South Korean stocks started slightly higher on Tuesday, as investors grew optimistic that the U.S. Federal Reserve is likely to take steps to boost the economic recovery, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 1.02 points, or 0.06 percent, to stand at 1,791.19 in the first 15 minutes of
trading.
Wall Street closed higher in thin trading on Monday, ahead of the Fed's key rate-setting meeting, which investors say will likely announce
quantitative easing. The Dow Jones industrial average added 0.42 percent and the tech-laden Nasdaq composite advanced 0.75 percent.
The local currency was trading at 1,163.65 won to the greenback as of 9:15 a.m., down 3.55 won from Monday's close.