[Special Stock] Kosmax Rises on Signs of Chinese Economic Recovery

As the Chinese economy shows signs of recovery, Cosmax, a stock related to China's reopening, is on the rise.

As of 9:45 AM on the 19th, Cosmax was trading at 85,100 KRW, up 5.06% compared to the previous trading day.

According to the National Bureau of Statistics of China, China's first-quarter Gross Domestic Product (GDP) increased by 4.5% year-on-year to 28.4997 trillion yuan (approximately 5460 trillion KRW). This is the first time in a year that China's quarterly growth rate has exceeded 4%, since 4.8% in the first quarter of last year. First-quarter retail sales reached 11.4922 trillion yuan (approximately 2201 trillion KRW), up 5.8% compared to the same period last year. Notably, retail sales in the past month recorded a double-digit increase of 10.6%.

This content was produced with the assistance of AI translation services.