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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (201075)

8/31/2023 7:24:42 PM

From: TobagoJack

Read Replies (1) | Respond to of 217654

Re <<Elon will gladly make a deal with U.S. companies and U.S. gov't>>

Elon doesn't have to make a deal w/ Apple. He can either make a deal w/ Google or Microsoft or just set up his own Tesla X cellular handset company and take Apple's shares, not as in equity, literally, but as in market, mathematically.

But in any case am unsure how many folks needs satellite capability on their handset unless it comes as a package w/ Starlinks, which actually makes sense.

We watch.

In the mean time am watching and bracing, for direct hit. The last time HK direct hit caused the schools to shut down for 5 days due to road blockage etc etc

Message 31233554

Now that the schools are adapt at running zoom classes, no-school storm days have been upgraded to zoom-school storm days, albeit at 1/2 time (30 min per class)

A direct hit is rare. There have only been 16 maximum-level storms in Hong Kong since records began in 1946, including Hato in 2017 and Mangkhut the following year. Both of those were at least 60 km away from the finance hub at their closest, according to observatory data.

The No. 10 signal means hurricane force winds reaching a sustained speed of 118 km an hour are affecting the city.

bloomberg.com
Hong Kong Shuts Down City Before Super Typhoon Saola Hits

Financial hub may raise No. 8 storm signal to higher level

Typhoon may be strongest to affect Hong Kong in five years

By Richard Frost, Brandon Sapienza, and Jacob Gu

31 August 2023 at 08:04 GMT+8
Updated on
1 September 2023 at 06:16 GMT+8

Hong Kong is closing down its $5 trillion stock market along with the city as the Asian financial hub prepares for a possible direct hit by Super Typhoon Saola, which could be the strongest storm to hit the city in at least five years.

The city issued a No. 8 storm warning at 2:40 a.m. on Friday with its local observatory saying the third-highest typhoon warning level will remain in force for most of the day and it will consider the need to raise the tropical cyclone warning to higher signals.

Saola will be closest to Hong Kong tonight and Saturday morning, skirting within 100 kilometers (62 miles) south of the city, it added in a statement.

There will be no trading of the securities market for the day if a No. 8 signal or above is issued before pre-opening starts and remains in force until 12 p.m., according to the Hong Kong stock exchange rules.

All inner harbor and outlying islands ferry services have been suspended, the local transport department said. MTR, the city’s subway and railroad operator, has also halted bus services. Flight operations may be affected, according to the Hong Kong International Airport.

Schools will be shut, Chief Secretary Chan Kwok-ki said at a press briefing Thursday afternoon. Chan Pak-wai, director of the local observatory, said the no. 8 signal will probably be kept on Saturday and may even be raised to the highest level — no. 10.

“This can be a very destructive typhoon,” the chief secretary said, flanked by heads of various government departments. “We hope to minimize the damage.”

Saola has the potential to be the most powerful typhoon to hit Hong Kong since Mangkhut battered the city in 2018, which left roads blocked, buildings damaged and low-lying areas flooded. Saola earlier skirted past the Philippines and Taiwan. The latest forecast track has the eye of the typhoon passing over the southern part of the city either late Friday or early Saturday.

Saola on Aug. 31.Source: RAMMB/CIRA

Cathay Pacific Airways Ltd. expects to suspend flights starting Friday afternoon through Saturday morning because of the typhoon, according to a person familiar with the situation. The airline expects significant disruptions at Hong Kong International Airport and is working to keep aircraft out of the city for a period of time, according to information seen by Bloomberg.

Hong Kong is typically affected by about six typhoons annually, usually from June to October, but only a fraction of those result in market or school closures. The last time was in July because of typhoon Talim.

A direct hit is rare. There have only been 16 maximum-level storms in Hong Kong since records began in 1946, including Hato in 2017 and Mangkhut the following year. Both of those were at least 60 km away from the finance hub at their closest, according to observatory data.

The No. 10 signal means hurricane force winds reaching a sustained speed of 118 km an hour are affecting the city.

Super Typhoon Saola

According to Steven Lam, insurance analyst at Bloomberg Intelligence in Hong Kong, Saola’s speed and trajectory indicate that the storm may be as destructive as some of Hong Kong’s worst typhoons in recent times, such as Mangkhut and Hato.

“Saola’s damage could be comparable to Mangkhut and Hato, because it could be closer to the city and with slower movement than the prior two,” Lam said.

Storm Warnings Signals

1	A typhoon is centered within 800 km (497 miles) of Hong Kong.
3	Strong wind is blowing or expected. Businesses operate as usual.
8	Gale or storm winds. Sustained winds of 63-117 km/h and gusts may exceed 180 km/h. Schools close. Markets shut if signal is up during trading hours. Public transport likely affected. Food delivery services suspended.
9	Gale or storm is strengthening or expected to strengthen significantly. Markets, schools shut, as will many businesses. Limited public transport options.
10	Hurricane. Sustained winds of at least 118 km/h and gusts that may exceed 220 km/h. Markets, businesses, schools shut. Very limited public transport options.
Source: Hong Kong Observatory, MTR, Transport Department