BREAKING NEWS

Typhoon Nesat hits HK, closing financial markets

By REUTERS

SEPTEMBER 29, 2011 07:01

HONG KONG - A typhoon swept past Hong Kong on Thursday, closing markets, schools and most businesses in one of Asia's most important financial centers.

Government offices and schools are expected to remain closed for the rest of the day as Typhoon Nesat makes its way past Hong Kong en route to south China, after passing through the Philippines where it left at least 35 dead and 45 missing.

"Nesat is closest to Hong Kong now," the observatory said in a statement. "Gale winds are expected to persist over Hong Kong."

The Hong Kong Observatory's No.8 typhoon warning signal will remain in effect for most of the day, it said on its website. That means the city's financial markets will continue to be closed for the afternoon session.

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