Typhoon looming: Storm clouds gather over the skyline of Hong Kong island as Tropical Storm Nangka passes, prompting the city to raise the “typhoon signal 8” warning, closing down offices and some public transport as a precaution. AFP
HONG KONG: Hong Kong scrapped trading of stocks and bonds yesterday after tropical storm Nangka prompted authorities to shutter businesses and close schools.
The move came after the Hong Kong Observatory kept its storm signal at No. 8, the third-highest on its scale, as of midday and said there was little chance of the signal being downgraded before 4pm. The warning means that winds of mean speeds of 63 kilometers per hour or more are expected.
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