HONG KONG: The Hong Kong stock exchange has delayed the start of trading on both the securities and deriviatives markets on Wednesday morning due to Typhoon Hato.
Trading in the securities market, including Stock Connect trading, and derivatives market has been delayed due to the issuance of typhoon signal No 8, the city’s third-highest weather warning, the exchange said in a statement.
The morning trading session is suspended if the typhoon signal remains at 8 or higher at 9 a.m. Hong Kong time (0100 GMT). The stock market will be shut for the rest of the day if a typhoon signal 8 is still in place by noon. (www.hkex.com.hk)
Hundreds of flights and other transport services were cancelled, and schools and most businesses in the financial hub were expected to be closed for the better part of the day as the city battened down for Hato. -- Reuters