Hong Kong’s Hang Seng stock exchange
was closed for trade on Wednesday, when a deadly typhoon bringing wind gusts of 130 miles an hour slammed into the area. At least three people were killed in Macau. Typhoon Hato, the first category 10 storm to hit the island state since 2012, forced schools, government offices and businesses to shut down, while also leaving more than 400 flights cancelled out of the Hong Kong airport. The category 10 warning for typhoons has only been used 14 other times since 1946, according to media reports. Typhoon Hato came within 60 kilometers (37 miles) of Hong Kong-close enough to be considered a direct hit under the city’s storm warning system-before heading westward into mainland China, where it gradually weakened.