HONG KONG (Bloomberg): Hong Kong hunkered down on Friday as officials and residents prepared for the impact of Super Typhoon Saola, which is forecast to hit the city toward the end of the day.
The government issued the No. 8 storm signal - the third-highest - at 2:40 a.m. and warned it may raise higher signals. The stock market will be closed on Friday, schools won’t open and most public transportation will be grounded. Many flights will be canceled.
