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Hong Kong Closes Stock Market as Storm Nida Shuts City

  • Observatory lowers storm signal to No. 3 as typhoon moves away
  • City’s transportation system resumes services in afternoon
Updated on

Hong Kong’s stock exchange halted trading for the day as tropical storm Nida lashed the city with rain and wind, forcing schools shut and flights grounded.

The Hong Kong Observatory issued Strong Wind Signal No. 3 at 12:40 p.m. local time, as tropical storm Nida was forecast to move further into China’s Guangdong province, weakening gradually. Hong Kong Exchanges & Clearing Ltd. said in a statement that Tuesday sessions, including after-hours futures trading, had been canceled as Storm Signal No. 8, the city’s third-highest warning, was still in force at noon.