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Hong Kong says stock market to stay open during typhoons from Sept 23

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HONG KONG : Hong Kong's stock market will stay open during typhoons and heavy rain effective Sept. 23, a change that will help maintain the global financial hub's competitiveness, city leader John Lee said on Tuesday.

FILE PHOTO: Passers-by are reflected on a panel displaying the morning trading of top active securities at the Hong Kong Stocks Exchange in Hong Kong, China, August 26, 2015. REUTERS/Bobby Yip/File PhotoHONG KONG : Hong Kong's stock market will stay open during typhoons and heavy rain effective Sept. 23, a change that will help maintain the global financial hub's competitiveness, city leader John Lee said on Tuesday.

Dickie Wong, executive director of research at Kingston Securities, said there was already market consensus on the rollout of the new measure to allow trading under extreme weather. "The market is now more concerned about whether the Stock Connect program can be expanded to include more companies, such as Alibaba. These measures are more important for Hong Kong stock market," Wong added.

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