Trading in Hong Kong's securities and derivatives markets was cancelled on Wednesday due to a severe tropical storm warning, according to the Hong Kong Stock Exchange. The Hong Kong bourse said in a statement on Wednesday morning that no securities clearing or settlement services would be provided for the day.
The local stocks, derivatives, forex and debt markets will remain closed Wednesday morning, after the city raised the severe tropical storm warning. According to standard procedure, stock markets will open in the afternoon if the city withdraws the alert at or before noon. If the warning remains in effect afternoon or 0400 GMT, trading will resume only the next day.
The benchmark Hang Seng Index slid 2.5 percent on Tuesday, dragging the main index below the 22,000 support level. The Hong Kong dollar stood at about 7.8049/50 to the US dollar at 0849 GMT on Tuesday.
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