Typhoon Usagi delays markets in Hong Kong

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Hong Kong lowered its storm warning signal and delayed the opening banks, schools and the opening of markets. The wake of the Typhoon Usagi had caused delays in trading and had also killed at least 20 people in southern China.

According to the Hong Kong Observatory, the storm signal was lowered to No.3 at 9:20 am today from the previous third highest level, storm signal No.8. The Hong Kong Exchanges and Clearing Ltd. had scrapped its morning trading today. This was after the reduction of the storm signal only took place after 9 a.m. Markets will then resume trading in the afternoon.

Hong Kong's biggest carrier, Cathay Pacific Airways Ltd, said it would resume operations from mid-day after the company suspended some services yesterday. Air China Ltd. also cancelled 148 flights as of yesterday. This was because airports were affected by the typhoon yesterday which included Xiamen, Shantou, Guangzhou, Zhuhai, Shantou, Macau and Hong Kong.

The government opened temporary shelters for those who were affected by the typhoon. A total of 274 people were seeking refuge in said shelters. As of 3 a.m. today, 13 people had sought emergency medical treatment in hospitals at the city. The Hospital Authority said it had discharged 6 of the 13 patients.

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