Markets, work suspended as Typhoon Gaemi barrels towards Taiwan

Financial markets will close and people given the day off work as Typhoon Gaemi barrelled towards Taiwan on Tuesday bringing strong winds and torrential rain.

Gaemi, the first typhoon of the season to affect Taiwan, is expected to make landfall on the northeast coast early evening on Wednesday, according to the island's Central Weather Administration.

Currently categorised as a medium-strength typhoon by Taiwan, it is then likely to move across the Taiwan Strait and then hit the southeastern Chinese province of Fujian on Friday.
Capital Taipei, as well as the neighbouring cities of New Taipei, Keelung and Taoyuan, will close schools and give people the day off on Wednesday, with the financial markets also closed.

Mandarin Airlines and Daily Air cancelled all domestic flights for Wednesday, while Eva Air announced at least 12 international flights were cancelled for the same day.

For the safety of our employees, PSA BDP's Taipei office will be closed on Wednesday, July 24. Our team will continue to actively monitor the situation and keep our customers apprised of any new developments.

In the meantime, please reach out to your local PSA BDP representative for any questions or concerns you may have.