Monday, May 25, 2009

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.
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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.
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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.
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