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Taiwan shuts US$5 trillion stock market as Typhoon Champi nears, almost 1,000 flights cancelled

Taiwan shut its US$5 trillion stock market, schools and offices on Friday as Typhoon Champi barreled toward the island, bringing heavy rain and damaging winds that disrupted flights.

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台风“占比”逼近,台湾关闭市值5万亿美元的股市,近千架航班取消

A pedestrian holds an umbrella as Typhoon Champi approaches Taiwan, in Keelung, Taiwan, October 23, 2026. -- Photo: REUTERS/Ann Wang

SOUTH-EAST ASIA (Bloomberg): Taiwan shut its US$5 trillion stock market, schools and offices on Friday as Typhoon Champi barreled toward the island, bringing heavy rain and damaging winds that disrupted flights.

Champi was packing top sustained winds of 155 kilometers (96 miles) an hour, equivalent to a Category 2 hurricane, according to the island’s weather agency, after weakening over the past 24 hours from super typhoon strength. The storm was around 260 kilometers southeast of Taipei’s Taoyuan International Airport as of 2:30 p.m. Friday local time, the bureau added.

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