Hong Kong stock exchange cancels morning trading session due to typhoon.
Storm warning signal No. 8, the third-highest on its scale, will remain in force before noon, according to the Hong Kong Observatory. Kompasu, which was about 370 kilometers (230 miles) south-southwest of the city at 7 a.m. local time, is forecast to move west at about 25 kilometers an hour toward China’s Hainan Island, it said on its website.
It is likely that securities trading, including the Hong Kong-China stock connect and derivatives market, will be affected for the whole of Wednesday. If the weather warning isn’t lowered before noon, the entire day’s trading will be abandoned.