North Korea nuclear test South Korean stock market big dive

The ratings agency said the nuclear test would not immediately affect the country's sovereign credit rating. Yesterday, North Korea announced a successful underground nuclear test, its power once deterred the entire Asia-Pacific stock market, the South Korean stock market early in the morning is a big fluctuation. Meanwhile, the dollar's decline in recent days has temporarily rebounded.　　The agency said the North Korean nuclear test would not immediately affect the country's sovereign credit rating, but would be considered as a risk factor for national security. South Korea and the United States denounced the announcement yesterday after North Korea announced its successful second underground nuclear test. South Korea's stock market reacted swiftly as the North Korean nuclear test exacerbated South Korea's geopolitical risks, plunging more than 6% per cent to 1316 points in the morning.　　But with strong foreign buying support, the South Korean stock market gradually rebounded steadily, the South Korean Kospi index fell slightly 0.2%, reported 1400.9 points. Other markets in the region are mixed. Hong Kong's Hang Seng index reversed its early sell-off, closing up 0.4% per cent and 17121.82 points. Australia's stock market has hit a 5-day low, with the benchmark S&P/ASX200 index closing down 0.6%. The Nikkei 225 index closed at 9,347 points, rising 1.3%.　　Russian stocks fell slightly after opening yesterday. In currency markets, when news of North Korea's nuclear test was announced, the market's demand for the yen and the dollar's two relatively safe currencies increased, and the recent weak dollar temporarily stopped its decline, with the dollar rising more than 1% per cent against the won yesterday, and the dollar rapidly rising against the yen.　　Just last week, the dollar fell to its lowest level against the euro since January this year. Analysts at South Korea's Hana Daetoo Securities Company say the North's nuclear test underlines South Korea's geopolitical risks. Since the South Korean stock market has risen more than 40% since the beginning of March this year, the market is widely expected to have a wave of profit-taking in the near future. It was in this context that North Korea's announcement of another nuclear test triggered a market panic.　　Another analyst said the dollar had only briefly rebounded against major currencies and that the recent weakening of the dollar might continue for some time. The South Korean Financial Services Commission said yesterday it would do its best to eliminate the uncertainties caused by the North Korean nuclear test, and the central bank will hold a meeting today to discuss measures to maintain market stability. S & P said yesterday that North Korea's nuclear test would not immediately affect the country's sovereign credit rating. But Fitch Ratings agency said the DPRK's nuclear test will be considered as a risk factor for national security in its credit rating for South Korea.