Super Typhoon Saola Threatens Hong Kong: Stock Trading Halted and Precautions Urged
Hong Kong's stock market will close as Super Typhoon Saola approaches the city, with heavy rain and gales expected. Trading in stocks and futures will be suspended under the stock exchange's rules on extreme-weather events. This is the second time trading has been halted this year due to inclement weather. The Hang Seng Index has already experienced a significant drop in August due to concerns about China's economic slump. Hong Kong's schools and kindergartens will also be closed on Friday.