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Typhoon Champi Shuts Taiwan’s $5 Trillion Stock Market

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Weather & Science Typhoon Champi Shuts Taiwan’s $5 Trillion Stock Market Taiwan’s stock exchange will shut Friday as Typhoon Champi approaches the island, bringing heavy rainfall and strong winds and prompting authorities to shut offices and schools in capital city Taipei. While the storm has weakened from super typhoon strength, its top sustained winds remain at 213 kilometers (132 miles) per hour, equivalent to a Category 4 hurricane. The storm reached super typhoon strength earlier this...

Weather & Science Typhoon Champi Shuts Taiwan’s $5 Trillion Stock Market Taiwan’s stock exchange will shut Friday as Typhoon Champi approaches the island, bringing heavy rainfall and strong winds and prompting authorities to shut offices and schools in capital city Taipei. While the storm has weakened from super typhoon strength, its top sustained winds remain at 213 kilometers (132 miles) per hour, equivalent to a Category 4 hurricane. The storm reached super typhoon strength earlier this week, making it the 10th to reach that level in the northwest Pacific Ocean this season.
Typhoon Champi Shuts (ORG) Taiwan (LOCATION) Typhoon Champi (EVENT) Taipei (LOCATION) Pacific Ocean (LOCATION)
Originally published by Bloomberg Markets Read original →