Hong Kong shuts down as Typhoon Yagi approaches mainland China

A powerful typhoon swept south of Hong Kong and was moving toward a Chinese island province where it was expected to make landfall, forcing many aspects of life in the region to a halt. Trading on the stock market, bank services and schools were halted in Hong Kong on Friday after the city's weather authority raised a No. 8 typhoon signal for Typhoon Yagi, the third-highest warning under the city’s weather system.