Hong Kong halts trading, closes schools post-typhoon

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HONG KONG: Hong Kong on Monday halted trading at its stock exchange and kept schools closed after Typhoon 'Koinu' generated torrential rainfall overnight.

Koinu — which caused one death in Taiwan last week — had weakened into a severe tropical storm by Monday, the Hong Kong Observatory said, as it moved toward the coastal areas of China's Guangdong province.Heavy rain clouds are seen over Hong Kong's central district as Typhoon Signal No. 8 was hoisted at about noon on Sunday, Oct. 8, 2023, as Typhoon 'Koinu' skirted by the regional financial hub.

Schools and daycare centers, which were ordered to shut when authorities issued the T8 signal a day earlier, remained closed on Monday. This was the second time in a month the Asian financial hub has issued the black rain warning. Early last month, Hong Kong experienced its highest rainfall in nearly 140 years, flooding subway stations and malls, and causing landslides.

 

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