HONG KONG: Schools and many businesses shut in Hong Kong on Thursday (Nov 14) morning after authorities issued the third highest typhoon warning overnight as tropical storm Toraji skirted about 150km south of the financial hub. Toraji is expected to weaken and move away from Hong Kong with winds moderating gradually during the day, the city's observatory said. The strong wind alert will be lowered to signal 3 from 8 by 10.20am, the observatory said, which will allow many businesses to reopen