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North Korea claims successful hydrogen bomb test - JPY surges, safe-haven demand

Hydrogen bomb

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North Korea said on state television on Sunday afternoon that it successfully carried out a test of a hydrogen bomb intended to be carried by an intercontinental ballistic missile.

A hydrogen bomb is much more powerful than the simpler types of atomic weapons tested by North Korea five times previously, or the bombs dropped on Japan during World War II. H-bombs are also harder to develop.

On Sunday, President Donald Trump condemned North Korea's latest weapons test, saying the nation's actions were very "hostile and dangerous" to the United States, and an embarrassment to China.

The test followed North Korea saying on Sunday that it had developed a more advanced thermonuclear weapon of "great destructive power," which it would load onto an intercontinental ballistic missile, Reuters reported.

The defense committee chairman in South Korea's parliament, Kim Young-woo cited a report from military authorities and said the yield was provisionally estimated at up to 100 kilotons, which would be around four or five times the size of the bomb dropped on Nagasaki in 1945, the South's official news agency Yonhap reported.

Source: Bloomberg Pro Terminal

Trader Bozhidar Arabadzhiev


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