A tropical depression developing near the Philippines is forecast to intensify into a typhoon and track toward Hong Kong over the coming weekend.

Meteorological authorities warn that the system could make landfall less than 400km east of the city, bringing strong winds and heavy squally showers to the Guangdong coast from late Saturday through Sunday.

The developing weather system adds another layer of operational risk to a region already grappling with severe disruptions.

China and Taiwan have escalated emergency protocols as Typhoon Bavi approaches, following reports that the storm has already claimed 11 lives in the Philippines.

The intensifying preparations signal a broadening impact across East Asia, with authorities bracing for potential infrastructure damage and transport delays.

Market participants are monitoring the situation for potential supply chain interruptions, particularly in the electronics and manufacturing sectors concentrated in the Guangdong region.