The finance hub issued a T8 threat warning -- the city's third-highest -- around 2:40 am, and the city's bourse said the" morning trading sessions for all markets will be cancelled".
Streets were deserted Friday morning as a light drizzle blanketed Hong Kong island, with wind and rain expected to pick up later. Its subsidiary, budget airline HK Express, announced it was cancelling 70 Friday and Saturday flights in and out of Hong Kong. Saola displaced thousands earlier this week as it passed the northern Philippines, but no direct casualties have been reported so far.
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