10709: Connection failed (RTE:[89013] connecting HDBSQL to SAP HANA Cloud

On my Windows machine, I use following command to connnect to SAP DWC

hdbsql -u <USER> -p <PASSWORD> -n <HOST IP>:443 -e

I get this error

* -10709: Connection failed (RTE:[89013] Socket closed by peer {#### -> ####} (####:443))

My IP address is listed in the allowlist in SAP DWC

PS.: As I'm on Windows, I do not explicitly provide the trusted root certificate to the client.