Hong Kong weather

Hong Kong stock market delays opening due to Typhoon Nida

PUBLISHED : Tuesday, 02 August, 2016, 8:24am
UPDATED : Tuesday, 02 August, 2016, 12:30pm

Hong Kong’s stock and futures market delayed opening on Tuesday because of Typhoon Nida slamming into the city, and eventually suspended trading all day.

Market operators Hong Kong Exchanges and Clearing Limited (HKEX) announced that the morning trading on its securities market, including the Shanghai-Hong Kong Stock Connect and the derivatives market, were delayed after weather forecasters raised Typhoon Signal No 8.

T8 warning for Hong Kong to be downgraded to T3 as Typhoon Nida moves across southern China

Around midday, with the No 8 signal still in place, the whole day’s trading was cancelled.

The Hong Kong Observatory said the signal No 8 would be downgraded to No 3 by 1pm.

The Chinese Gold and Silver Exchange Society said the local gold market would also cancel trading on Tuesday morning due to the typhoon.