Hong Kong Issues Highest Typhoon Warning as Trading Scrapped
- Observatory raises No. 10 warning for first time since 2012
- HKEX to scrap day’s trading if signal remains in force at noon
Typhoon Hato Shuts Hong Kong Down
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Hong Kong upgraded the storm warning to the highest for the first time in five years and canceled its morning trading session as Severe Typhoon Hato drew closer to the financial center.
The Hong Kong Observatory issued No. 10 Hurricane Signal at 9:10 a.m. local time. It’s the first time since Typhoon Vicente in July 2012 that the city has issued the highest storm warning. Should the signal remain in effect by noon, trading on the world’s fourth-largest equity market will be scrapped for the day, according to Hong Kong Exchanges & Clearing Ltd. rules.