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Moon Jae-In has taken over in South Korea at a time of heightened tension with the North. But as Steve Evans in Seoul explains, he's likely to be less hostile that some previous South Korean presidents. Photo: The new president of South Korea, Moon Jae-In, makes a telephone call Credit: AFP/Getty
A handful of Asian markets are all in the plus column, tracking US market gains after another record close on Wall Street, where investors were focused on strong quarterly earnings from corporate America.
Japan's Nikkei 225 index was up 0.18% at midday, as a drop in the yen boosted buying in exporters' shares.
Australia's resource-heavy S&P ASX 200 saw a gain of 0.43% driven by the overnight uptick in oil prices.
In Hong Kong the Hang Seng index rose 0.8%, meanwhile China's Shanghai composite saw a 0.26% gain.
But the South Korean market was the exception in the region. The Kospi index was down 0.7% on profit-taking after liberal politician Moon Jae-in won the presidential election. He was sworn in earlier in the day.