SEOUL, Sept. 13 -- South Korean shares closed stronger Monday
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The benchmark Korea Composite Stock Price Index (KOSPI) jumped 16.28 points, or 0.9 percent
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The strong move came as China's August industrial production data marked greater-than-expected gains, while retail sales also assured investor sentiment.
Robust economic reports from China helped calm down investor fear triggered by the U.S. economic indices, local analysts said.
Foreigners contributed to the market rally by snapping up more shares than their purchase, while retailers and institutions stayed net sellers.
Steel and machinery shares, due to their links with China, led the gain by soaring more than 2 percent, while auto shares surged over 4 percent.
Insurance shares, on the other hand, lost 0.8 percent.
Among large market cap shares, Samsung Electronics and POSCO joined the rally by climbing around 1percent, but Samsung Insurance dropped 1.37 percent.
Hyundai Motors, Hyundai Mobis, and Kia Motors altogether joined the upward trend, jointly gaining more than 3 percent.
The junior bourse KOSDAQ also ended down, however, shedding 0. 99 point, or 0.20 percent, to close at 483.49.
The derivatives turned up, with the KOSPI 200 Futures market shooting up 2.41 points, or 1.03 percent, to 236.34, according to the bourse operator.
The local currency kept gaining strength against the U.S. dollar, gaining 4.90 won
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Bond prices closed lower with the yield on three-year Treasury notes adding 0.03 percentage point to 3.43 percent.
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