Hong Kong issues level 10 warning for Typhoon Wipha, fearing short-term impact on financial and trade markets

Hong Kong issues highest level Typhoon Wipha warning, level 10, amid financial market impactsBusiness sector

July 20, 2568 – The Hong Kong Observatory (HKO) has issued a tropical cyclone warning. “Hurricane Signal, No. 10” This is the highest level, indicating that average wind speeds of 118 kilometers per hour or more are likely to hit the area. The warning has had a significant impact on economic activities and market operations in the Hong Kong Special Administrative Region.

At 14:00, Typhoon Wipha was centered about 80 kilometers southwest of the Hong Kong Observatory (near latitude 21.9 degrees north, longitude 113.5 degrees east) and was forecast to move west at about 22 kilometers per hour, passing through the Pearl River Estuary towards the west coast of Guangdong Province.

Although Typhoon Wipha is moving away from Hong Kong and winds in the eastern part of the country have weakened, hurricane force winds from Typhoon Wipha are still occasionally affecting areas southwest of Hong Kong. HKO is considering lowering the warning signal to “Gale or Storm Signal, No. 8” Between 16:00 and 17:00, depending on the level of weakening of wind currents in the area.

Impact on business and infrastructure

This highest storm warning has brought economic activity to a halt, with service and retail sectors impacted as people are forced to stay indoors for safety reasons. The shift to the southeasterly winds continues to turn previously sheltered areas into open space, potentially increasing the risk of property and infrastructure damage.

The rain bands of Typhoon Wipha continue to bring heavy rain and frequent thunderstorms to Hong Kong, causing flooding and increasing travel risks. The suspension of water activities and the prohibition of approaching the coastline reflect the severity of the situation at sea, which may affect shipping and port operations.

Over the past hour, sustained maximum wind speeds were recorded at Ngong Ping, Cheung Chau and Tai Mei Tuk at 144, 119 and 97km/h respectively, with maximum gusts exceeding 179, 140 and 117km/h, indicating the severity of the storm that could cause damage to buildings and structures.

Airport Precautions and Operations

Authorities have issued warnings to the public to avoid leaving buildings, stay away from open windows and doors, and be aware of downed power lines. Rough sea conditions and strong currents remain dangerous.

For businesses in particular, flight cancellations or delays at Hong Kong International Airport have a direct impact on supply chains and business travel, and travellers and businesses are advised to contact their airlines for the latest flight information before travelling to the airport.

The varying extent of damage caused by this tropical cyclone to Hong Kong highlights the need for risk assessment and precautions for businesses and investors to ensure personal safety and continuity of operations in this uncertain environment.

refer : www.hko.gov.hk

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