Work and classes have been canceled across the nation today because of Typhoon Krathon, with residents in the south advised to brace for winds that could reach force 17 on the Beaufort scale as the Central Weather Administration (CWA) forecast that the storm would make landfall there.

The storm is expected to bring torrential rain this week to Taiwan’s southwest, including Kaohsiung, the island’s third-largest city.

Krathon is forecast to hit the major port city of Kaohsiung early on Wednesday, then work its way across the centre of Taiwan heading northeast and cross out into the East China Sea, the Central Weath

Taiwan will close its $2.5 trillion stock market as Super Typhoon Krathon approaches the island with strong winds and heavy rain.

Taiwan oil refiners are bracing for heavy rain and winds ahead of super Typhoon Krathon's anticipated landfall, with the storm likely to delay some fuel shipments and prolong maintenances, while key ports are shut,