Typhoon prompts Hong Kong to close schools, stock market | See Pics

Hong Kong suspended classes, stock market trading and government services as a typhoon passed south of the city Wednesday.

Hong Kong authorities closed schools on Tuesday and raised the third highest storm warning as a typhoon threatened the financial hub for the second time in less than a week.

The Hong Kong observatory raised the number 8 typhoon signal as severe tropical storm Kompasu moved southeast of the city in the South China Sea, with the signal expected to remain in force at least before sunrise on Wednesday.