Hong Kong issues first Red Storm signal of the year as roads get flooded

HONG KONG (Bloomberg): Hong Kong issued its first red rainstorm warning of the year on Saturday (May 4) as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

The Hong Kong Observatory raised the red signal around 9 a.m. local time, which signified downpours of more than 50 millimeters had fallen and more rain was expected across the city. Red is the second-highest storm risk level. The agency also issued landslip and thunderstorm warnings, and advised the public to "stay on high alert.”