Hong Kong will change the rules for its exchange operator, allowing continued trading during poor weather conditions.
Starting from September 23, the Hong Kong Exchanges and Clearing (HKEX) will no longer shut down the market even when the local forecaster issues signals for poor weather conditions, according to an «SCMP» report citing the city's chief executive John Lee in a media briefing, adding that this was in line with arrangements at other bourses like Shenzhen and Shanghai.
Currently, the HKEX halts trading when a black rainstorm alert or a typhoon signal no. 8 and above is issued. According to the Hong Kong Observatory, the city experiences around five to six typhoons per year though the intensity is difficult to forecast.
