Typhoon Talim forces Hong Kong’s US$5.2 trillion stock market into trading halt

Hong Kong felt the devastating blow of Typhoon Talim as it forcefully swept its US$5.2 trillion stock market off into a trading halt today. Hong Kong Exchanges & Clearings Ltd cited this extreme weather event as the cause for the suspension, a decision markedly disrupting the day’s trading flow.

This unprecedented event not only put the scheduled New Media Lab’s stock debut on hold but additionally, compelled the postponement of court hearings. The extreme conditions also directly impacted China Connect Northbound, leading to significant trading disturbances.

Against the backdrop of Hong Kong’s trading, a pivotal strategy is in place, where the morning trading activity on stocks, bonds and derivatives is dropped once a Signal No.8 or above strikes past 9am. The afternoon session faces cancellation if the signal does not recede to…