North Korea to try nuclear test Asia-Pacific stock market false alarm

Source: Internet
Author: User
Keywords Nuclear tests UN Security Council
Zhu Zhouliang North Korea 25th a paper "Nuclear test" statement, let originally because the United States and Britain market holiday and slightly insipid Asia-Pacific stock Market "Shangcuanxiatiao".  Because North Korea accidentally announced another "successful underground nuclear test", South Korea's stock market plunged more than 6% per cent in early trading, the won also plunged more than 1% per cent, and dragged down fast in other Asian markets, such as Japan and Australia, and even the ailing dollar stopped the 5th plunge, driven by safe-haven buying.  However, as investors quickly digest the news, the Asian-Pacific market gradually calmed down, the South Korean stock market fell only slightly 0.2%, most of the region in the Chinese stock market has been driven by a steady performance, the Japanese stock market rose 1.3%. DPRK announced a High-profile two nuclear test of the Korean Central News Agency 25th issued a press release said that the same day, the DPRK again "successfully carried out underground nuclear tests."  The communique said that the nuclear test was "at the request of the scientific and technological personnel", but also "to do everything possible to strengthen the nuclear deterrence of self-defence measures."  The communique said the nuclear test has made new improvements in explosive and manipulation techniques, further strengthening the power of nuclear weapons and solving the technological problems that continue to develop nuclear technology.  The communique said the DPRK's nuclear test "will be to defend national and national autonomy, to ensure peace and stability on the Korean peninsula and surrounding areas to contribute." Before the DPRK official disclosure, South Korea's presidential palace earlier said that North Korea may have conducted a nuclear test.  The U.S. Geological Survey said it detected a 4.7-magnitude seismic wave from North Korea. Japan, South Korea strained the United States to see the DPRK again nuclear test, immediately in the international community caused great repercussions.  Among them, South Korea and Japan reacted strongly, while the White House expressed concern about the situation.  A spokesman for the South Korean presidential palace said 25th that the DPRK's nuclear test, violating the U.N. Security Council resolution, is a serious threat to the Korean Peninsula, Northeast Asia and even the world peace. Japan condemned it and said it would ask the U.N. Security Council to discuss a new resolution on sanctions against Pyongyang. Japanese cabinet chief Kawamura the day in Congress told media reporters that North Korea's nuclear test acts as a matter of fact, it is a clear violation of the relevant United Nations Security Council resolutions, is absolutely intolerable.  Japan will take drastic measures to deal with it, including asking the U.N. Security Council to discuss the matter. According to Japanese media reports, Japanese Prime Minister Taro Aso has given instructions to the Government in the United Nations Security Council to seriously deal with the DPRK nuclear test.  Japanese government officials also said that North Korea clearly violated the Security Council resolution and had to consider the adoption of a new sanctions resolution on the DPRK.  Yonhap reported that the foreign ministers of South Korea and Japan, who were attending the meeting in Hanoi, said the two countries would respond at the U.N. Security Council level in response to North Korea's announcement of a successful nuclear test. In contrast, the US and Europe reacted more modestly. The European Union's Foreign Relations Commissioner Waldner 25th that the DPRK's new underground nuclear test was "very worrisome". U.S. State Department spokesman Andy Lennes local time 24th night to the media that the U.S. government has noted that the DPRKReports of "Successful underground nuclear tests" were announced and consultations with allies have been held on the matter, but it is not yet possible to confirm whether the reports are true.  Novosti reported that Russian Foreign Minister Sergei Lavrov revealed that the U.N. Security Council is scheduled to convene a special meeting 4 o'clock in the afternoon 25th in New York time to discuss the DPRK nuclear test. Asia-Pacific stock Market First and then Yang's financial markets also reacted to the news of North Korea's renewed nuclear test.  South Korea's stock market, currency markets for a while, the fall was once more than 6%, but as the panic eased, regional stock market gradually stabilized, some markets sharply higher. South Korea's benchmark Seoul composite index plunged 87 points in early trading, at a minimum of 1316 points, or as high as 6.2%. However, the stock index gradually regained its decline, until 25th closed, the Seoul composite index fell 0.2% to 1400.9 points.  South Korea's stock market fell 17.9 points in Friday, down 1403.75 points, or 1.26%. Most other Asian markets have stabilised. Among them, Japan's stock market closed 1.3%, steel stocks strong rise, so that the market quickly shake off the temporary weakness of the plate.  The stock market in Singapore Rose 0.8%, while the Australian stock market fell slightly by 0.6%.  China's Hong Kong stock market was rocked yesterday, and eventually the index was reported to be on the small Yang line;  Chen Zhiyong, director of the Hong Kong Securities and Investment Division, told the Shanghai Securities News yesterday that the impact of the event appeared to have been digested in the light of the current optimism in the Asian market. An economist at JPMorgan's Seoul in South Korea said it was difficult to judge the situation.  In the past, after a similar incident, the market usually "fell fast but rebounded quickly". Some analysts also pointed out that, given that the U.S. and European stock market is still the global market vane, so to a large extent, the US-European stock market will react to the DPRK nuclear incident, will determine the next global stock market trend. The US and UK stock markets were closed for sabbatical in Monday, but markets such as Paris and Frankfurt in Europe were traded as usual.  In early trading yesterday, the Paris and Frankfurt markets fell 1.8% and 0.8% respectively. Analysts noted that in the foreign exchange market, news of the DPRK's nuclear drive prompted investors to turn to safety, prompting a five-day decline in the U.S. dollar against major currencies, the dollar rose by more than 1% yesterday. The dollar index rose slightly 0.3% in the early morning trading in Europe, near 80.30 and back to 80.
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