North Korea Tests Nuclear Weapon

North Korea conducts nuclear test BBC — North Korea says it has staged a "successful" underground nuclear test, prompting international condemnation. The state says it was more powerful than the previous one in October 2006. click to read complete article

Asian Stocks Decline After North Korea Conducts Nuclear Test Bloomberg — Most Asian stocks rose as gains in metal prices boosted mining companies and health-care stocks rallied. South Korean shares fell after North Korea conducted a nuclear test. BHP Billiton Ltd., the world’s biggest mining company, added 1.2 percent in Sydney after a measure of metals traded in London climbed the most in two weeks on May 22. Shionogi & Co. jumped 5.7 percent, pacing advances by health-care stocks, after the Nikkei newspaper reported the company aims to sell a new drug for influenza as early as 2010. LG Electronics Inc., the world’s third-largest maker of mobile phones, sank as much as 6.3 percent in Seoul after what North Korea described as a “successful” underground nuclear test today. click to read complete article

Yen, Dollar Strengthen on Report North Korea Held Nuclear Test Bloomberg — The yen and the dollar rose against the euro after Yonhap News reported that North Korea held a nuclear test today, spurring demand for the relative safety of the Japanese and U.S. currencies. The yen advanced to 132.09 per euro as of 11:51 a.m. in Tokyo from 132.67 in New York last week. The dollar climbed to $1.3979 versus the euro from $1.3998. The yen traded at 94.50 per dollar, from 94.78. click to read complete article