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Hong Kong Halts Stock Trading on Tropical Storm Nangka

Hong Kong Halts Stock Trading on Tropical Storm Nangka

(Bloomberg) — Trading in Hong Kong’s $5.9 trillion stock market was scrapped Tuesday morning as tropical storm Nangka prompted authorities to shutter businesses and close schools.



a large body of water with a city in the background: Clouds gather over the Hong Kong Convention and Exhibition Centre, left, and other buildings during a No. 8 Storm Signal raised for tropical storm Wipha in Hong Kong, China, on Wednesday, July 31, 2019. A tropical storm shut Hong Kong’s financial markets for the first time in almost two years, adding extra drama to a city that’s been wracked by protests for weeks.


© Bloomberg
Clouds gather over the Hong Kong Convention and Exhibition Centre, left, and other buildings during a No. 8 Storm Signal raised for tropical storm Wipha in Hong Kong, China, on Wednesday, July 31, 2019. A tropical storm shut Hong Kong’s financial markets for the first time in almost two years, adding extra drama to a city that’s been wracked by protests for weeks.

The Hong Kong Observatory raised its storm signal to No. 8, the third-highest on its scale, at 5:40 a.m. and said it expects the signal to be in force for “most of the day.” Winds with mean speeds of 63 km (39 miles) per hour or more are expected from the northeast quarter, it said.

Most businesses close and public transport becomes limited when No. 8 signal or above is in place. Under Hong Kong stock exchange rules, trading will be abandoned for the day if the signal isn’t lowered to 3 or below before noon. A typhoon in August also disrupted stock trading in the city, with the market opening at 1:30 p.m.

Chinese President Xi Jinping is set to visit Shenzhen, neighboring Hong Kong, this week. He is scheduled to deliver an address Wednesday and meet the leaders of Hong Kong and Macau, the official Xinhua News Agency said Monday.

Video: Mainland Chinese tourists are still ‘very important’ to Hong Kong: New World Development (CNBC)

Mainland Chinese tourists are still ‘very important’ to Hong Kong: New World Development

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At 8 a.m., Nangka was centered about 450km south-southwest of Hong Kong and is forecast to move west or west-northwest at about 22km per

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Devils still have big need after signing Corey Crawford, trading for Ryan Murray | What’s next? Who’s left in free agent market?

Devils still have big need after signing Corey Crawford, trading for Ryan Murray | What’s next? Who’s left in free agent market?

Devils general manager Tom Fitzgerald vowed to tackle his first free agent market with patience, and that’s exactly what he did Friday after the market opened at noon in the East.

All day.

Almost all night.

With lots of cap space to spend and pressing needs to address, the rebuilding Devils made a big move about an hour before the clock struck 12 midnight by signing veteran goalie Corey Crawford to a two-year, $7.8-million pact.

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What an intriguing addition this was.

Crawford, 35, will go down in Blackhawks history as a franchise great because the Montreal native was in the net for two Stanley Cup wins during his 13 mostly good seasons with Chicago, and this move filled a Devils hole because Cory Schneider, their No. 2 goalie last season when he wasn’t demoted to the AHL, was bought out on Thursday.

Now Crawford will be asked to play a lesser role both as an often-used No. 2 and mentor to starter Mackenzie Blackwood, who was pretty good as a rookie last season.

The Crawford signing was announced 24 hours after the Devils took advantage of a division rival being up against the cap when they acquired defenseman Ryan Murray from the Columbus Blue Jackets for just a fifth-round pick. With Murray, the second pick of the 2012 draft, seemingly over chronic back problems and expected to be a first- or second-pair defenseman next season, he could be a steal for the Devils even though he has just one season remaining on his contract.

That deal also filled a need, which leaves one pressing one for Fitzgerald, who would love to bring in a goal-scorer to play left wing on

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Stock Market Trading Tools To Help Beginners Trade Like Pros During The Recession

Stock Market Trading Tools To Help Beginners Trade Like Pros During The Recession

The global stock market has been up and (mostly) down thanks in large part to the ongoing pandemic. To no one’s surprise, this pandemic triggered a global recession with Worldbank.org going as far as saying that “It could plunge the world into the worst recessions since World War 2.” Despite the uncertainty, we’ve found that rookie investors have been getting into the market thinking that they could take advantage of the sudden drops in stock prices.

Unfortunately, almost every beginner trader hasn’t done even a fraction of the research needed to make educated trades. Chances are, they’ll end up losing more than they make. We’re going to make sure you won’t end up like them.

After reading this post, you’ll be well-equipped with the proper knowledge in stock trading so you can take advantage of these “new normal” prices for when the market inevitably shoot back up when the economy recovers. With some experience, a few well-placed trades, a bit of luck, you could be looking at a major win that will take you one step closer towards financial freedom.

The basics

Legendary investor Warren Buffett defines investing as “the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles in the hopes of growing your money over time.

Stock trading is basically investing money you can afford to lose and have that money work for you. Investing your savings or money you know you will need in the near future will greatly affect your discipline and patience — leading to bad decisions. 

With that in mind, let’s walk through other important factors you should keep in mind as an investor to maximize your returns while minimizing your

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