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Korean stocks opened lower Wednesday as investors digested mixed earnings reports, awaiting the rate decision from U.S. Federal Reserve's policy meeting.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 1.01 point, or 0.05 percent, to 2,018.62 in the first 15 minutes of trading.
Federal Reserve officials started a two-day policy meeting in Washington, D.C., and are set to announce the rate decision late Wednesday (local time).
Top market cap Samsung Electronics edged down 0.46 percent, and leading automaker Hyundai Motor declined 1.63 percent following a lackluster first-quarter revenue.
LG Household & Health Care, the nation's No. 2 cosmetic maker, gained 1.49 percent after posting stronger-than-expected earnings in the January-March period thanks to brisk sales in China.
The local currency was trading at 1,147.7 won against the U.S. dollar, up 3.3 won from Tuesday's close. (Yonhap)
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