South Korean stocks opened slight higher Friday as the US Federal Open Market Committee meeting results were in line with market expectations, analysts said.

The benchmark Korea Composite Stock Price Index gained 0.88 point, or 0.04 percent, to 2,050.58 in the first 15 minutes of trading.

The FOMC on Wednesday maintained its target range for the federal funds rate unchanged at 0.25 percent to 0.5 percent.

Large-cap stocks were mixed across the board.

Market bellwether Samsung Electronics Co. shed 2.41 percent, while top automaker Hyundai Motor was up 1.09 percent and its smaller affiliate Kia Motors gained 0.23 percent.

The local currency was trading at 1,105.00 won against the US dollar, down 1.70 won from the previous session's close. (Yonhap)