{"id":8536,"date":"2026-01-21T16:42:17","date_gmt":"2026-01-21T08:42:17","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8536"},"modified":"2026-01-21T16:42:22","modified_gmt":"2026-01-21T08:42:22","slug":"%e6%97%a5%e5%80%ba%e5%b4%a9%e7%9b%98%e4%b8%8e%e5%9c%b0%e7%bc%98%e5%8f%98%e6%95%b0-%e9%bb%84%e9%87%91%e5%86%8d%e5%88%9b%e6%96%b0%e9%ab%98%e7%99%bd","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/8536","title":{"rendered":"\uc77c\ubcf8 \ucc44\uad8c\uc758 '\ud3ed\ub77d'\uacfc \uc9c0\uc815\ud559\uc801 '\ubcc0\uc218' - \uae08\uc740 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uacbd\uc2e0, \uc740\uc740 \uc2dc\uc7a5 \uc804\ub9dd\uc5d0 \ub300\ud55c \uc6b0\ub824"},"content":{"rendered":"

<\/p>\n

\uc218\uc694\uc77c \uc624\uc804 \uc7a5\uc5d0\uc11c\ub294 \uadf8\ub9b0\ub780\ub4dc \uc9c0\uc815\ud559\uc801 \uc704\uae30 \uace0\uc870\uc640 \uc77c\ubcf8 \uad6d\ucc44\uc2dc\uc7a5 \ubd95\uad34\ub85c \uc548\uc804\uc790\uc0b0 \uc218\uc694\uac00 \uae09\uaca9\ud558\uac8c \ub298\uc5c8\ub2e4. \uae08 \ud604\ubb3c \uac00\uaca9\uc740 \uc0ac\uc0c1 \ucc98\uc74c\uc73c\ub85c \uc628\uc2a4\ub2f9 4,800\ub2ec\ub7ec \uc120\uc5d0 \uba38\ubb3c\ub800\uace0, \ubcf4\ub3c4 \uc2dc\uac04 \ud604\uc7ac \uc628\uc2a4\ub2f9 4,819.75\ub2ec\ub7ec\uc5d0 \uac70\ub798\ub418\uba74\uc11c \uacc4\uc18d \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud588\uc2b5\ub2c8\ub2e4. \uc774\uc640 \ub300\uc870\uc801\uc73c\ub85c \ud604\ubb3c \uc740\uc740 \ub2e8\uae30\uc801\uc73c\ub85c \ud558\ub77d\ud558\uc5ec \ud55c\ub54c \uc628\uc2a4\ub2f9 94\ub2ec\ub7ec \uc544\ub798\ub85c \ub5a8\uc5b4\uc84c\ub2e4\uac00 \ub9c8\uce68\ub0b4 \uc628\uc2a4\ub2f9 94.494\ub2ec\ub7ec\ub85c \ub9c8\uac10\ub418\uc5c8\uc73c\uba70 \uc774\ub294 \ud558\ub8e8 \ub3d9\uc548 0.24% \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

<\/a>\uadf8\ub9b0\ub780\ub4dc\uc758 \uc9c0\uc815\ud559\uc801 \uc704\uae30\ub85c \uc778\ud574 \ubbf8\uad6d\uacfc \uc720\ub7fd \uac04\uc758 \ucc28\uc774\uac00 \uc2ec\ud654\ub418\uc5b4 \uc548\uc804\ud55c \uae08 \uc218\uc694\uac00 \uc99d\uac00\ud569\ub2c8\ub2e4.<\/strong><\/p>\n

\uc2a4\uc704\uc2a4 \ub2e4\ubcf4\uc2a4\uc5d0\uc11c \uc5f4\ub9ac\ub294 \uc138\uacc4\uacbd\uc81c\ud3ec\ub7fc(WEF)\uc5d0 \ucc38\uc11d \uc911\uc778 \ud2b8\ub7fc\ud504 \ubbf8\uad6d \ub300\ud1b5\ub839\uc740 \uadf8\ub9b0\ub780\ub4dc \uc810\ub839\uc744 \ud3ec\uae30\ud558\uc9c0 \uc54a\uc558\ub2e4. \uc774 \ubc1c\uc5b8\uc740 \uc5f0\uc1c4\ubc18\uc751\uc744 \ubd88\ub7ec\uc77c\uc73c\ucf30\uace0, \uadf8\ub9b0\ub780\ub4dc \ucd1d\ub9ac\ub294 \uad6d\ubbfc\ub4e4\uc5d0\uac8c \uad70\uc0ac\uce68\ub7b5\uc5d0 \ub300\ube44\ud560 \uac83\uc744 \uc9c1\uc811 \ucd09\uad6c\ud558\uba74\uc11c\ub3c4 \uadf8\ub7f4 \uac00\ub2a5\uc131\uc740 \ub0ae\ub2e4\uace0\ub3c4 \uc778\uc815\ud588\ub2e4. \uc720\ub7fd \u200b\u200b\uad6d\uac00\ub4e4\uc740 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc758 \uacc4\ud68d\uc5d0 \ub300\ud574 \ubd84\uba85\ud55c \ubc18\ub300 \uc785\uc7a5\uc744 \ubc1d\ud614\uace0, \uc2dc\uc7a5\uc740 \uc774\ubc88 \uc870\uce58\uac00 \ud30c\uad34\uc801\uc778 \ubb34\uc5ed\uc804\uc7c1\uc744 \ucd09\ubc1c\ud560 \uac83\uc744 \uc6b0\ub824\ud558\uace0 \uc788\ub2e4. \ub9c8\ud06c\ub871 \ud504\ub791\uc2a4 \ub300\ud1b5\ub839\uc740 \uc720\ub7fd\uc774 \uc8fc\uad8c\uc744 \uac15\ud654\ud558\uace0 '\uac00\uc2e0\ud654\uc640 \uc720\ud608 \uc815\uce58'\uc5d0 \ube60\uc9c0\uc9c0 \uc54a\uc544\uc57c \ud55c\ub2e4\uace0 \uc9c1\uc124\uc801\uc73c\ub85c \ub9d0\ud588\ub2e4. \uce74\ub2c8 \uce90\ub098\ub2e4 \ucd1d\ub9ac\ub294 \uaddc\uce59\uc5d0 \uae30\ubc18\ud55c \uad6d\uc81c\uc9c8\uc11c\uac00 \uc0ac\uc2e4\uc0c1 \uc0ac\ub77c\uc84c\ub2e4\uace0 \uc9c1\uc124\uc801\uc73c\ub85c \ub9d0\ud558\uae30\ub3c4 \ud588\ub2e4. \ub2e4\ubcf4\uc2a4 \ud3ec\ub7fc\uc5d0\uc11c\uc758 \uc124\uc804\uc740 \ubbf8\uad6d\uacfc \uc804\ud1b5\uc801\uc778 \uc720\ub7fd \ub3d9\ub9f9\uad6d\ub4e4 \uc0ac\uc774\uc758 \uad00\uacc4\uac00 \uae09\uc18d\ud788 \uc545\ud654\ub418\uace0 \uc788\uc74c\uc744 \uba85\ubc31\ud788 \ub4dc\ub7ec\ub0c8\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc0c1\ud669\uc740 \uae00\ub85c\ubc8c \uae08\uc735\uc2dc\uc7a5\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \ud63c\ub780\uc5d0 \ube60\ub728\ub838\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \ub2ec\ub7ec \ud658\uc728\uc740 \ud558\ub77d \uc555\ub825\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790\uc790\ub4e4\uc740 \uae08 \uac00\uaca9 \uc0c1\uc2b9\uc758 \uc911\uc694\ud55c \ub3d9\uc778\uc774 \ub41c \uadc0\uae08\uc18d\uacfc \uac19\uc740 \uc548\uc804\uc790\uc0b0\uc73c\ub85c \ub208\uc744 \ub3cc\ub838\uc2b5\ub2c8\ub2e4.<\/p>\n

\"IMG_256\"<\/a><\/p>\n

\uc77c\ubcf8 \uad6d\ucc44\uc2dc\uc7a5 \ubd95\uad34, \uae00\ub85c\ubc8c \uc2dc\uc7a5 \uc5f0\uc1c4\ubc18\uc751 \ucd09\ubc1c<\/strong><\/p>\n

\uc77c\ubcf8 \uad6d\ucc44\uc2dc\uc7a5 \ubd95\uad34\ub85c \uc8fc\uc694\uad6d \uc7ac\uc815\uc0c1\ud669\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \uc6b0\ub824\uac00 \ub354\uc6b1 \uc99d\ud3ed\ub410\uace0, \ud22c\uc790\uc790\ub4e4\uc774 \ud1b5\ud654\uc640 \uad6d\ucc44\ub97c \uae30\ud53c\ud558\ub294 '\ud3c9\uac00\uc808\ud558 \uac70\ub798'\uac00 \ucd09\ubc1c\ub410\ub2e4. \ub2e4\uce74\uc774\uce58 \uc0ac\ub098\uc5d0 \uc77c\ubcf8 \ucd1d\ub9ac\uc758 \uc2dd\ud488\uc138 \uc778\ud558 \uacf5\uc57d\uc740 \uc77c\ubcf8 \uad6d\ucc44\uc2dc\uc7a5\uc744 \ubb34\ub108\ub728\ub9b0 \uacc4\uae30\uac00 \ub410\ub2e4. \uc77c\ubcf8 \uad6d\ucc44 30\ub144\ubb3c\uacfc 40\ub144\ubb3c \uae08\ub9ac\ub294 \ud654\uc694\uc77c \ud558\ub8e8 \ub9cc\uc5d0 25bp \uc774\uc0c1 \uae09\ub4f1\ud574 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud588\ub2e4. \uc77c\ubcf8 \uad6d\ucc44 \uc720\ub3d9\uc131\uc744 \uce21\uc815\ud558\ub294 \uc9c0\ud45c\ub4e4\uc774 \ub3d9\uc2dc\uc5d0 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uace0, \uc2dc\uc7a5\uc740 \uba85\ubc31\ud55c '\ub9e4\uc218\ud30c\uc5c5' \uc0c1\ud0dc\ub97c \ubcf4\uc600\ub2e4.<\/p>\n

2\uc6d4 8\uc77c \uc77c\ubcf8\uc758 \ucd1d\uc120\uc774 \ub2e4\uac00\uc634\uc5d0 \ub530\ub77c \ud5a5\ud6c4 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc5d0 \ub300\ud55c \ud22c\uc790\uc790\ub4e4\uc758 \uc6b0\ub824\ub294 \uacc4\uc18d \ucee4\uc9c0\uace0 \uc788\uc73c\uba70, \uc774\ub7ec\ud55c \ud63c\ub780\uc740 \uc0c1\ub2f9\ud55c \ud30c\uae09 \ud6a8\uacfc\ub3c4 \uac00\uc838\uc654\uc2b5\ub2c8\ub2e4. \uc528\ud2f0\uadf8\ub8f9 \uae00\ub85c\ubc8c \ub9c8\ucf13(Citigroup Global Markets)\uc740 \uc77c\ubcf8 \uad6d\ucc44 \ubcc0\ub3d9\uc131\uc758 \uae09\uaca9\ud55c \uc99d\uac00\uac00 \ub2e4\ub978 \uc790\uc0b0\uad70, \ud2b9\ud788 \ubbf8\uad6d \uad6d\ucc44\ub85c \uc804\uc774\ub418\uc5b4 \ud22c\uc790\uc790\ub4e4\uc774 \uc804\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uaddc\ubaa8\ub97c \ucd95\uc18c\ud558\uac8c \ub420 \uc218 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. \uc528\ud2f0\uadf8\ub8f9\uc758 \uc544\uc2dc\uc544 \ud2b8\ub808\uc774\ub529 \uc804\ub7b5 \ucc45\uc784\uc790\uc778 \ubaa8\ud558\uba54\ub4dc \uc544\ud30c\ubc14\ud558\uc774\ub294 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0 \ud380\ub4dc\uac00 \ud604\uc7ac \uc790\uc0b0 \ub178\ucd9c\uc758 3\ubd84\uc758 1\uc744 \ub9e4\uac01\ud574\uc57c \ud560 \uc218\ub3c4 \uc788\uc73c\uba70, \uc774\ub85c \uc778\ud574 \ubbf8\uad6d\uc5d0\uc11c\ub9cc \ucd5c\ub300 1300\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 \ucc44\uad8c \ub9e4\uac01\uc774 \ubc1c\uc0dd\ud560 \uc218 \uc788\ub2e4\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

\ud55c\uad6d\uacfc \uc601\uad6d \uad6d\ucc44\uc2dc\uc7a5\ub3c4 \uc774\ub7ec\ud55c \ubcc0\ub3d9\uc131\uc5d0 \uadf9\ub3c4\ub85c \ucde8\uc57d\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub41c\ub2e4. 2024\ub144 7\uc6d4 \ucd08\ubd80\ud130 \uc678\uad6d\uc778 \ud22c\uc790\uc790\uac00 \ubcf4\uc720\ud55c \ud55c\uad6d \uad6d\ucc44 \uc190\uc2e4\uc561\uc774 10%\ub97c \ub118\uc5b4 \uc190\uc808\ub9e4\ub3c4 \uc6b0\ub824\uac00 \uc788\ub2e4. State Street Investment Management\uc758 \uc218\uc11d \ucc44\uad8c \uc804\ub7b5\uac00\uc778 Masahiko Loo\ub294 \uc77c\ubcf8 \uc2dc\uc7a5\uc758 \ud604\uc7ac \uc0c1\ud669\uc774 \"\uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \uc21c\uac04\"\uc744 \uacbd\ud5d8\ud558\ub294 \uc2dc\uc7a5 \uac00\uaca9 \ucc45\uc815\uacfc \ub3d9\uc77c\ud558\ub2e4\uace0 \uc9c1\uc124\uc801\uc73c\ub85c \ub9d0\ud588\uc2b5\ub2c8\ub2e4. \uc774 \uc8fc\uc7a5\uc740 \uc790\uae08\uc774 \uc9c0\uc6d0\ub418\uc9c0 \uc54a\uc740 \uc138\uae08 \uac10\uba74 \uacc4\ud68d\uc774 \uc601\uad6d \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c \uc545\uc758\uc801\uc778 \ub9e4\uac01\uc744 \ucd09\ubc1c\ud558\uace0 \uad81\uadf9\uc801\uc73c\ub85c \uc0ac\uc784\ud558\uac8c \ub9cc\ub4e0 \uc804 \uc601\uad6d \ucd1d\ub9ac \ub9ac\uc988 \ud2b8\ub7ec\uc2a4(Liz Truss)\ub85c\ubd80\ud130 \ube44\ub86f\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n

\"IMG_256\"<\/p>\n

<\/a>\ubbf8\uad6d\uacfc \uc77c\ubcf8 \uc7ac\ubb34\uc7a5\uad00\uc774 \uc548\uc815\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud574 \ud798\uc744 \ud569\ucce4\uace0, \uc720\ub7fd\uc774 \ubbf8\uad6d \uad6d\ucc44\ub97c \ub9e4\uac01\ud588\ub2e4\ub294 \uc18c\ubb38\uc774 \ubc18\ubc15\ub410\ub2e4<\/strong><\/p>\n

\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \uc2ec\ud654\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c \ubbf8\uad6d\uacfc \uc77c\ubcf8 \uc7ac\ubb34\uc7a5\uad00\uc740 \ub2e4\ubcf4\uc2a4 \ud3ec\ub7fc\uc5d0\uc11c \uc548\uc815 \uc720\uc9c0 \uc2e0\ud638\ub97c \uc804\ub2ec\ud558\uace0 \ubc1c\ud45c\ud588\ub2e4. \uc2a4\ucf67 \ubca0\uc13c\ud2b8 \ubbf8\uad6d \uc7ac\ubb34\uc7a5\uad00\uc740 \uc77c\ubcf8 \uc7ac\ubb34\uc7a5\uad00\uacfc \uc811\ucd09\ud588\uc73c\uba70 \uc77c\ubcf8\uc774 \uc2dc\uc7a5\uc744 \uc9c4\uc815\uc2dc\ud0a4\uae30 \uc704\ud55c \ubc1c\uc5b8\uc744 \ud560 \uac83\uc774\ub77c\uace0 \ubbff\uace0 \uc788\ub2e4\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \uc77c\ubcf8 \uc2dc\uc7a5\uc774 \uc9c0\ub09c \uc774\ud2c0 \ub3d9\uc548 '6\uac1c\uc758 \ud45c\uc900\ud3b8\ucc28'\ub77c\ub294 \uadf9\uc2ec\ud55c \ubcc0\ub3d9\uc744 \uacbd\ud5d8\ud588\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \ubbf8\uad6d \uc2dc\uc7a5\uc5d0\uc11c \uc774\ub7f0 \ubcc0\ub3d9\uc774 \uc77c\uc5b4\ub09c\ub2e4\uba74 10\ub144 \ub9cc\uae30 \ubbf8\uad6d \uad6d\ucc44 \uc218\uc775\ub960\uc774 50bp \uae09\ub4f1\ud55c\ub2e4\ub294 \ub73b\uc774\ub2e4. \uac00\ud0c0\uc57c\ub9c8 \uc0ac\uce20\ud0a4 \uc77c\ubcf8 \uc7ac\ubb34\uc7a5\uad00\ub3c4 \uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc5d0\uac8c \uae09\uaca9\ud55c \ub9e4\ub3c4\uc138 \uc774\ud6c4 \uce68\ucc29\ud568\uc744 \uc720\uc9c0\ud558\ub77c\uace0 \ucd09\uad6c\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

Bessant\ub294 \uc77c\ubcf8 \ucc44\uad8c\uc758 \ud558\ub77d\uc774 \uadf8\ub9b0\ub780\ub4dc \uad00\ub828 \ub274\uc2a4\ubcf4\ub2e4 \uba3c\uc800 \ubc1c\uc0dd\ud588\uc73c\uba70 \uc9c0\uc815\ud559\uc801 \uc704\uae30\uac00 \ucc44\uad8c \uc2dc\uc7a5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \uacbd\uc2dc\ud588\ub2e4\uace0 \uac15\uc870\ud588\uc2b5\ub2c8\ub2e4. \uc720\ub7fd\uc774 \ud2b8\ub7fc\ud504\uc758 \uadf8\ub9b0\ub780\ub4dc \uacc4\ud68d\uc5d0 \ub300\uc751\ud558\uae30 \uc704\ud574 \ubbf8\uad6d \uc7ac\ubb34\ubd80 \ucc44\uad8c\uc744 \ub9e4\uac01\ud560 \uc218 \uc788\ub2e4\ub294 \ubcf4\ub3c4\uc5d0 \ub300\ud574 \ubca0\uc0c1\ud2b8\ub294 \uc774\ub97c \u201c\uac70\uc9d3 \uc774\uc57c\uae30\u201d\ub77c\uace0 \uc77c\ucd95\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \uc720\ub7fd \uc815\ubd80\ub4e4\uc740 \uadf8\ub7ec\ud55c \uc870\uce58\uc5d0 \ub300\ud574 \uc804\ud600 \ub17c\uc758\ud55c \uc801\uc774 \uc5c6\uc73c\uba70 \uad00\ub828 \uc18c\ubb38\uc740 \uc5b8\ub860\uc774 \ub3c4\uc774\uccb4\ubc29\ud06c\uc758 \ubcf4\uace0\uc11c\ub97c \uc7a5\uc545\ud558\uace0 \uc774\ub97c \uacfc\ub3c4\ud558\uac8c \ud574\uc11d\ud55c \uac83\uc77c \ubfd0\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4. \ub3c4\uc774\uccb4\ubc29\ud06c \uc804\ub7b5\uac00 \uc870\uc9c0 \uc0ac\ub77c\ubca8\ub85c\uc2a4(George Saravelos)\ub294 \ubcf4\uace0\uc11c\uc5d0\uc11c \uc720\ub7fd\uc774 \ubbf8\uad6d\uc758 \ucd5c\ub300 \ucc44\uad8c\uc790\uc774\uba70 \ubbf8\uad6d\uc758 \ud574\uc678 \uc790\ubcf8 \uc758\uc874\ub3c4\uac00 \uc720\ub7fd\uc758 \uc8fc\uc694 \uc57d\uc810\uc774\ub77c\uace0 \uc9c0\uc801\ud55c \ubc14 \uc788\ub2e4. \uc790\ubcf8\uc758 \ubb34\uae30\ud654\ub294 \ubb34\uc5ed \ud750\ub984\ubcf4\ub2e4 \uc2dc\uc7a5\uc5d0 \ud6e8\uc52c \ub354 \ud30c\uad34\uc801\uc785\ub2c8\ub2e4. \uc7ac\ubb34\uc7a5\uad00\ub4e4\uc758 \ubc1c\uc5b8\uc774 \uc5b4\ub290 \uc815\ub3c4 \ud6a8\uacfc\ub97c \ubc1c\ud718\ud574 \uc77c\ubcf8 40\ub144 \ub9cc\uae30 \uad6d\uace0\ucc44 \uae08\ub9ac\uac00 \uc218\uc694\uc77c \uc624\uc804 \uc7a5\uc5d0\uc11c 6.5bp \ud558\ub77d\ud588\uc9c0\ub9cc \uc2dc\uc7a5\uc758 \uc6b0\ub824\ub294 \uc644\uc804\ud788 \ud574\uc18c\ub418\uc9c0 \uc54a\uc558\ub2e4.<\/p>\n

\ub374\ub9c8\ud06c \uc5f0\uae08\ud380\ub4dc \uc544\uce74\ub370\ubbf8\ucee4 \uc5f0\uae08(Akademiker Pension)\uc740 \uc774\ub2ec \ub9d0 \uc774\uc804\uc5d0 \ubbf8\uad6d \uad6d\ucc44 \uc2dc\uc7a5\uc5d0\uc11c \ucca0\uc218\ud560 \uacc4\ud68d\uc744 \ubd84\uba85\ud788 \ud588\uc2b5\ub2c8\ub2e4. \ub3c5\uc77c \uc54c\ub9ac\uc548\uce20 \uae00\ub85c\ubc8c \uc778\ubca0\uc2a4\ud130\uc2a4(Allianz Global Investors)\uc758 \uc218\uc11d \ub9e4\ub2c8\uc800\uc778 \ub9c8\uc774\ud074 \ud06c\ub77c\uc6b0\uce20\ubc84\uadf8(Michael Krautsburg)\ub294 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc758 \uc99d\uac00\uac00 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc5d0\uac8c \uc555\ub825\uc744 \uac00\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\ub2e4\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 UBS \uadf8\ub8f9\uc758 \uc138\ub974\uc9c0\uc624 \uc5d0\ubaa8\ud2f0(Sergio Emotti) CEO\ub294 \uc720\ub7fd\uc774 \ubbf8\uad6d \uad6d\ucc44 \ubcf4\uc720\ub97c \ubb34\uae30\ud654\ud558\ub824\ub294 \uc2dc\ub3c4\ub294 \"\uc704\ud5d8\ud55c \ub3c4\ubc15\"\uc774 \ub420 \uac83\uc774\ub77c\uace0 \uacbd\uace0\ud588\ub2e4. \uc2dc\uc7a5 \ubd84\uc11d\uac00\ub4e4\uc740 \uc77c\ubcf8 \uc740\ud589\uc774 \uc2dc\uc7a5 \uac1c\uc785\uc744 \uc704\ud574 \ubb34\uc81c\ud55c\uc801\uc778 \ucc44\uad8c \ub9e4\uc785 \uc218\ub2e8\uc744 \uc0ac\uc6a9\ud560 \uc218\ub3c4 \uc788\uc9c0\ub9cc \uc774 \uc870\uce58\uc758 \uc2dc\ud589\uc740 \uc77c\ubcf8 \uc815\ubd80\uac00 \uc5d4\ud654 \uac00\uce58\uc758 \ucd94\uac00 \ud558\ub77d\uc744 \uc6a9\uc778\ud560 \uc218 \uc788\ub294\uc9c0 \uc5ec\ubd80\uc5d0 \ub2ec\ub824 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. AXA\ud22c\uc790\uc6b4\uc6a9\uc758 \uae30\ubb34\ub77c \ub958\ud0c0\ub85c \uc120\uc784 \ucc44\uad8c \uc804\ub7b5\uac00\ub294 \uc77c\ubcf8\uc740\ud589\uc774 \uae08\ub9ac \uc778\ud558\ub97c \uc704\ud574 \uc801\uadf9\uc801\uc73c\ub85c \uac1c\uc785\ud560 \uacbd\uc6b0 \ubbf8\uad6d \ub2ec\ub7ec-\uc5d4 \ud658\uc728\uc774 \uc8fc\uc694 \uc2ec\ub9ac\uc801 \uc9c0\uc810\uc778 160\uc744 \ub3cc\ud30c\ud560 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\"IMG_256\"<\/p>\n

<\/a>\uae08\uc740 \uc544\uc9c1 \uc0c1\uc2b9 \uc5ec\uc9c0\uac00 \uc788\uc9c0\ub9cc \uc740\uc740 \uc9c0\uae08 \ub9e4\uc218\ud558\uae30\uc5d0 \uc88b\uc740 \uc2dc\uae30\ub294 \uc544\ub2d9\ub2c8\ub2e4.<\/strong><\/p>\n

\uadc0\uae08\uc18d \uc2dc\uc7a5 \uc804\ub9dd\uc5d0 \ub300\ud574\uc11c\ub294 \uc5c5\uacc4 \uc804\ubb38\uac00\ub4e4\uc758 \uacac\ud574\uac00 \ud655\uc5f0\ud788 \uc5c7\uac08\ub9b0\ub2e4. TD Securities\uc758 \uc218\uc11d \uc0c1\ud488 \uc804\ub7b5\uac00\uc778 Daniel Galli\ub294 \uae08\uc758 \uc0c1\uc2b9\uc740 \uc2dc\uc7a5 \uc2e0\ub8b0\uc5d0 \ub2ec\ub824 \uc788\ub2e4\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uc2e0\ub8b0\uac00 \uc555\ubc15\uc744 \ubc1b\uace0 \uc788\uc9c0\ub9cc \uc544\uc9c1 \uae68\uc9c0\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \uc77c\ub2e8 \uae68\uc9c0\uba74 \uae08\uc758 \uc0c1\uc2b9 \ubaa8\uba58\ud140\uc740 \ub354 \uc624\ub798 \uc9c0\uc18d\ub420 \uac83\uc785\ub2c8\ub2e4. UBP \uae00\ub85c\ubc8c \uc678\ud658 \uc774\uc0ac \ud53c\ud130 \ud0a8\uc140\ub77c(Peter Kinsella)\ub294 \uae08\uacfc \uc740\uc758 \ud22c\uc790 \uac00\uce58\ub97c \uba85\ud655\ud788 \uad6c\ubd84\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \ud22c\uc790\uc790\ub4e4\uc774 \uc740\uc774 \ud604\uc7ac\uc758 \ub192\uc740 \uc218\uc775\ub960 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac83\uc774\ub77c\uace0 \uae30\ub300\ud574\uc11c\ub294 \uc548 \ub418\uba70, \ud604\uc7ac \uac00\uaca9\uc5d0 \uc740\uc744 \uc0ac\ub294 \uac83\uc740 \"\ub9e4\uc6b0 \ubbf8\uce5c\" \uc6c0\uc9c1\uc784\uc774\ub77c\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \uc740\uac12\uc740 \uc9c0\ub09c 2~3\uac1c\uc6d4 \ub3d9\uc548 50~60% \uc62c\ub790\uace0, \ub0b4\uc7ac\ubcc0\ub3d9\uc131\uc740 65%\uc5d0 \ub2ec\ud558\uba70, 70%\uae4c\uc9c0 \uc624\ub97c \uc218\ub3c4 \uc788\ub2e4. \uadf8\ub294 \ucd5c\uadfc \ubbf8\uad6d\uc774 \uc740\uc5d0 \uad00\uc138\ub97c \ubd80\uacfc\ud558\uc9c0 \uc54a\uaca0\ub2e4\uace0 \ubc1c\ud45c\ud55c \uac83\uc740 \uc88b\uc740 \uc77c\uc774\uc9c0\ub9cc \ubbf8\uad6d\uc758 \uc740 \uc7ac\uace0\uac00 \ud06c\uac8c \uc99d\uac00\ud558\uba74 \ub2e4\ub978 \uc9c0\uc5ed\uc73c\ub85c \uc804\ud658\ub418\uc5b4 \uae00\ub85c\ubc8c \uc784\ub300\uc728\uc774 \ub0ae\uc544\uc9c8 \uc218 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\uc2b5\ub2c8\ub2e4. \uc18c\uc704 \uc2e4\ubb3c \uc740\uc758 \uc2ec\uac01\ud55c \ubd80\uc871 \ud604\uc0c1\uc740 \uc0ac\uc2e4\uc774 \uc544\ub2d9\ub2c8\ub2e4.<\/p>\n

Kinsella\ub294 \uc740\uc774 \ud604\uc7ac \uc7ac\ud3c9\uac00 \ub2e8\uacc4\uc5d0 \uc788\uc73c\uba70 \ud604\uc7ac \uc218\uc900\uc5d0\uc11c \ud06c\uac8c \uc0c1\uc2b9\ud558\ub824\uba74 \uae08\/\uc740 \ube44\uc728\uc774 \uc57d 40 \ub610\ub294 \uc2ec\uc9c0\uc5b4 30\uc73c\ub85c \ub0ae\uc544\uc838\uc57c \ud55c\ub2e4\uace0 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc5ed\uc0ac\uc801 \ud3c9\uade0\uc778 65\ubcf4\ub2e4 \ud6e8\uc52c \ub0ae\uc740 \uc218\uc900\uc785\ub2c8\ub2e4. \uadf8\ub294 \uc5f0\ub9d0\uae4c\uc9c0 \uae08 \uac00\uaca9\uc774 \uc628\uc2a4\ub2f9 \ubbf8\ud654 5,000\ub2ec\ub7ec\ub85c \uc0c1\uc2b9\ud558\uace0 \uae08-\uc740 \ube44\uc728\uc774 \uc57d\uac04 \uc0c1\uc2b9\ud558\uba74 \uc740 \uac00\uaca9\uc774 \ud604\uc7ac \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac00\ub2a5\uc131\uc774 \uac00\uc7a5 \ub192\ub2e4\uace0 \uc608\uce21\ud588\uc2b5\ub2c8\ub2e4. \uc740\uc758 \uc870\uc2ec\uc131\uacfc \ub2ec\ub9ac \ud0a8\uc140\ub77c\ub294 \uae08\uc5d0 \ub300\ud574\uc11c\ub294 \uc790\uc2e0 \uc788\ub2e4. \uadf8\ub294 \uae08\uac12\uc774 \uc0ac\uc0c1 \ucd5c\uace0\uce58\uc5d0 \ub2ec\ud558\ub354\ub77c\ub3c4 \uc5ec\uc804\ud788 \ub9e4\uc218\ud560 \uac00\uce58\uac00 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4. \ubca0\ub124\uc218\uc5d8\ub77c \ub300\ud1b5\ub839\uc758 \uccb4\ud3ec, \uadf8\ub9b0\ub780\ub4dc\uc758 \uc9c0\uc815\ud559\uc801 \uc704\uae30 \ub4f1\uc740 \uc138\uacc4\uac00 \uac15\ub300\uad6d\ub4e4 \uc0ac\uc774\uc5d0\uc11c \ub450\ub4dc\ub7ec\uc9c4 \uc790\uc6d0 \ubbfc\uc871\uc8fc\uc758 \uc2dc\ub300\ub85c \uc811\uc5b4\ub4e4\uc5c8\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uc9c0\uc815\ud559\uc801 \uc8fc\uc81c\uc758 \ub2e4\uc591\uc131\uc73c\ub85c \uc778\ud574 \uadc0\uae08\uc18d\uc740 \ud1b5\ud654\ubcf4\ub2e4 \ub354 \ub098\uc740 \ud22c\uc790 \uc120\ud0dd\uc774 \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uae08\uc740 \ubd84\uba85\ud788 \uc5ec\uc804\ud788 \uc0c1\ub2f9\ud55c \uc131\uc7a5 \uc5ec\uc9c0\ub97c \uac16\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n

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

\uae08 \uac00\uaca9\uc740 \uadf8\ub9b0\ub780\ub4dc\uc758 \uc9c0\uc815\ud559\uc801 \uc704\uae30 \uace0\uc870\uc640 \uc77c\ubcf8 \uad6d\ucc44 \uc2dc\uc7a5 \ubd95\uad34\ub85c \uc778\ud574 \uc218\uc694\uc77c \uc5ed\uc0ac\uc0c1 \ucc98\uc74c\uc73c\ub85c 4,800\ub2ec\ub7ec\ub97c \ub118\uc5b4 \uc7a5\uc911 \ucd5c\uace0 \uae30\ub85d\uc778 4,819.75\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. \uc804\ubb38\uac00\ub4e4\uc740 \ub354 \ub192\uc740 \uac00\uaca9\uc744 \ucd94\uad6c\ud558\uc9c0 \ub9d0\ub77c\uace0 \uacbd\uace0\ud558\uba74\uc11c \uc740\uc740 \uc18c\ud3ed \ud558\ub77d\ud574 $94.49\uc5d0 \ub9c8\uac10\ud588\uc2b5\ub2c8\ub2e4. \uc77c\ubcf8\uc758 30\ub144 \ub9cc\uae30 \uad6d\ucc44 \uc218\uc775\ub960\uc740 25bp \uc774\uc0c1 \uae09\ub4f1\ud574 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uace0, \uc774\ub294 \ubbf8\ud654 1,300\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ucc44\uad8c \ub9e4\ub3c4\ub97c \ucd09\ubc1c\ud574 \uc77c\ubcf8, \ud55c\uad6d, \uc601\uad6d \ucc44\uad8c \uc2dc\uc7a5 \ubaa8\ub450\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uacfc \uc77c\ubcf8 \uc7ac\ubb34\uc7a5\uad00\uc774 \uc548\uc815\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud574 \ud798\uc744 \ud569\ucce4\uc9c0\ub9cc \ud6a8\uacfc\ub294 \uc81c\ud55c\uc801\uc774\ub2e4. \uae30\uad00\uc5d0\uc11c\ub294 \uae08\uac12\uc774 \uc544\uc9c1 \uc0c1\uc2b9 \uc5ec\uc9c0\uac00 \uc788\ub2e4\uace0 \ubcf4\uace0 \ubcc0\ub3d9\uc131\uc774 \ub192\uae30 \ub54c\ubb38\uc5d0 \uc740\uc744 \uad6c\ub9e4\ud558\ub294 \uac83\uc740 \uad8c\uc7a5\ub418\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[523,525,526],"class_list":["post-8536","post","type-post","status-publish","format-standard","hentry","category-financial-news","tag-523","tag-525","tag-526"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/8536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/comments?post=8536"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/8536\/revisions"}],"predecessor-version":[{"id":8544,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/8536\/revisions\/8544"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=8536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=8536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=8536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}