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MARKETS & INVESTING | Staff Reporter, Hong Kong
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Trading resumes in Hong Kong

Typhoon Nesat, which made Hong Kong issue the highest storm warning in two years, caused the stock exchange to halt trading on 29 September 2011.

A Bloomberg report said, “Typhoon Nesat, the strongest to hit China this year, forced the evacuation of 300,000 people, grounded flights and closed markets as it swept past Hong Kong, slammed into the Chinese island of Hainan and headed to Vietnam.”

The typhoon, according to the report, made landfall in Hainan province at 2:30 p.m. Thursday with winds as fast as 151 kilometers an hour.

“Moving west, the typhoon may reach the coast of Vietnam by tomorrow, where four people were killed and 5,000 hectares of farmland flooded earlier this week by Tropical Storm Haitang,” added the report.

View the report here.

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