随着韩国应对韩元疲软走势，韩国国家养老基金将在确保货币稳定上发挥更大作用。 更灵活的对冲政策使国民年金公团拥有更大的回旋空间来支撑韩元。目前，国民年金公团将其战略和战 术对冲的综合比例上限设定在其全球资产的约15%，并通过包括卖出美元远期在内的多种方式来实现这 一目标。 MACD金叉信号形成，这些股涨势不错！ MACD金叉信号形成，这些股涨势不错！ 责任编辑：王永生 随着韩国应对韩元疲软走势，韩国国家养老基金将在确保货币稳定上发挥更大作用。 国民年金公团的管理委员会周一表示，将采取更灵活的对冲策略，但未作详细说明。该基金还将与韩国 央行签署的650亿美元外汇掉期协议的期限延长一年，至2026年底。 韩国寻求提振韩元，此前持续的股市资金外流和海外投资导致韩元今年下半年下跌8%。作为韩国最大 的机构投资者，国民年金公团拥有约5420亿美元海外资产，经常通过对冲和外汇操作来帮助抵消韩元面 临的压力。 "由于国民年金公团的交易规模非常大，因此其市场影响也相当显著，"Kookmin Bank驻首尔经济学家 Minhyeok Lee表示。"这些措施可以缓解近期境内外汇供需失衡的局面。" 国民年金公团的管理委员会周一表示， ...

Core Viewpoint - Analysts suggest that if the Korean won falls to the significant psychological level of 1500 against the US dollar, the South Korean authorities may intensify efforts to defend the currency [1][4]. Group 1: Currency and Economic Pressure - The Korean National Pension Service (NPS) has recently begun selling dollars to support the won, and it is expected to be more active around the 1,480-1,500 range [1][4]. - The won has depreciated over 4% this quarter due to continuous capital outflows from the stock market and increased overseas investments by residents, putting pressure on South Korea to defend its currency [1][4]. - The NPS, as the largest institutional investor in South Korea with approximately $545 billion in overseas assets, frequently employs hedging and foreign exchange operations to alleviate pressure on the won [1][4]. Group 2: Market Reactions and Expectations - Recent reports regarding NPS's foreign exchange hedging operations seem to have created a signaling effect in the market, leading to a general belief that authorities will defend the 1,500 level [1][4]. - The NPS has set a hedging ratio limit of around 15% of its global assets and implements various methods, including selling dollar forwards, to manage this [1][4]. - The NPS's tactical hedging plan allows it to hedge up to 5% of its overseas asset exposure during the recent round of dollar selling [1][4]. Group 3: Liquidity and Management Expectations - There is an increasing expectation for authorities to implement certain year-end foreign exchange management measures in the context of thin liquidity [2][5]. - The hedging activities of the NPS may have a notable impact on the market [5].