Hong Kong Warns Saola May Disrupt Trading as City Braces for Super Typhoon

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Typhoon Saola is expected to make landfall in the coastal areas of Guangdong and Hong Kong from Friday afternoon to nighttime. Photo: Bloomberg

(Bloomberg) — Hong Kong warned it may effectively shut down the city, including its $5 trillion stock market, on Friday because of Super Typhoon Saola, which is approaching the financial hub after pummeling through northern Philippines.

The local weather agency said it will raise the storm signal to No. 3, the second lowest level, by 5 p.m. on Thursday and may elevate the alert by one level on Friday to No. 8 — the threshold at which schools close and most public transportation is stopped.