Taiwan’s Exchange Loses Second Day’s Trading as Typhoon Gaemi Strikes

(Bloomberg) — Taiwan’s $2.5 trillion stock market will lose a second day’s trading when it remains closed on Thursday as the deadly Typhoon Gaemi approaches after inundating the Philippines.

Gaemi grew into a super typhoon on its way to Taiwan on Wednesday, forcing the capital Taipei to close schools, offices and the stock exchange as a preventive measure. With sustained winds of up to 185 kilometers (115 miles) an hour, Gaemi has led to flight and ferry cancellations, and prompted Taiwan leader Lai Ching-te to urge residents in low-lying areas and places prone to landslides to evacuate their homes.