Kospi rises 0.48% on China's economic growth

By Park Sae-jin Posted : January 20, 2014, 16:42 Updated : January 20, 2014, 16:42
KOSPI rose 0.48 percent to 1,953.78 on Monday on China's better-than-expected economic growth in the fourth quarter of last year.  

The Chinese economy grew 7.7 percent  in the October-December period, compared with analysts' estimates of 7.6 percent. 

Institutes bought 54.3 billion won, while foreign investors sold 23.2 billion won. 

Samsung Electronics and Hyundai Motor rose 1.86 percent and 1 percent, respectively. POSCO and KB Financial dropped.

Kosdaq climbed 0.4 percent to 519.99.

Japan's Nikkei was down 0.59 percent to 15,641.68. 

By Lee Kyu-jin, staff reporter
Park Sae-jin

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