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South Korea stocks fall as economy slows

BBC News - Mar 24, 2016
South Korean stocks are falling after fresh data showed Asia's fourth-largest economy is continuing to slow down.

Gross domestic product (GDP) rose a seasonally adjusted 0.7% during the final three months of 2015, which is slightly faster than an earlier central bank estimate for a 0.6% increase.

However, the figure still reflects a marked slowdown from the 1.2% growth during the previous quarter.

The benchmark Kospi Index fell 0.5% during the first hour of trade.

The Bank of Korea has kept interest rates on hold again this month, despite concerns about slowing growth and unemployment.

Most major Asian markets, with the exception of Korea, Japan and China, are closed today for the Easter holiday.
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