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By Malvika Gurung
Investing.com — Hong Kong’s stock exchange, Hong Kong Exchanges and Clearing has delayed morning trading in the exchange’s securities and derivatives market on Friday on an alert issued for the typhoon.
As a result, Hong Kong’s market index remained suspended in Friday’s intraday trade.
The government department for monitoring and forecasting weather, Hong Kong Observatory stated that the city’s weather will deteriorate gradually on Friday, with heavy squally showers and violent winds.
“The Gale or Storm Signal No. 8 will remain in force for most of today,” the observatory noted on Friday morning.
The government weather observatory issued a No. 8 or above warning signal on Typhoon Saola, which is the city’s third-highest warning level for bad weather conditions.
“If typhoon Signal No. 8 or above, or any announcement of extreme conditions, remains issued at 9:00 a.m. (Hong Kong Time), the morning trading sessions for all markets will be cancelled,” Hong Kong Exchanges and Clearing noted.
According to the forecast track, Saola will be closest to Hong Kong on Friday night and the following morning, skirting within around 50 km south of the weather Observatory.
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