News Formal

Hong Kong Shuts Stock Market, Schools as Super Typhoon Nears

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

(Bloomberg) -- Hong Kong is bracing for what may be the strongest storm to hit the city in at least five years as Super Typhoon Saola heads straight toward the financial hub.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EngineEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintPutin Moves to Seize Control of Wagner’s Mercenary EmpireUBS Flags Cost Cuts After $29 Billion

The local observatory issued the No. 8 storm signal, its third-highest warning, at 2:40 a.m. Friday and plans to keep it at that level for most of the day. That means Hong Kong’s $5 trillion stock market will be shut, schools won’t open and most public transportation will be grounded. Many flights will be canceled.

“This can be a very destructive typhoon,” the chief secretary said Thursday, flanked by heads of various government departments. “We hope to minimize the damage.” Hong Kong is typically affected by about six typhoons annually, usually from June to October, but only a fraction of those result in market or school closures. The last time was in July because of typhoon Talim.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong Shuts Stock Market, Schools as Super Typhoon NearsHong Kong is bracing for what may be the strongest storm to hit the city in at least five years as Super Typhoon Saola heads straight toward the financial hub.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Hong Kong Shuts Stock Market, Schools as Super Typhoon NearsHong Kong is bracing for what may be the strongest storm to hit the city in at least five years as Super Typhoon Saola heads straight toward the financial hub.
Source: BNNBloomberg - 🏆 83. / 50 Read more »