The Korean won ticks up after President Moon Jae-in is sworn in

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May 10, 2017 1:55 PM

The South Korean won finished up on Wednesday.

The Korean won ticked up on Wednesday after Moon Jae-in was sworn in as president.

The won closed up by 0.3% at 1135.88 per US dollar.

Moon's victory could lead to a shift in the Pacific Rim's dynamics. The new president previously stated he supports dialogue with North Korea, as opposed to his predecessor's cooperation with the US in enforcing sanctions on the Hermit Kingdom.

He "faces immediate foreign policy challenges in de-escalating tensions with the North," analysts at BMI Research said in a note. "Moon's conciliatory stance towards Pyongyang will reduce regional tensions, but could lead to greater disagreements with Washington, depending on how President Trump himself decides to handle North Korea."

There's also the possibility that a Moon presidency could lead to improved relations with China,

As for the rest of the world, here's the scoreboard as of 8:04 a.m. ET: