Seoul shares rebound ahead of FOMC minutes release

South Korean stocks rebounded late Wednesday morning as investors sat on the sidelines ahead of the release of the Federal Open Market Committee's minutes this week. After opening slightly lower, the benchmark Korea Composite Stock Price Index had added 1.81 points, or 0.07 percent, to 2,725.99 as of 11:20 a.m. Tech giant Samsung Electronics edged down 0.26 percent, and No. 2 chipmaker SK hynix gained 1.61 percent. Top battery maker LG Energy Solution added 0.69 percent, and Samsung SDI climbed 0.85 percent. Foodstuff makers traded higher as well, with CJ Cheiljedang rising 4.72 percent and Samyang Foods increasing 2.31 percent. Financial firms traded lower, with KB Financial falling 1.96 percent and Shinhan Financial losing 1.74 percent. The local currency was trading at 1,361.2 won against the U.S. dollar at 11:20 a.m., up 2.1 won from the previous session's close. Source: Yonhap News Agency