Taiwan Stock Market in China to Suspend Trading Tomorrow!
On the evening of the day, the Taiwan Stock Exchange in China announced that due to the impact of Typhoon Kong-rey, the Taiwan Stock Exchange and its markets will suspend trading on the day of the year. This will be the first time since the year that the exchange has suspended trading three times in one year due to a typhoon.
According to China Weather, based on the latest forecast, it is expected that "Kong-rey" will move northwestward at a speed of about — kilometers per hour, maintaining its intensity or slightly weakening, and will make landfall near the eastern coast of Taiwan Island around midday (— meters per second, — level, strong typhoon or super typhoon level).
It is worth noting that Hong Kong, China, ended the long-standing tradition of closing market trading during typhoons and heavy rain this month. On October 25, Chief Executive of the Hong Kong Special Administrative Region, John Lee, announced that the Hong Kong Stock Exchange will implement new arrangements starting from this December, under which the securities market will remain operational during adverse weather conditions. Under the new arrangement, investors can trade Hong Kong stocks and derivatives, as well as buy and sell mainland Chinese stocks through the Shanghai-Shenzhen-Hong Kong Stock Connect, as usual during the issuance of a No. 8 or higher typhoon signal or a black rainstorm warning in Hong Kong.
Previously, the Hong Kong stock market has been suspended multiple times due to severe weather. According to a review by First Financial News based on announcements from the Hong Kong Stock Exchange, since then, severe weather has led to the suspension of trading in the Hong Kong stock market on multiple occasions, with the duration ranging from several hours to an entire trading day. In just 2023, there have been 7 suspensions, including 5 full-day suspensions. During the trading halt, investors are unable to manage their portfolios and must bear potential market risks, especially when the markets related to their positions are still open for trading. Additionally, the suspension of trading due to severe weather also affects market trading volume.