Stock market shuts as Hong Kong braces for typhoon
Hong Kong was bracing for the impact of Typhoon Haima on Friday, as one of the strongest storms to hit the city this year shut down the stock market and disrupted flights.
Many flights at Hong Kong’s international airport were canceled or delayed, while Cathay Pacific Airways Ltd. 0293, -0.19% , the city’s main carrier, said it expects major flight disruptions due to the impending storm from 11 a.m. local time through the evening.
Schools, banks, and other government services, including the courts and the immigration department, were closed for the day after the Hong Kong Observatory issued a level 8 storm warning, the third-highest warning in the city’s system, early Friday.
On Thursday, the typhoon swept through the northern Philippines into the South China Sea, leaving at least eight people dead and trail of destruction that Philippine officials said could take days to fully assess.
Source: MarketWatch
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