Trading in Hong Kong’s stock market is likely to be scrapped Monday morning as the city’s observatory said its typhoon warning signal 8 will remain in effect before noon.
(Bloomberg) — Trading in Hong Kong’s stock market is likely to be scrapped Monday morning as the city’s observatory said its typhoon warning signal 8 will remain in effect before noon.
Under the Hong Kong Exchanges & Clearings Ltd.’s trading arrangements for severe weather, it will cancel morning session for all markets if signal 8 — the third highest on a scale of five — is still in force at 9 a.m. local time.
The Hong Kong Observatory issued signal 8 warning at 12:40 a.m. Hong Kong time, and said it will remain in force before noon, it said in a statement. Typhoon Talim was centered about 270 km (168 miles) south-southwest of Hong Kong at 5 a.m. and is forecast to move west-northwest at about 18 km/h in the general direction of Leizhou Peninsula and Hainan Island, according to the Observatory.
The city’s rail operator MTR Corp. said rail service is operating at limited frequencies.
Read more: Hong Kong to Study Allowing Stock Trading During Severe Weather
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.