{"id":30847,"date":"2026-03-09T18:52:05","date_gmt":"2026-03-09T18:52:05","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%9c%a82025%e5%b9%b4%e9%a2%86%e8%b7%91%e5%85%a8%e7%90%83%e5%90%8e%ef%bc%8c%e9%9f%a9%e5%9b%bd%e7%bb%bc%e5%90%88%e8%82%a1%e4%bb%b7%e6%8c%87%e6%95%b0%ef%bc%88kospi%ef%bc%89%e5%bb%b6%e7%bb%ad2026\/"},"modified":"2026-03-09T18:52:05","modified_gmt":"2026-03-09T18:52:05","slug":"%e5%9c%a82025%e5%b9%b4%e9%a2%86%e8%b7%91%e5%85%a8%e7%90%83%e5%90%8e%ef%bc%8c%e9%9f%a9%e5%9b%bd%e7%bb%bc%e5%90%88%e8%82%a1%e4%bb%b7%e6%8c%87%e6%95%b0%ef%bc%88kospi%ef%bc%89%e5%bb%b6%e7%bb%ad2026","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%9c%a82025%e5%b9%b4%e9%a2%86%e8%b7%91%e5%85%a8%e7%90%83%e5%90%8e%ef%bc%8c%e9%9f%a9%e5%9b%bd%e7%bb%bc%e5%90%88%e8%82%a1%e4%bb%b7%e6%8c%87%e6%95%b0%ef%bc%88kospi%ef%bc%89%e5%bb%b6%e7%bb%ad2026\/","title":{"rendered":"\u57282025\u5e74\u9886\u8dd1\u5168\u7403\u540e\uff0c\u97e9\u56fd\u7efc\u5408\u80a1\u4ef7\u6307\u6570\uff08KOSPI\uff09\u5ef6\u7eed2026\u5e74\u6da8\u52bf\uff0c\u5f15\u53d1\u5bf9\u80fd\u5426\u518d\u521b\u65b0\u9ad8\u7684\u8d28\u7591"},"content":{"rendered":"KOSPI\uff08\u97e9\u56fd\u7efc\u5408\u80a1\u4ef7\u6307\u6570\uff09\u57282025\u5e74\u56de\u62a5\u7387\u8fbe75%\uff0c\u5e76\u5728\u622a\u81f32026\u5e743\u67086\u65e5\uff08\u5468\u4e94\uff09\u6536\u76d8\u7684\u4eca\u5e74\u4ee5\u6765\u518d\u6da825%\u3002\u540c\u671f\uff0c\u7eb3\u65af\u8fbe\u514b\u6307\u6570\u4e0b\u8dcc4.64%\uff0cDAX 40\u6307\u6570\u4e0eCAC 40\u6307\u6570\u5206\u522b\u4e0b\u6ed13.70%\u548c1.50%\uff1b\u5728\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\uff08\u56fd\u5bb6\u4e4b\u95f4\u7684\u653f\u6cbb\u4e0e\u519b\u4e8b\u77db\u76fe\uff09\u5f71\u54cd\u4e0b\uff0c\u897f\u65b9\u5e02\u573a\u627f\u538b\u3002\n\n\u5176\u4e2d\u4e00\u4e2a\u63a8\u52a8\u56e0\u7d20\u662f\uff0c\u97e9\u56fd\u5e74\u8f7b\u4eba\u628a\u8d44\u91d1\u4ece\u623f\u4ea7\u8f6c\u5411\u80a1\u7968\uff0c\u56e0\u4e3a\u4f4f\u623f\u6210\u672c\u4e0a\u6da8\u30022024\u5e74\uff0c\u9996\u5c14\u5bb6\u5ead\u82e5\u628a\u6240\u6709\u53ef\u652f\u914d\u6536\u5165\uff08\u6263\u9664\u5fc5\u8981\u5f00\u652f\u540e\u53ef\u81ea\u7531\u4f7f\u7528\u7684\u6536\u5165\uff09\u90fd\u62ff\u6765\u50a8\u84c4\uff0c\u51e0\u4e4e\u9700\u898114\u5e74\u624d\u80fd\u4e70\u623f\uff1b\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u63092022\u5e74\u6570\u636e\uff0c\u7ebd\u7ea6\u5e02\u7ea6\u97009.7\u5e74\u3002\n\n

\u56fd\u5185\u5229\u597d\u4e0e\u653f\u7b56\u50ac\u5316\u5242<\/h3>\n\u653f\u7b56\u53d8\u5316\u4e5f\u652f\u6491\u80a1\u5e02\uff0cKOSPI\u57282026\u5e741\u6708\u7a81\u78345,000\u70b9\uff0c\u5e76\u57282026\u5e742\u6708\u7a81\u78346,000\u70b9\u3002\u4e0e\u201cValue-Up\uff08\u63d0\u5347\u4f01\u4e1a\u4ef7\u503c\uff09\u201d\u8ba1\u5212\u76f8\u5173\u7684\u6539\u9769\u5305\u62ec\uff1a2025\u5e747\u6708\u300a\u5546\u6cd5\u300b\u4fee\u8ba2\uff1b\u89c4\u5b9a\u516c\u53f8\u9700\u5728\u4e00\u5e74\u5185\u6ce8\u9500\u5e93\u85cf\u80a1\uff08treasury shares\uff0c\u5373\u516c\u53f8\u56de\u8d2d\u540e\u6682\u5b58\u5728\u8d26\u4e0a\u7684\u80a1\u7968\uff0c\u6ce8\u9500\u540e\u4f1a\u51cf\u5c11\u6d41\u901a\u80a1\u6570\uff0c\u901a\u5e38\u6709\u52a9\u6bcf\u80a1\u4ef7\u503c\uff09\uff1b\u4ee5\u53ca2025\u5e7412\u6708\u628a\u80a1\u606f\u7a0e\uff08dividend tax\uff0c\u80a1\u4e1c\u9886\u53d6\u80a1\u606f\u65f6\u7f34\u7eb3\u7684\u7a0e\uff09\u4ece45%\u4e0b\u8c03\u81f314%\u201330%\u3002\n\n\u622a\u81f32025\u5e74\u5e95\uff0c\u5df2\u6709174\u5bb6\u516c\u53f8\u91c7\u7528\u300a\u4f01\u4e1a\u4ef7\u503c\u63d0\u5347\u8ba1\u5212\u300b\uff0c\u5916\u8d44\u53c2\u4e0e\u5ea6\u63a5\u8fd1\u7ffb\u500d\uff1b\u540c\u65f6\uff0cKorea Value-Up Index\uff08\u97e9\u56fd\u4ef7\u503c\u63d0\u5347\u6307\u6570\uff09\u81ea2024\u5e74\u672b\u4ee5\u6765\u4e0a\u6da8\u903e130%\u3002\u4e09\u661f\u7535\u5b50\u4e0eSK\u6d77\u529b\u58eb\u5408\u8ba1\u7ea6\u5360\u5e02\u503c\u4e09\u5206\u4e4b\u4e00\uff0c\u5728AI\u5b58\u50a8\u9700\u6c42\u63a8\u52a8\u4e0b\u8d70\u5f3a\uff1aSK\u6d77\u529b\u58eb2025\u5e74\u8425\u4e1a\u5229\u6da6\uff08operating profit\uff0c\u4e3b\u8425\u4e1a\u52a1\u5229\u6da6\uff09\u8fbe47.2\u4e07\u4ebf\u97e9\u5143\uff0c\u8d85\u8fc7\u4e09\u661f\u768443.6\u4e07\u4ebf\uff1b\u4e24\u5bb6\u516c\u53f8\u57282025\u5e74\u7b2c\u56db\u5b63\u7684NAND\uff08\u95ea\u5b58\uff0c\u4e00\u79cd\u7528\u4e8eSSD\u4e0e\u624b\u673a\u5b58\u50a8\u7684\u5b58\u50a8\u82af\u7247\uff09\u5e02\u5360\u7387\u5206\u522b\u4e3a28%\u4e0e22.1%\u30022025\u5e74\uff0cSK\u6d77\u529b\u58eb\u4e0a\u6da8274%\uff0c\u4e09\u661f\u4e0a\u6da8125%\uff1b\u622a\u81f32026\u5e743\u67086\u65e5\uff0c\u4eca\u5e74\u4ee5\u6765\u4e24\u8005\u518d\u5206\u522b\u4e0a\u6da841%\u4e0e\u7ea656%\u3002\n\n\u8003\u8651\u5230KOSPI\u4eca\u5e74\u4ee5\u6765\u5df2\u5927\u6da825%\uff0c\u5e02\u573a\u53ef\u80fd\u51fa\u73b0\u81ea\u6ee1\u60c5\u7eea\uff08\u6295\u8d44\u8005\u4f4e\u4f30\u98ce\u9669\uff09\uff0c\u8fd9\u901a\u5e38\u4f1a\u538b\u4f4e\u671f\u6743\uff08options\uff0c\u4e00\u79cd\u5728\u672a\u6765\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u6216\u5356\u51fa\u8d44\u4ea7\u7684\u6743\u5229\uff09\u7684\u4ef7\u683c\u3002VKOSPI\uff08\u97e9\u56fd\u6ce2\u52a8\u7387\u6307\u6570\uff0c\u7528\u6765\u8861\u91cf\u5e02\u573a\u9884\u671f\u6ce2\u52a8\u7684\u6307\u6807\uff0c\u7c7b\u4f3c\u7f8e\u56fdVIX\uff09\u53ef\u80fd\u5904\u4e8e\u5386\u53f2\u4f4e\u4f4d\u9644\u8fd1\uff0c\u63a5\u8fd1\u8fc7\u53bb\u725b\u5e02\u5e38\u89c1\u768413\u201315\u533a\u95f4\u3002\u8fd9\u79cd\u73af\u5883\u4e0b\uff0c\u7528\u884d\u751f\u54c1\uff08derivatives\uff0c\u4ef7\u683c\u6765\u81ea\u80a1\u7968\/\u6307\u6570\u7b49\u201c\u6807\u7684\u8d44\u4ea7\u201d\u7684\u91d1\u878d\u5de5\u5177\uff09\u5e03\u5c40\u7684\u6210\u672c\u76f8\u5bf9\u8f83\u4f4e\u3002\n\n\u53c2\u4e0eAI\u4e0e\u534a\u5bfc\u4f53\u666f\u6c14\u7684\u66f4\u76f4\u63a5\u65b9\u5f0f\uff0c\u662f\u4e70\u5165\u884c\u4e1a\u9f99\u5934\u4e09\u661f\u7535\u5b50\u4e0eSK\u6d77\u529b\u58eb\u7684\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u6807\u7684\u7684\u6743\u5229\uff09\u3002\u4e24\u8005\u7684\u5f3a\u52bf\u8868\u73b0\u4ecd\u662f\u5e26\u52a8\u6307\u6570\u4e0a\u884c\u7684\u4e3b\u8981\u52a8\u529b\u3002\u4f7f\u7528\u770b\u6da8\u4ef7\u5dee\uff08call spread\uff0c\u540c\u65f6\u4e70\u5165\u8f83\u4f4e\u884c\u6743\u4ef7\u7684\u770b\u6da8\u671f\u6743\u5e76\u5356\u51fa\u8f83\u9ad8\u884c\u6743\u4ef7\u7684\u770b\u6da8\u671f\u6743\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4f46\u4e5f\u9650\u5236\u6700\u5927\u6536\u76ca\uff09\u53ef\u964d\u4f4e\u524d\u671f\u6210\u672c\uff0c\u540c\u65f6\u5728\u77ed\u671f\u52a8\u80fd\u5ef6\u7eed\u65f6\u4ecd\u80fd\u83b7\u53d6\u53ef\u89c2\u4e0a\u884c\u7a7a\u95f4\u3002\n\n\u4e0d\u8fc7\u4e5f\u8981\u7559\u610f\uff0c\u6563\u6237\u53c2\u4e0e\u5ea6\u81ea2025\u5e74\u660e\u663e\u4e0a\u5347\uff0c\u53ef\u80fd\u4ee4\u5e02\u573a\u66f4\u5bb9\u6613\u51fa\u73b0\u60c5\u7eea\u6025\u8f6c\u3002\u7c7b\u4f3c\u60c5\u51b5\u66fe\u57282020\u20132021\u5e74\u7684\u201c\u4e1c\u5b66\u8682\u8681\u201d\u8fd0\u52a8\u51fa\u73b0\uff1a\u6563\u6237\u4e3b\u5bfc\u7684\u5f3a\u52bf\u884c\u60c5\u6700\u7ec8\u4e5f\u7ecf\u5386\u6df1\u5ea6\u56de\u8c03\u3002\u8d2d\u4e70\u4e00\u4e9b\u4fbf\u5b9c\u7684\u865a\u503c\uff08out-of-the-money\uff0c\u884c\u6743\u4ef7\u4e0d\u5229\u3001\u76ee\u524d\u4e0d\u5177\u5907\u7acb\u5373\u83b7\u5229\u6761\u4ef6\u7684\uff09KOSPI 200\u6307\u6570\u770b\u8dcc\u671f\u6743\uff08put options\uff0c\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u6807\u7684\u7684\u6743\u5229\uff09\u53ef\u4f5c\u4e3a\u5bf9\u51b2\uff08hedge\uff0c\u7528\u6765\u964d\u4f4e\u4e0b\u8dcc\u98ce\u9669\uff09\u5de5\u5177\uff0c\u4ee5\u9632\u672a\u6765\u6570\u5468\u51fa\u73b0\u5feb\u901f\u53cd\u8f6c\u3002\n\n

\u4ed3\u4f4d\u4e0e\u4e0b\u884c\u98ce\u9669\u7ba1\u7406<\/h3>\n\u540c\u65f6\uff0c\u201cValue-Up\u201d\u8ba1\u5212\u901a\u8fc7\u5438\u5f15\u7a33\u5b9a\u7684\u673a\u6784\u8d44\u91d1\uff08institutional money\uff0c\u6765\u81ea\u57fa\u91d1\u3001\u4fdd\u9669\u3001\u517b\u8001\u91d1\u7b49\u5927\u578b\u6295\u8d44\u8005\u7684\u8d44\u91d1\uff09\u4e3a\u5e02\u573a\u63d0\u4f9b\u7ed3\u6784\u6027\u652f\u6301\u3002\u5916\u8d44\u57282025\u5e74\u4e0a\u6da8\u8fc7\u7a0b\u4e2d\u51c0\u4e70\u5165\uff08net buyers\uff0c\u4e70\u5165\u91d1\u989d\u5927\u4e8e\u5356\u51fa\u91d1\u989d\uff09\u903e120\u4ebf\u7f8e\u5143\u97e9\u56fd\u80a1\u7968\uff0c\u8fd9\u7c7b\u8d44\u91d1\u6d41\u5165\u6709\u52a9\u964d\u4f4e\u6df1\u8dcc\u98ce\u9669\u3002\u8fd9\u610f\u5473\u7740\u5373\u4f7f\u51fa\u73b0\u56de\u8c03\uff0c\u8dcc\u5e45\u53ef\u80fd\u8f83\u6d45\uff1b\u56e0\u6b64\uff0c\u5356\u51fa\u770b\u8dcc\u4ef7\u5dee\uff08put spread\uff0c\u5356\u51fa\u8f83\u9ad8\u884c\u6743\u4ef7\u7684\u770b\u8dcc\u671f\u6743\u5e76\u4e70\u5165\u8f83\u4f4e\u884c\u6743\u4ef7\u7684\u770b\u8dcc\u671f\u6743\uff0c\u7528\u6765\u6536\u53d6\u6743\u5229\u91d1\u4f46\u9650\u5236\u6700\u5927\u4e8f\u635f\uff09\u53ef\u6210\u4e3a\u6536\u53d6\u6743\u5229\u91d1\uff08premium\uff0c\u671f\u6743\u4ef7\u683c\/\u6536\u53d6\u7684\u8d39\u7528\uff09\u7684\u4e00\u79cd\u65b9\u5f0f\uff0c\u9002\u5408\u9884\u671f\u201c\u4f1a\u56de\u8c03\u4f46\u4e0d\u6df1\u8dcc\u201d\u7684\u4ea4\u6613\u8005\u3002\n

\r\n\r\n

\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 – \u70b9\u51fb\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237 <\/strong> <\/p>\r\n","protected":false},"excerpt":{"rendered":"

\u97e9\u80a1KOSPI\u4e24\u5e74\u98d9\u5347\uff1a2025\u56de\u62a575%\u3001\u4eca\u5e74\u518d\u6da825%\uff0c\u653f\u7b56Value-Up\u53e0\u52a0\u5e74\u8f7b\u8d44\u91d1\u5f03\u623f\u5165\u5e02\u3001AI\u534a\u5bfc\u4f53\u9886\u6da8\u3002\u6ce2\u52a8\u7387\u504f\u4f4e\uff0c\u671f\u6743\u5bf9\u51b2\u4e0e\u4ef7\u5dee\u7b56\u7565\u53d7\u5173\u6ce8\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-30847","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/30847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=30847"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/30847\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=30847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=30847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=30847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}