Seoul tumbles after North Korea confirms nuke test

MarketWatch (Dow Jones) ^ | 8OCT06 | Chris Oliver

[familyop]

HONG KONG (MarketWatch) -- South Korean stocks dropped sharply Monday after North Korea announced it had conducted an underground nuclear weapons test, raising concerns that investment money may flow out of its neighbor to the south over risk concerns.

[familyop]

The news excerpted above (and behind the link) shows us one reason for the skittishness of governments (including our own) to engage in military solutions. Will economic situations be ultimately worse with or without more regime changes soon?

[thegreatbeast]

The silver lining: it might torpedo the aspirations of the South Korean candidate (Ban/Bin?) to Kofi's post the UN.

[Darkwolf377]

Isn't the correct title "Seoul STOCKS Tumble"?

[Joe Boucher]

This would never have happened without the help of the South Korean govt.
For the last several years the South has fed the North Korean army.
Let's make nice with the North and try to seek reunification? Yeah right, idiots.
NOw you can live under Nuclear threat.
With a serious nutjob with his thumb on the button.

[familyop]

"Isn't the correct title 'Seoul STOCKS Tumble'?"

...only in the title bars of our browsers. Have a look at the title in bold font on the MarketWatch page (same in the newsfeed). The title is a dishonest attention-getter.

[Proud_USA_Republican]

Maybe that will wakeup all those commie appeasing america bashers in SK who think its the USA's fault that the NK and SK will just start loving each other and make peace.

[peyton randolph]

This can only mean one thing. Our "friends" in South Korea will send more aid to North Korea hoping to buy peace.

[Past Your Eyes]

Good day to buy.

[sure_fine]

"Soul STOCKS Tumble"



they have, with more people allowing gay issues to take front page news over real issues

[familyop]

So you won't stampede with the rest? That's old fashioned. ;-)

But it's smart in most cases, for sure.

[bpjam]

South Korea is basically the biggest reason we can't go anything remotely aggressive or intimidating on N.K. The South has gotten all squishy after a generation of the US keeping them safe and warm at night and now, just like Europe, they have grown to resent the protect we have provided them. If it wasn't for the threat that N.K. would nuke Seoul as its first act in response to an offensive by us, we would have been able to send a buttload of JDAMS over to one of the glorious leaders regular parades and get rid of his entire leadership in about 10 seconds.

[MarkL]

This would never have happened without the help of the South Korean govt. For the last several years the South has fed the North Korean army. Let's make nice with the North and try to seek reunification? Yeah right, idiots. NOw you can live under Nuclear threat. With a serious nutjob with his thumb on the button.

The problem is that South Korea has been blackmailed for years, as Seoul is within artillery range of one of the largest militaries in the world. Of course, by giving in, they've now given the troll a far greater weapon for blackmailing more distant countries, like Japan.

But don't forget to lay a lot of the blame where it belongs. When Bubba sent Jimmy Carter and Maddie Halfwit to negotiate, and they got the troll to promise he'd be good, it gave him 8 years of unfettered research time, while getting the things they wanted.

I know that we'll be seeing "it's Bush's fault" shortly...

Mark

[Joe Boucher]

Clinton gave them nuke reactor info and assistance also without which this would not have happened.

Also Clinton gave the info to china to greatly reduce the size of their nukes allowing the Chi-coms to put many nukes on one missle.

Clinton is the devil and his enabler wife is worse.

[OldFriend]

Well isn't that brave. When America got hit on 9/11 my children and I bought stocks as soon as the market re-opened.

Our way of saying we believe in America!

[MeneMeneTekelUpharsin]

Our market should be up sharply today. Good news = Drop in Dow while Bad News = Dow Sharply Up -- that's the way it works.

[OldFriend]

Already heard that Madam Halfbright is out there blaming Bush.

How I utterly HATE the dems.

[aruanan]

Seoul tumbles after North Korea confirms nuke test

Okay, so we combine these two things: 1. North Korea sets off 5-15 kiloton blast. 2. North Korea tests missile that failed somewhere down range.

And get this: Ooops, looks like North Korea was trying to hit South Korea/Japan/U.S. in Iraq/whatever when its launch went awry and took out Pyongyang/Tehran/Beijing/Syria/whatever with a 7.5 kiloton explosion. We send our condolences to the rest of the North Korean people over the loss of their Supreme Leader. May his Dong rest in pieces.

[boomop1]

South Korea has not took serious this crisis, now it is happened and the panic mode will be in full speed

[bboop]

A nice wake-up call for Asia.

[Polybius]

South Korea is basically the biggest reason we can't go anything remotely aggressive or intimidating on N.K. The South has gotten all squishy after a generation of the US keeping them safe and warm at night and now, just like Europe, they have grown to resent the protect we have provided them. If it wasn't for the threat that N.K. would nuke Seoul as its first act in response to an offensive by us, we would have been able to send a buttload of JDAMS over to one of the glorious leaders regular parades and get rid of his entire leadership in about 10 seconds.

On the other hand, the U.S. cannot simply wait until N.K. develops the delivery systems to put Hawaii and the U.S. West Coast at the same risk that Seoul is in right now.

Better Seoul now than Seoul and the entire U.S. West Coast in the future.

It is time to get the U.S. ground troop "trip wires" out of South Korea and deal decisively with North Korea.