Taiwan’s Exchange Will Stay Closed a Second Day Due to Typhoon
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Taiwan’s $2.5 trillion stock market will remain closed on Thursday, marking a rare second day without trading as the deadly Typhoon Gaemi approaches after inundating the Philippines.
Gaemi strengthened into a super typhoon on its way to Taiwan on Wednesday, which saw capital city Taipei shutter schools, workplaces and the stock exchange as a preventive measure. With sustained winds of up to 185 kilometers (115 miles) per hour, Gaemi has forced cancellations of flights and ferries, and Taiwan President Lai Ching-te urged residents in low-lying areas and places prone to landslides to evacuate.