Updated 3:15 p.m. ET
(Bloomberg) -- Hong Kong was preparing to shutterbusinesses as Typhoon Hato drew closer to the city, with CathayPacific Airways Ltd. canceling flights and officials warning theymay raise the third-highest storm signal.
Continues to intensify
The tropical cyclone has continued to intensify in the past fewhours and may pass within 100 kilometers (62 miles) south of theglobal financial center, posing a threat to the city, the Hong KongObservatory said. A Strong Wind Signal No. 3 could be upgraded tothe No. 8 Gale or Storm Signal at 6 a.m. local time. Hato, namedafter the Japanese word for pigeon, was estimated to be about 366kilometers east-southeast of the city and forecast to move towardthe coast of Guangdong, according to the U.S. Navy and Air Force’sJoint Typhoon Warning Center in Hawaii.
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