Hong Kong Plans to Start Trading During Typhoons in September
- Framework is expected this month, with three-month preparation
- City among the few major stock markets to halt for bad weather
Typically about six to eight typhoons hit Hong Kong every year.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Hong Kong plans to stop shutting the stock market during severe weather as soon as September to allow trading in such conditions like in other advanced economies, according to people familiar of the matter.
Hong Kong Exchanges & Clearing Ltd. is expected to announce the framework in the next few weeks, the people said, who asked not to be identified discussing private information. The plan is still being finalized and subject to last minute changes, the people said.