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23 Jul

Hong Kong lowers storm signal, markets to open in afternoon

Fallen trees block a road after a typhoon in Hong KongHONG KONG (Reuters) - Hong Kong's stock market and offices were expected to open after the city lowered its tropical cyclone warning late on Tuesday morning, with a severe typhoon that had battered the territory overnight with gale-force winds weakening and moving away. Typhoon Vicente grounded flights and shut port operations by Monday evening and authorities hoisted the highest No. 10 tropical cyclone signal for several hours overnight, making it one of the strongest to hit the city in the past decade. A government spokesman confirmed shortly after 10 a.m. (10.00 p.m. …

Original post by Reuters and software by Elliott Back



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