By Joanne Chiu
Trading in Hong Kong’s securities and derivatives markets remained closed in the afternoon session Tuesday after Typhoon Nida brought strong winds and heavy rain that left banks shut and flights disrupted.
The financial hub’s markets had been closed for the morning session after the Hong Kong Observatory raised the No. 8 gale-force-wind signal Monday night. According to exchange rules, trading is suspended for the full day if a No. 8 signal or above is in effect at 12 noon.
The observatory said on its website Tuesday that it planned to replace the No. 8 signal with the lower No. 3 strong-wind signal before 1 p.m. local time (0500 GMT), as Typhoon Nida moved away from the city. “Although local winds are moderating, winds still reach gale force over offshore areas, high ground and the western part of Hong Kong,” the observatory said.
Write to Joanne Chiu at joanne.chiu[a]wsj.com
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