Money
Hong Kong stock exchange resumes trading after grinding to a halt
Hong Kong stocks will resume following a cancellation of the morning session
A lowered rainstorm warning from the city’s weather observatory gave the all-clear for the exchange to reopen.
The Hong Kong Observatory lowered the rainstorm warning to amber from black after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of both securities and derivatives markets, including Stock Connect due to the black rain warning.
Earlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.
Morning trading in the city was last suspended in October 2020 following a tropical storm Nangka prompted authorities to shutter businesses and close schools.
Average daily turnover in Hong Kong this year stands at around HK$188 billion.
