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Update | Storm signal lowered No 3 as Typhoon Utor moves away from Hong Kong

The Hong Kong Observatory lowered the storm signal from No 8 to No 3 on Wednesday afternoon as Typhoon Utor moved gradually away from the city. But the storm caused scores of flights to be cancelled and the closing of schools, offices, and the stock exchange.

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Typhoon Utor passes Hong Kong, whipping up strong winds. Photo: Sam Tsang

Scores of flights were cancelled on Wednesday after Typhoon Utor skirted Hong Kong, closing schools, offices and the city's stock exchange for the day.

The Hong Kong Observatory lowered the storm signal from No 8 to 3 on Wednesday afternoon as Utor was moving gradually away from the city.

Much of the city resembled a ghost town, with empty streets and a minimal public transport running, as people opted to stay indoors.

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At its nearest point Utor was 250 kilometres from Hong Kong, but as the day progressed its intensity was easing, the Observatory said.

Trading at the Hong Kong Stock Exchange remained cancelled for the whole day.
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Video: Hong Kong battens down for Severe Typhoon Utor

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