XM does not provide services to residents of the United States of America.

Taiwan girds for weakening Typhoon Krathon, shuts down for second day



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Taiwan girds for weakening Typhoon Krathon, shuts down for second day</title></head><body>

Krathon weakening, to make landfall midday Thursday

Typhoon to track up Taiwan's western plain

Two people reported dead

Government warns of storm surge along coast

Flights grounded, financial markets shut for second day

Adds details on storm, paragraphs 2, 6, quote from resident, paragraph 4, transport disruption, paragraph 7, graphics available

By Yimou Lee, Fabian Hamacher and Ann Wang

KAOHSIUNG, Taiwan, Oct 3 (Reuters) -Taiwan on Thursday girded itself for the arrival of a weakening Typhoon Krathon, which has killed two people so far, as the island shut down for a second day with hundreds of flights grounded and financial markets closed.

Krathon is forecast to make landfall as a much weaker category 2 typhoon around midday at the major southwestern port city of Kaohsiung. The government, though, is still warning of torrential rain and storm surges coinciding with high tide.

Shortly after dawn, residents in Kaohsiung, a city of some 2.7 million people, received texted warnings telling them to seek shelter from gusts of more than 160 kph (100 mph).

"It's so windy now that I do not dare to go out and inspect my neighbourhood," said Lin Tsai-wang, a resident of the downtown Sanmin district.

The fire department reported two deaths as the approaching typhoon brought torrential rains across the island. Both fatalities were on the mountainous and sparsely populated east coast, one man falling while trimming a tree and another man whose vehicle was hit by a falling rock.

The typhoon is forecast to slowly work its way up Taiwan's flat western plain and weaken further into a tropical depression by late Friday before reaching the capital Taipei.

All domestic flights were cancelled for a second day, as well as 236 international ones. The north-south high speed rail line suspended services from central to southern Taiwan until early evening.

Taiwan's financial markets also closed for a second day.

Typhoons often hit Taiwan's east coast facing the Pacific, but Krathon is unusual in that it will directly hit the west coast.

The Kaohsiung government has been particularly cautious in its preparations given that the last time it was struck by such a storm in 1977, Typhoon Thelma killed 37 people and devastated the city.


Typhoon Krathon approaches Taiwan https://reut.rs/3Ne3gpn

Typhoon Krathon to hit Taiwan's west coast https://reut.rs/3ZJY8kB


Reporting by Yimou Lee, Fabian Hamacher and Ann Wang; Writing by Ben Blanchard; Editing by Himani Sarkar and Tom Hogue

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.