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'Black' rainstorn in Hong Kong to delay market open

FXstreet.com (Barcelona) - The Hong Kong stock market will suffer delays on its opening today after authorities issued a “black” rainstorm warning, the highest level, Bloomberg reports. Heavy rainfalls have resulted in such decision.

From Bloomberg: "The Hong Kong Observatory initially issued the signal at 4:10 a.m. local time this morning, with the latest announcement being that it expects the warning to remain in place until 9 a.m. today, according to the government forecasting agency’s website. Gusts reaching 70 kilometers per hour or above may affect Hong Kong."

"Under stock exchange rules, the start of trading in stock and derivative markets will be delayed until at least two hours after the signal has been lifted, according to the website of Hong Kong Exchanges & Clearing Ltd., the bourse operator" Bloomberg added.

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