Hong Kong’s stock market and offices were expected to open after the city lowered its tropical cyclone warning late on Tuesday morning, with a severe typhoon that had battered the territory overnight with gale-force winds weakening and moving away.
Typhoon Vicente grounded flights and shut port operations by Monday evening and authorities hoisted the highest No. 10 tropical cyclone signal for several hours overnight, making it one of the strongest to hit the city in the past decade.
A government spokesman confirmed shortly after 10 a.m. (10.00 p.m. EDT) on Tuesday that the signal had been reduced to 3 from 8.
CONTINUED at Reuters.