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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters North Korea conducts nuclear test, faces more isolation Mon May 25, 2009 2:33am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Jonathan Thatcher SEOUL (Reuters) - North Korea said it successfully conducted a nuclear test on Monday, a move certain to further isolate the prickly state, which argues it has no choice but to build an atomic arsenal to protect itself in a hostile world. The test, the North's second, follows years of on-off negotiations with regional powers, which have been pressing the impoverished state to give up its nuclear ambitions in return for massive aid and an end to the country's pariah status. Ratcheting up tensions further, North Korea fired a short-range missile just hours later, the Yonhap news agency reported, citing a diplomatic source. The missile was fired from North Korea's east coast missile site at Musudan-ri. The U.N. Security Council would hold an emergency meeting later on Monday in the wake of the nuclear test, Russia's ambassador to the United Nations said. "(North Korea) successfully conducted one more underground nuclear test on May 25 as part of the measures to bolster up its nuclear deterrent for self-defense in every way," the North's official KCNA news agency said. It added that the underground test "was safely conducted on a new higher level in terms of its explosive power and technology of its control." The U.S. Geological Survey said it had detected a 4.7-magnitude quake in an area close to where the test site is thought to be. However, as with the first nuclear test by the communist state in October 2006, it could take some time before the outside world is able to gauge how successful it was. The first one was seen as only a partial success. The news knocked South Korean financial markets, with the main share index dropping 4 percent at one stage and the won falling more than 1 percent against the dollar on fears the test would raise tension in a region which accounts for one-sixth of the global economy. South Korean financial markets later recovered much of their earlier losses as investors bet that any direct impact on markets would be short-lived unless there was actual military conflict. Market reaction elsewhere was limited, with safe-haven gold prices falling slightly on the day and Japan's Nikkei average clinging to gains. "The reported test appears to be aimed at securing ultimate endorsement of its nuclear power status from the United States and bringing Washington to the negotiation table," said Kim Sung-han, a professor at Korea University. "It could increase investor concerns about South Korea as the test may further worsen already soured inter-Korea relations," he added. However, several analysts said they expected the impact on financial markets to be short-lived. JAPAN ANGERED BY TEST Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Spanish stocks - Factors to watch on Monday Afghanistan and Pakistan Fighting the Taliban A growing insurgency in Afghanistan is also spreading deep into Pakistan, making both countries crucial to U.S. war efforts in the region. Full Coverage More International News Iran says foreign troops no help to region's security Myanmar says Thai meddling over Suu Kyi trial | Video Darfur fighters take Sudan army base: peacekeepers Japan panel wants "first strikes" against enemies: report Suicide car bomber kills 7 in Somalia, residents flee | Video More International News... Related News INSTANT VIEW: North Korea says conducted nuclear test 24 May 2009 TEXT: North Korea says has conducted nuclear test 24 May 2009 FACTBOX: Reaction to North Korea's nuclear test 2:33am EDT TEXT: Obama statement on North Korea nuclear test 2:33am EDT FACTBOX: Sanctions and punishment options for North Korea 12:30am EDT TIMELINE:North Korea: climbdowns and tests 12:25am EDT Japan eyes decisive action after N.Korea nuke test 2:33am EDT North Korea pushes U.S., risks economic hit for test 24 May 2009 China seen unlikely to back sanctions over N.Korea test 1:15am EDT Security Council to discuss N.Korea test: report 2:19am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video North Korea conducts nuclear test, faces more isolation Internet star Susan Boyle stuns again with "Memory" SNAP ANALYSIS-N.Korea pushes US, risks economic hit for test India vote rounds off improving BRICs outlook Q+A-What's the real threat of N.Korea's nuclear programme? Dollar slide could be investment "game changer" INSTANT VIEW: North Korea says conducted nuclear test PetroChina buys Keppel stake in SPC for $1 billion Japan says N.Korea nuclear test "unacceptable" Powell urges Republicans to broaden their appeal Most Popular Articles RSS Feed Video Stampede tragedy at Morocco concert Shuttle Atlantis lands after delay Car bomber strikes in Somali capital Indian ''witch'' describes ordeal Philippines tourist boat capsizes India's human remains horror More ''Free Suu Kyi'' rallies Brazil plane crash S.Korea's Roh 'jumps to his death' Freed journalist arrives in U.S. Most Popular Videos RSS Feed The Great Debate The wrong side of history Bernd Debusmann President Obama and his Secretary of State, Hillary Clinton, lean towards pragmatism over ideology and principle, closer in foreign policy outlook to Richard Nixon and Henry Kissinger than to George W. Bush and Condoleezza Rice. Commentary Follow Bernd Debusmann on Twitter We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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