http://news.yahoo.com/s/ap/koreas_n...K.CscEA;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl SEOUL, South Korea - North Korea said Monday it has performed its first-ever nuclear weapons test and the blast had been successfully set off underground with no radioactive leakage from the site. ADVERTISEMENT An official at South Korea's seismic monitoring center confirmed a magnitude-3.6 tremor felt at the time North Korea said it conducted the test was not a natural occurrence. The official spoke to The Associated Press on condition his name not be used, because he was not authorized to talk about the sensitive information to the media. Japanese Prime Minister Shinzo Abe said that information still needs to collected and analyzed to determine whether North Korea truly conducted its first nuclear test. U.S. and South Korean officials could not immediately confirm the report. South Korea's Defense Ministry said the alert level of the military had been raised in response to the claimed nuclear test. The North said last week it would conduct a test, sparking regional concern and frantic diplomatic efforts aimed at dissuading Pyongyang from such a move. North Korea has long claimed to have nuclear weapons, but had never before performed a known test to prove its arsenal. The North's official Korean Central News Agency said the underground test was performed successfully. "It marks a historic event as it greatly encouraged and pleased the ... people that have wished to have powerful self-reliant defense capability," the KCNA statement said. "It will contribute to defending the peace and stability on the Korean Peninsula and in the area around it." South Korean intelligence officials said the seismic wave had been detected in North Hamkyung province, according to South Korea's Yonhap news agency. It said the test was conducted at 10:36 a.m. (9:36 p.m. EDT Sunday) in Hwaderi near Kilju city on the northeast coast, citing defense officials. North Korean scientists "successfully conducted an underground nuclear test under secure conditions," the KCNA report said, adding this was "a stirring time when all the people of the country are making a great leap forward in the building of a great prosperous powerful socialist nation." The U.S. Geological Survey said it had detected no seismic activity in North Korea, although it was not clear whether a blast would be strong enough for its sensors. On Sunday night, U.S. government officials said a wide range of agencies were looking into the report of the nuclear test, which officials were taking seriously. South Korean President Roh Moo-hyun has convened a meeting of security advisers over the issue, Yonhap reported, and intelligence over the test has been exchanged between concerned countries. Kyodo News agency reported that the Japanese government has set up a taskforce in response to reports of the test. The North has refused for a year to attend international talks aimed at persuading it to disarm. The country pulled out of the Nuclear Nonproliferation Treaty in 2003 after U.S. officials accused it of a secret nuclear program, allegedly violating an earlier nuclear pact between Washington and Pyongyang. Speculation over a possible North Korean test arose earlier this year after U.S. and Japanese reports cited suspicious activity at a suspected underground test site.
Buy1Sell2 Registered: Jan 2006 Posts: 3189 10-08-06 08:54 PM There are quite a few newbies on ET Yes there are... and I ain't one of 'em (been here many years). i'm just one of the most immature!
When I started this thread Thursday of last week I found this article interesting. The articles statement of, "rare direct message to North Korea" was a pretty good heads up that our government was seriously in belief that N Korea would go forward with a nuke test. Now that N Korea has tested a weapon, it put the S Korean "sunshine plan" government heads in a very weak political position. Also, the Chinese government is now in a bit of a bind (as they support N Korea directly with numerous forms of goods/resources/aid). This story will not end in one or two days.....this story may take an extended period of time to play out. We have to see what the positioning will be of the various countries involved. The markets may also have an extended reaction to this news in the days ahead.
Forget the political arguments, this is a TRADING forum. How do you think it will affect the US Stock market? I say the stock market will rise Monday, Sept. 9.
Yes I know....I am already in a trade because of the possibility of this political incident.......... ********************************************************************** 5Pillars Registered: May 2006 Posts: 1074 10-05-06 10:51 PM Come on Pabst.....help me get more than my + 15 point target this time............. http://www.charthub.com/images/2006/10/05/ES_317_VB_10.png http://www.charthub.com/images/2006/10/05/ES_317_VB_11.png This was the official, "let's see if N Korea is dumb enough to test a nuke" SHORT swing trade. Edit/Delete ⢠Quote ⢠Complain
Already hit two targets on Friday........... http://www.charthub.com/images/2006/10/06/ES_317_VB.png http://www.charthub.com/images/2006/10/06/ES_317_VB_2.png When the EU market opens tonight that will be our next test of the reaction to this news of a live cash market. *********************************************************************** 5Pillars Registered: May 2006 Posts: 1076 10-06-06 08:43 AM -------------------------------------------------------------------------------- Quote from 5Pillars: Come on Pabst.....help me get more than my + 15 point target this time............. http://www.charthub.com/images/2006...S_317_VB_10.png http://www.charthub.com/images/2006...S_317_VB_11.png This was the official, "let's see if N Korea is dumb enough to test a nuke" SHORT swing trade. -------------------------------------------------------------------------------- http://www.charthub.com/images/2006/10/06/ES_317_VB.png Second cover should be at + 10 points but I covered a portion just above the 1353.25 market profile level as the delta shifted to positive............... http://www.charthub.com/images/2006...ES_317_VB_2.png If we keep selling off then I will get those two points back with a cover later. No N. Korea nuke test yet Edit/Delete ⢠Quote ⢠Complain
Dax and CAC gapped down, but they are not exactly dumping their stocks. FTSE open almost level, and been buying up... Let's see how things goes in the US tonight.