Typhoon Krathon tracked slowly toward Taiwan, with the storm set to weaken before making landfall on Thursday morning and potentially keep the island’s $2.5 trillion stock market closed for a second day.

Taiwan shut down schools and closed its financial markets on Wednesday as Typhoon Krathon pounded its south and east with torrential rains and winds ahead

The government in the key port city of Kaohsiung has told people to stay at home. Read more at straitstimes.com.