Investing.com - Financial Markets Worldwide
👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Taiwan orders markets, schools closed as strong typhoon approaches

Published 09/30/2019, 09:17 AM
Updated 09/30/2019, 09:20 AM
Taiwan orders markets, schools closed as strong typhoon approaches

YILAN, Taiwan, Sept 30 (Reuters) - A typhoon will hit
northern Taiwan later on Monday, meteorologists said, shutting
financial markets and schools as airlines cancelled dozens of
flights amid warnings of floods and high winds on the island.
Typhoon Mitag, categorised by Taiwan's weather bureau as the
second-strongest typhoon level, was expected to approach the
coast of the northeastern county of Yilan with maximum winds of
162 kmh (100 mph).
It was moving across the ocean in a north-northwesterly
direction at 27 kmh (17 mph), weather officials said, and could
gain strength as it approaches the island.
The bureau issued wind and rain warnings for greater Taipei,
the northern port city of Keelung, and other northern counties.
It also put out a warning to seafarers around Taiwan.
"Typhoon Mitag is about to hit Taiwan ... Please pay
attention to your safety and make preparations for the typhoon,"
Premier Su Tseng-chang wrote on Facebook late on Sunday.
Dozens of flights and ferry services were cancelled, while
several highways across the island were shut amid fears of
landslides and floods.
The typhoon was expected to approach China's eastern city of
Shanghai on Tuesday, forecasts showed.
Typhoons regularly hit Taiwan, China, the Philippines and
Japan in the second half of the year, gathering strength from
the warm waters of the Pacific Ocean or South China Sea.
Typhoon Morakot devastated Taiwan in 2009 and killed nearly
700 people, most of them in landslides.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.