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Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M

September 8, 2023

Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and forcing the stock market to scrap trading on Friday.

The downpour, which caught many residents off guard and came just a week after a super typhoon shut the city, caused the observatory to raise its highest rainstorm alert. Schools were suspended and workers stayed home as bus operators halted services. Extreme weather conditions were expected to last until 6 pm, the government warned.

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