Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …
Typhoon Koinu strengthened as the storm headed across the South China Sea toward Hong Kong, contrary to earlier expectations by most meteorologists who had predicted it would weaken. At 5 p.m. Hong Kong time, Koinu had maximum sustained winds of …
Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg Intelligence. The city’s heaviest rainstorm on record, coupled …
Severe Typhoon Koinu will pass over the southern tip of Taiwan in coming days before heading toward Hong Kong in a weakened state, according to regional observatories. The storm will intensify into a super typhoon with maximum sustained winds near …
Hong Kong was starting to feel the impact of Super Typhoon Saola as winds reached hurricane force and rain lashed the city. The government said it will raise the No. 9 storm signal — the second highest — at 6:20 …
Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling some flights before heading to Hong Kong. Authorities in Taiwan, where no typhoon has made landfall since 2019, closed offices …
Typhoon Talim became the first typhoon to make landfall in China this year on Monday evening, prompting authorities to issue flood warnings, cancel flights and trains, and order people to stay at home. Talim, the fourth typhoon of the year, …
Hong Kong closed its $4 trillion stock market early as severe tropical storm Nalgae moved closer on a day when the city hosted a top-level summit for global bankers. Hong Kong Exchanges & Clearing Ltd. scrapped afternoon trading of stocks …
Hong Kong suspended schools and the city’s $6.3 trillion stock market canceled trading Wednesday as strong winds and rain from typhoon Kompasu lashed the financial hub. Hong Kong Exchanges and Clearing Ltd. canceled securities trading, including the Hong Kong-China stock …
Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between US$1 billion and US$2 billion, according to catastrophe risk modeling firm AIR Worldwide. After making landfall in the Philippines, Typhoon Mangkhut doused a less …
