Hong Kong’s bourse operator will allow trading to continue as normal during typhoons and torrential rains starting from September 23, the city’s leader announced on Tuesday.
Chief Executive John Lee Ka-chiu said he had accepted suggestions to scrap a decades-old practice of halting trading on the Hong Kong Exchanges and Clearing (HKEX) or shutting the market entirely when the city’s weather forecaster issued No 8 typhoon signal or black rainstorm alert.
Lee said the new arrangement was in line with that applied in global stock exchanges, including those in Shenzhen and Shanghai.
More to follow …
