UPDATE 1-HK markets to re-open in afternoon, rainstorm warning lifted

Tue May 21, 2013 10:25pm EDT

(Updates with re-opening time)

HONG KONG May 22 (Reuters) - Hong Kong securities and derivatives markets will resume trading at 1 p.m. local time (0500 GMT) on Wednesday after authorities lifted a severe rainstorm warning, the exchange said in a statement.

There will be no pre-opening session for the securities market but the 30-minute session will apply for certain futures contracts, according to a statement from Hong Kong Exchanges and Clearing Ltd. (Reporting by Donny Kwok; Editing by Stephen Coates)