Thursday, August 21, 2008

HONG KONG, Aug 22 (Reuters) - Trading in Hong Kong's securities and derivatives markets will be cancelled for the entire day on Friday due to a severe tropical storm warning, according to Hong Kong Exchanges and ClearingThe local stocks, derivatives, forex and debt markets will remain closed on Friday afternoon after the city raised a severe tropical storm warning in the morning.Typhoon Nuri, which killed four people in the northern Philippines, is heading towards Hong Kong and may hit the city head-on later in the day if it continues along its current track, the Hong Kong Observatory said.
Winds are expected to increase further and all afternoon flights were cancelled



I belive this closure of the market, even if only for a day will have a massive impact n the worlds economy. This shows that nothing in the world is secure. nature will always have in impact on the world. the stock markets will have a great change. the severe tropical storm has already killed four people and still continues on its rampage through japan. i believe that rhis storm will have a massive impact in japan.

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