VARIOUS: South Korea and Tokyo financial markets are down after North Korea's state news agency says it successfully conducted a nuclear test

Record ID: 492624

  • Title: VARIOUS: South Korea and Tokyo financial markets are down after North Korea's state news agency says it successfully conducted a nuclear test
  • Date: 26th May 2009
  • Summary: SEOUL, SOUTH KOREA (MAY 25, 2009) (REUTERS) VARIOUS OF KOREA STOCK EXCHANGE IN SEOUL VARIOUS OF MAN CHECKING COMPUTER LOBBY OF KOREA STOCK EXCHANGE TOKYO, JAPAN (MAY 25, 2009) (REUTERS) EXTERIOR OF THE TOKYO STOCK EXCHANGE (TSE) BUILDING GLASS CYLINDER ROOM INSIDE THE STOCK EXCHANGING HOUSING THE TSE OFFICIALS MONITORING ELECTRONIC TRADE VARIOUS OF TSE OFFICIALS MONITORING TRADE VARIOUS OF ELECTRONIC BOARDS SHOWING STOCK TRADE PRICES STOCK AVERAGE AT 9337.03 UP 81.22
  • Embargoed: 10th June 2009 13:00
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  • Topics: International Relations,Finance
  • Reuters ID: LVAE2KH81JXGASJZOTOSNYG7Q32U
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  • Story Text: Financial markets in Seoul and Tokyo were pushed down on Monday (May 25) after news broke that North Korea had successfully conducted a nuclear test.
    South Korean President Lee Myung-bak called an emergency meeting of cabinet ministers over the test, domestic media reported.
    North Korea had recently been said it would again test a nuclear device -- its first was in October 2006 -- in reaction to tightened international sanctions after it fired a long-range rocket in April.
    News of the test hit South Korean financial markets, sending the main KOSPI share index down four percent in late morning trade, while South Korean currency won dropped more than 1 percent against the dollar.
    The news of the nuclear test also hit the Tokyo market, paring gains it had made earlier.
    The benchmark Nikkei trimmed gains to begin afternoon trade up 0.7 percent at 9,289.29, compared to up 1.1 percent before the announcement.
    The broader Topix was up 0.5 percent at 879.87, after a 0.9 percent rise in the morning.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2016. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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