a5 \ud070 \uc6d4\uac04 \uc99d\uac00\uc774\ub2e4.<br>\uc911\uc694\ud55c \uc810\uc740 \ub2ec\ub7ec \uc608\uae08\uc774 \ud06c\uac8c \uc778\ucd9c\ub418\uc9c0 \uc54a\uc740 \uac83\uc774\ub2e4.<br>\uc774\ub7f0 \ub9e5\ub77d\uc740 \uc740\ud589 \uccb4\uc81c \ub0b4\uc5d0\uc11c \uc790\uc0b0\uc744 \uc720\uc9c0\ud558\ub294 \uac83\uc744 \uc120\ud638\ud558\uba70, \uc608\uae08 \uc99d\uac00\ub294 \ubcc0\ub3d9\uc131\uc5d0 \ub300\ud55c \ud5e4\uc9d5 \ubfd0\ub9cc\uc544\ub2c8\ub77c \ud658\uc728 \uc0c1\uc2b9 \uad6d\uba74\uc5d0\uc11c \uc2e0\ub8b0 \uc218\uc900\uc744 \ubc18\uc601\ud558\ub294 \uc77c\uc774\ub2e4.<\/li>\n\n\n\n<li>\uc2dc\uc7a5\uae30\ub300\uc9c0\uc218 (REM)\uc911\uc559\uc740\ud589\uc774 \uc5b4\uc81c \ubc1c\ud45c\ud55c 7\uc6d4\uc758 REM\uc5d0\uc11c \uc815\ubd80\ud658\uc728\uc758 \ucd94\uac00 \uc0c1\uc2b9\uacfc \ud398\uc18c\uc758 \uc2e4\uc9c8 \uac00\uce58 \ud558\ub77d\uc744 \uc608\uc0c1\ud558\uace0\uc788\ub2e4.<br>8\uc6d4 \uc815\ubd80\ud658\uc728\uc740 \uc774\uc804 \ub2ec \uc804\ub9dd\uce58\ubcf4\ub2e4 86 \ud398\uc18c \uc624\ub978 1,315 \ud398\uc18c \ucd94\uc815\ud588\uc73c\uba70, \ud1b110 \ucee8\uc124\ud305\ud68c\uc0ac\ub4e4\uc740 1,304 \ud398\uc18c\ub85c \uc608\uc0c1\ud588\ub2e4.<br>\ud658\uc728\uc740 \uc5f0\ub9d0\uae4c\uc9c0 \uacc4\uc18d \uc0c1\uc2b9\ud560 \uac83\uc774\uba70, 12\uc6d4 \ub9d0 \uc815\ubd80\ud658\uc728\uc740 1,405 \ud398\uc18c\ub85c \ubcf4\uace0\uc788\ub2e4.<br>\uc774\ub294 \uc804\ub144 \ub300\ube44 37.6% \uc0c1\uc2b9\ud55c \uc218\uce58\uc774\uba70, \uc774\uc804 \uc870\uc0ac\ubcf4\ub2e4 7.9% \ub192\uc544\uc84c\ub2e4.<br>\uc815\ubd80\ub294 2026\ub144 \uc608\uc0b0\uc548 \ucd08\uc548\uc5d0\uc11c 12\uc6d4 \ub9d0 \uc815\ubd80\ud658\uc728\uc744 1,299 \ud398\uc18c, \uc5f0\uac04 20.4% \uc0c1\uc2b9\uc744 \uc608\uc0c1\ud588\uc5c8\ub2e4.<\/li>\n\n\n\n<li>\ub099\uad00\uc801\uc778 \uc2dc\uc7a5<br>\uc138\uacc4 \uc8fc\uc694 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ubaa9\uc694\uc77c \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 \ub300\ud615 \uae30\uc220\uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801 \ud638\uc870\uc640 \uacbd\uc81c \ubc0f \uc815\uce58\uc9c0\ud615 \uae30\ub300\uc5d0 \ud798\uc785\uc5b4 \uc0c1\uc2b9\ud588\ub2e4.<br>\uc138\uac00\uc9c0 \uc0c1\uc2b9 \uc694\uc778\uc740, \uae30\uc5c5\uc758 \uc2e4\uc801 \ud638\uc870, \uc6b0\ud06c\ub77c\uc774\ub098 \uc804\uc7c1 \ud734\uc804 \uac00\ub2a5\uc131, \uc5f0\uc900\uc758 9\uc6d4 \uae08\ub9ac\uc778\ud558 \uac00\ub2a5\uc131\uc774 \ucee4\uc9c4 \uc810\uc774\ub2e4.<br>\ubbf8\uad6d\uc758 \ucd5c\uadfc \ubb34\uc5ed\uc804\uc7c1\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc2dc\uc7a5\uc740 \uc548\uc815\uc744 \ucc3e\uc740 \uac83\uac19\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":8785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-8784","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\/8784","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=8784"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8784\/revisions"}],"predecessor-version":[{"id":8786,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8784\/revisions\/8786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/8785"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}