Seoul shares open higher on Fed expectations

South Korean stocks opened higher Tuesday, as investors await with hope for the U.S. Federal Reserve to bring about another solution for an economic boost, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 7.83 points, or 0.41 percent, to trade at 1,925.70 in the first 15 minutes of trading.

Upward moves in telecom and financial shares drove the index, with top mobile carrier SK Telecom rising nearly 2 percent.

Top-cap Samsung Electronics, which saw a nosedive in the previous session due to the lawsuit loss to Apple Inc., rebounded 1.53 percent.

The local currency was trading at 1,136.25 won against the U.S. dollar as of 9:15 a.m., down 0.85 won from Monday's close. (Yonhap News)