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Seoul shares open higher ahead of Fed meeting
SEOUL, July 30 (Yonhap) -- South Korean stocks opened marginally higher Tuesday, as investors took to the sidelines ahead of the U.S. Federal Reserve's monetary meeting, analysts said.

   The benchmark Korea Composite Stock Price Index (KOSPI) added 3.67 points, or 0.19 percent, to 1,903.56 in the first 15 minutes of trading.

   Automakers gained, with Hyundai Motor soaring more than 2 percent and its smaller affiliate Kia Motors rising 1.8 percent.

   Market bellwether Samsung Electronics fell 0.16 percent.

   The Federal Open Market Committee starts its two-day regular session from Tuesday and is due to release its statement on Wednesday, local time.

   The local currency was trading at 1,112.65 won against the U.S. dollar as of 9:15 a.m., down 2.85 won from Monday's close.

   elly@yna.co.kr
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