Markets in Hong Kong Close Due to Typhoon
The equity market in Hong Kong was closed Friday after the city observatory issued a typhoon signal following the Super Typhoon Yagi. The weather bureau issued its third-highest alert level Thursday night, and it will remain in force until noon local time.
Meantime, the bourse said there would be no trading for the day should the Number 8 signal be downgraded after noon. The Hang Seng ended at a two-week low at 17,444 on Thursday, falling for the fourth straight session to plunge around 3% for the week, squeezed by mounting uncertainty about China's economic recovery after the official manufacturing PMI hit a six-month low in August. Meanwhile, tensions between China and Japan escalated, as Tokyo may tighten further curbs on chipmaking sales to Chinese firms.
Source : Trading Economics