Market Chatter: Hong Kong Opens Trading Floor for First Time During Harsh Weather

MT Newswires Live11-14 17:05

The Hong Kong stock market traded for the first time during a typhoon on Wednesday after the city's exchange changed rules regarding trading during inclement weather, Bloomberg News reported Thursday.

Hong Kong's market used to shutter during typhoons, which made it an outlier compared with other exchanges elsewhere in the world, the report said.

Despite the issuance of Typhoon Signal 8 due to Tropical Storm Toraji, HKEX operations were still underway as floorless trading became possible since the pandemic, according to Bloomberg.

On Wednesday, there were no glitches save for a 15% dip in the 20-day average equity trading volume, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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