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