Typhoon Haima swept through Hong Kong on Friday, shutting down the financial markets after the national observatory left in place a No. 8 typhoon signal for most of the day, prompting many people to stay at home.
2020 Global Market Outlook: How the “Known Unknowns” Can Affect CurrenciesGo to article >>
Hong Kong Exchanges and Clearing Limited halted the morning trading in its securities market, including Shanghai-Hong Kong Stock Connect trading, and the derivatives market was delayed. Around midday, if the warning remains in place, the whole day’s trading will be cancelled. Schools and government offices in Hong Kong were also closed.
More than 689 flights were cancelled or delayed as of 6.30am, the Airport Authority said, while the airport is expected to be packed on Friday night and Saturday, when flights are expected to return to normal.
“We advise all passengers to check their flight status with the flight companies before coming to the airport,” airport chairman Jack So Chak-Kwong said.