The Hong Kong Stock Exchange was forced to cancel all trading due to the arrival of a super typhoon in the region. Initially, Saola was classified as a typhoon, but the elements were underestimated: wind gusts of up to 63 m/s are expected: Hundreds of flights are canceled in Hong Kong, schools are closed, and people are asked to stay away from the coast.
The Hong Kong Stock Exchange has canceled all trading. The cause was the arrival of a super typhoon in the region, as reported in the press service of the stock exchange. Initially, the decision to suspend trading referred only to the morning session.
The expected effects of Super Typhoon Saola in terms of water level rise and wind speed could peak since 2018, when Typhoon Mangkhut hit the region. It was the strongest typhoon to hit Hong Kong since Ellen in 1983.
According to the local observatory, gusts of up to 63 m/s are expected in Hong Kong. Residents are being asked to stay away from the coast, authorities have closed schools and airports have canceled hundreds of flights.
Author:
Kirill Bilyk
Source: RB
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