Energy & Science
Hong Kong Markets Shut Tuesday on Tropical Storm Nangka
- Stock, bond trading scrapped as No. 8 signal was in force
- Trading in the city was last affected by weather in August
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Hong Kong scrapped trading of stocks and bonds Tuesday after tropical storm Nangka prompted authorities to shutter businesses and close schools.
The move came after the Hong Kong Observatory kept its storm signal at No. 8, the third-highest on its scale, until 7:40 p.m. The warning meant that winds of mean speeds of 63 kilometers (39 miles) per hour or more were expected. The No. 3 signal, meaning wind speeds of 41 to 62 kilometers, replaced the No. 8 and “is expected to remain in force for some time,” the Observatory said.