Hong Kong halts trading, closes schools post-typhoon

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HONG KONG, China -- Asian finance hub Hong Kong halted trading at its stock exchange on Monday and closed schools, 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, said the Hong Kong Observatory, as it moved toward the coastal areas of China's Guangdong province.

"Heavy rain will bring flash floods... People should stay away from watercourses," the observatory said, adding that residents living near rivers be alert in case they need to evacuate. Schools and daycare centres, ordered to shut when authorities issued the T8 signal a day earlier, remained closed Monday.In early September, Hong Kong experienced its highest rainfall in nearly 140 years, flooding subway stations and malls, and causing landslides.

In China's Guangdong province -- where Koinu is expected to sweep past en route to Hainan island -- the cities of Zhuhai and Jiangmen issued a Level III emergency response, according to the Xinhua news agency Sunday.

 

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Hong Kong halts trading, closes schools post-typhoonHONG KONG: Hong Kong on Monday halted trading at its stock exchange and kept schools closed after Typhoon 'Koinu' generated torrential rainfall overnight.
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