Storm Yagi, which was Asia’s strongest storm this yr, left dozens lifeless in northern Vietnam and created widespread injury to infrastructure and factories. The storm made landfall on Saturday on Vietnam’s northeastern coast, which is the manufacturing operations of home and overseas firms, together with VinFast Auto (NASDAQ:VFS) and Apple (AAPL) suppliers Pegatrong and USI.
Earlier than slamming into Vietnam, Storm Yagi brought on at the very least 20 deaths within the Philippines final week and 4 deaths in southern China. Storm Yagi additionally disrupted tourism in Macau earlier than and after its passage. Macau Worldwide Airport noticed an combination of 41 flight cancellations on Thursday, and one other 156 flights cancelled on Friday. As well as, ferry companies between Macau and Shenzhen/Hong Kong have been suspended all through Thursday and at the very least a half day throughout Friday. The Macau disruption might be an element within the September gross gaming income numbers for Wynn Macau (OTCPK:WYNMF) (OTCPK:WYNMY) (WYNN), Sands China (OTCPK:SCHYY) (OTCPK:SCHYF) (LVS), MGM China (OTCPK:MCHVF) (OTCPK:MCHVY) (MGM), Galaxy Leisure (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF) (OTCPK:SJMHY), Melco Resorts & Leisure (NASDAQ:MLCO), and Studio Metropolis Worldwide (NYSE:MSC).
Storm Yagi, which was Asia’s strongest storm this yr, left dozens lifeless in northern Vietnam and created widespread injury to infrastructure and factories. The storm made landfall on Saturday on Vietnam’s northeastern coast, which is the manufacturing operations of home and overseas firms, together with VinFast Auto (NASDAQ:VFS) and Apple (AAPL) suppliers Pegatrong and USI.
Earlier than slamming into Vietnam, Storm Yagi brought on at the very least 20 deaths within the Philippines final week and 4 deaths in southern China. Storm Yagi additionally disrupted tourism in Macau earlier than and after its passage. Macau Worldwide Airport noticed an combination of 41 flight cancellations on Thursday, and one other 156 flights cancelled on Friday. As well as, ferry companies between Macau and Shenzhen/Hong Kong have been suspended all through Thursday and at the very least a half day throughout Friday. The Macau disruption might be an element within the September gross gaming income numbers for Wynn Macau (OTCPK:WYNMF) (OTCPK:WYNMY) (WYNN), Sands China (OTCPK:SCHYY) (OTCPK:SCHYF) (LVS), MGM China (OTCPK:MCHVF) (OTCPK:MCHVY) (MGM), Galaxy Leisure (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF) (OTCPK:SJMHY), Melco Resorts & Leisure (NASDAQ:MLCO), and Studio Metropolis Worldwide (NYSE:MSC).