‘Black rainstorm’ delays trading on Hong Kong Stock Exchange

Trading on the Hong Kong Stock Exchange was temporarily halted yesterday (28 June) as a result of a ‘black rainstorm’ warning.

Hong Kong Exchanges and Clearing said that the morning trading sessions of both the securities and derivatives markets, including Stock Connect trading, had been delayed due to a black rainstorm warning.

The city has three levels of rainstorm warning, with black being the highest after amber and red, with landslides and flooding reported in some parts of Hong Kong as it was hit with high amounts of rainfall.

It was the city’s first black rainstorm warning this year, with more than 150mm of rain reported in the Western part of Hong Kong and the islands of Lantau and Lamma.

Several other districts saw at least 70mm of rain.

It was the city’s first black rainstorm warning this year, with more than 150mm of rain reported in the Western part of Hong Kong and the islands of Lantau and Lamma, according to the South China Morning Post,

Several other districts saw at least 70mm of rain.

A landslide at about 8am on Lantau blocked two lanes of traffic, police said. Seven other landslides were reported in Aberdeen, Western district, Tseung Kwan O and Cheung Chau.

The storm also reportedly delayed a flight carrying Hong Kong leader Carrie Lam and her delegation to Beijing for the Chinese Communist Party’s 100th anniversary celebrations by around an hour.

Schools and Covid-19 vaccination services were also suspended due to safety concerns.

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