South Korean stocks opened higher Wednesday as investors took a wait-and-see approach ahead of the economic policy meeting of China, South Korea's No. 1 trading partner, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) edged up 2.64 points, or 0.13 percent, to 2,016.57 in the first 15 minutes of trading.
Blue-chip shares mostly traded higher, with No. 1 carmaker Hyundai Motor rising 0.61 percent and top steelmaker POSCO advancing 1.1 percent. Leading chipmaker SK hynix added 0.46 percent.
Beijing's policy-setting meeting is slated for Nov. 9-12, during which the world's No. 2 economy is expected to roll out reform measures to control inflation.
The local currency was trading at 1,062.15 won against the U.S. dollar as of 9:15 a.m., down 0.95 won from Tuesday's close. (Yonhap News)
