Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report

What happened: South Korean stocks opened slightly higher after the Federal Reserve held interest rates steady, with investors awaiting Samsung Electronics third-quarter earnings. Key numbers: KOSPI rose 10.2 points, or 0.17 percent, to 6,022.64 at 9:15 a.m. after surging more than 6 percent the prior session. The FOMC voted 10-2 to keep rates at 3.75-4 percent. Why it matters: The Fed hold and expectations of strong Samsung earnings tied to memory chip demand supported the index, while declines in LG Energy Solution and Hyundai Motor left market heavyweights mixed. Coverage: 4 outlets in 24h

South Korean stocks opened slightly higher after the Federal Reserve held interest rates steady, with investors awaiting Samsung Electronics third-quarter earnings.

The Fed hold and expectations of strong Samsung earnings tied to memory chip demand supported the index, while declines in LG Energy Solution and Hyundai Motor left market heavyweights mixed.