The Prague Post - Hong Kong halts trading, closes schools post-typhoon

EUR -
AED 4.278161
AFN 76.297883
ALL 92.157796
AMD 423.29876
ANG 2.08495
AOA 1069.394468
ARS 1761.092699
AUD 1.612744
AWG 2.099764
AZN 1.984907
BAM 1.957998
BBD 2.345132
BDT 143.245092
BGN 1.976127
BHD 0.439017
BIF 3479.80014
BMD 1.164918
BND 1.472623
BOB 14.583996
BRL 5.934051
BSD 1.164307
BTN 110.805608
BWP 15.632285
BYN 3.566271
BYR 22832.384687
BZD 2.341859
CAD 1.604138
CDF 2685.135012
CHF 0.940316
CLF 0.027286
CLP 1077.338936
CNY 7.817238
CNH 7.809625
COP 3631.164608
CRC 529.219019
CUC 1.164918
CUP 30.870316
CVE 110.388908
CZK 24.245078
DJF 207.352537
DKK 7.474554
DOP 68.426807
DZD 154.900164
EGP 59.640757
ERN 17.473764
ETB 190.217578
FJD 2.555757
FKP 0.860237
GBP 0.859004
GEL 3.029274
GGP 0.860237
GHS 13.303504
GIP 0.860237
GMD 85.625531
GNF 10235.620985
GTQ 8.895985
GYD 243.614953
HKD 9.135551
HNL 31.245072
HRK 7.53679
HTG 152.278117
HUF 363.935979
IDR 20355.769899
ILS 3.518403
IMP 0.860237
INR 110.797351
IQD 1525.312118
IRR 1601266.590582
ISK 140.407499
JEP 0.860237
JMD 183.74625
JOD 0.825912
JPY 178.583614
KES 150.798738
KGS 101.871667
KHR 4718.559732
KMF 493.925214
KPW 1048.42617
KRW 1556.85379
KWD 0.359575
KYD 0.970335
KZT 529.223568
LAK 26063.710057
LBP 104271.517233
LKR 382.570771
LRD 203.189412
LSL 18.69048
LTL 3.439699
LVL 0.704647
LYD 7.365267
MAD 10.88662
MDL 20.114528
MGA 5000.892396
MKD 61.589132
MMK 2445.673709
MNT 4191.710574
MOP 9.405482
MRU 46.608316
MUR 54.576226
MVR 17.997461
MWK 2019.061665
MXN 19.696648
MYR 4.741195
MZN 74.450007
NAD 18.69048
NGN 1541.896902
NIO 42.850121
NOK 10.697578
NPR 177.289373
NZD 1.990239
OMR 0.447921
PAB 1.164357
PEN 3.900362
PGK 5.253897
PHP 72.791002
PKR 322.861618
PLN 4.314138
PYG 6871.713298
QAR 4.244765
RON 5.255061
RSD 117.377019
RUB 99.541748
RWF 1716.908241
SAR 4.374903
SBD 9.312373
SCR 15.99083
SDG 700.694472
SEK 11.149187
SGD 1.471838
SHP 0.863048
SLE 28.647177
SLL 24427.738421
SOS 665.4784
SRD 44.176018
STD 24111.442073
STN 24.527531
SVC 10.188436
SYP 15146.258345
SZL 18.696227
THB 38.31437
TJS 10.753278
TMT 4.088861
TND 3.388303
TOP 2.804842
TRY 56.472001
TTD 7.906248
TWD 36.647146
TZS 3075.385935
UAH 52.020191
UGX 4406.946669
USD 1.164918
UYU 46.852591
UZS 13768.45469
VES 947.861346
VND 30179.519903
VUV 137.438378
WST 3.165557
XAF 656.730805
XAG 0.017602
XAU 0.000265
XCD 3.148248
XCG 2.098573
XDR 0.823657
XOF 656.69412
XPF 119.331742
YER 276.144029
ZAR 18.691394
ZMK 10485.668944
ZMW 22.414121
ZWL 375.102987
  • BCE

    -0.3400

    23.31

    -1.46%

  • BCC

    -0.9650

    75.895

    -1.27%

  • NGG

    -0.6500

    77.41

    -0.84%

  • GSK

    0.2100

    48.75

    +0.43%

  • AZN

    -2.3000

    157.74

    -1.46%

  • RIO

    -0.7850

    103.045

    -0.76%

  • BTI

    -0.7050

    54.445

    -1.29%

  • CMSD

    -0.0350

    20.645

    -0.17%

  • JRI

    -0.0800

    12.12

    -0.66%

  • BP

    0.1000

    44.98

    +0.22%

  • RYCEF

    -0.2900

    19.55

    -1.48%

  • RELX

    -0.4850

    34.215

    -1.42%

  • VOD

    -0.1400

    17.17

    -0.82%

  • CMSC

    -0.0950

    20.77

    -0.46%

  • RBGPF

    -1.0000

    69

    -1.45%

Hong Kong halts trading, closes schools post-typhoon
Hong Kong halts trading, closes schools post-typhoon / Photo: Peter PARKS - AFP

Hong Kong halts trading, closes schools post-typhoon

Asian finance hub Hong Kong halted trading at its stock exchange on Monday and closed schools, after Typhoon Koinu generated torrential rainfall overnight.

Text size:

Koinu -- which caused one death in Taiwan last week -- had weakened into a severe tropical storm by Monday, said the Hong Kong Observatory, as it moved toward the coastal areas of China's Guangdong province.

The storm caused non-stop rain overnight, leading the agency to issue a "black" rainstorm warning signal -- its highest -- for about six hours before it was downgraded at 10:30 am (0230 GMT).

More than 150 millimetres of rain were recorded over most parts of the territory since midnight Monday, and rainfall exceeded 300 millimetres over some parts of urban Hong Kong island, data showed.

"Heavy rain will bring flash floods... People should stay away from watercourses," the observatory said, adding that residents living near rivers be alert in case they need to evacuate.

The city's third-highest storm warning signal -- "T8" -- was to remain in place until 11:40 am local time.

Due to the storm warning, trading at the city's stock exchange was suspended in the morning session, but was expected to resume at 2:00 pm.

Schools and daycare centres, ordered to shut when authorities issued the T8 signal a day earlier, remained closed Monday.

This was the second time in a month the city has issued the black rain warning.

In early September, Hong Kong experienced its highest rainfall in nearly 140 years, flooding subway stations and malls, and causing landslides.

- Transport disruptions -

While no major damage was initially reported, the hoisting of the second-highest typhoon warning on Sunday evening caused issues at Hong Kong's international airport, where hundreds of arriving passengers were stranded without bus, subway or taxi services.

"A large number of arriving passengers had to wait for a relatively long time because the AirPort Express -- a main transport link between the airport and the city -- was suspended due to safety reasons," said an airport representative Monday.

After the storm was downgraded just before midnight, "12 train rides provided more than 18,000 seats for the passengers who waited an average of three hours", the official said.

In China's Guangdong province -- where Koinu is expected to sweep past en route to Hainan island -- the cities of Zhuhai and Jiangmen issued a Level III emergency response, according to the Xinhua news agency Sunday.

That meant more than 35,500 fishing boats had to return to port, while dozens of coastal scenic areas were temporarily closed.

Before moving to Hong Kong, Koinu had grazed nearby Taiwan, bringing torrential rain and record-breaking winds to its outlying Orchid Island.

The storm left at least one dead in Taiwan, knocking out power to hundreds of thousands of homes.

Southern China is frequently hit during the summer and autumn seasons by typhoons that form in the warm oceans east of the Philippines and then travel west.

But climate change has made tropical storms more unpredictable while increasing their intensity -- bringing more rain and stronger gusts that lead to flash floods and coastal damage, experts say.

B.Svoboda--TPP