Taiwan Shuts Exchanges, Businesses as Typhoon Strikes

From Bloomberg:

Taiwan’s government ordered financial markets and businesses to shut and closed schools as Typhoon Fung-Wong struck the island, bringing torrential rains and winds gusting at 155 kilometers (96 miles) an hour.

One man was killed and six others injured as of 5 p.m. today, said the National Fire Agency, which coordinates the island’s rescue missions.

Fung-Wong, Chinese for Phoenix, made landfall early today and is packing sustained winds of 119 kilometers per hour, the Central Weather Bureau said. The eye of the typhoon had left the island as of 2:30 p.m., and was located 180 kilometers south off the coast of Matsu island in the Taiwan Straits, the bureau said.



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