Taiwan shuts down as Typhoon Champi nears, nearly 1,000 flights cancelled
Taiwan largely shut down ahead of Typhoon Champi: hundreds of flights cancelled, TWSE closed, while TSMC says operations remain normal, according to Reuters.
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what happened
According to Reuters, almost all of Taiwan halted activity on Friday as Typhoon Champi approached. Strong winds and heavy rain were already hitting the island, and the storm, though weakening, could still make landfall. Taiwan's Central Weather Administration said gusts near the storm's centre reached about 191 kph.
One person died and 163 were injured. About 77,000 homes lost power temporarily, though supply was restored to most of them. The transport ministry said all 262 domestic and 717 international flights were cancelled. Taiwan's stock exchange, TWSE, was also closed. TSMC said its operations remained normal with no significant impact.
why it matters
For markets the main effect is logistical: the exchange closure and flight cancellations delay trading and shipments, yet TSMC reports no material disruption to chip production. If the storm slows, strong winds could last longer and infrastructure effects would become more pronounced.
market impact
Taiwan stocks: short-term trading and logistics disruption; TSMC so far without material impact
tags
instruments
sources
- Taiwan shuts down ahead of Typhoon Champi, nearly 1,000 flights cancelled — Reuters, 23 October 2026 at 10:51 UTC
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