Super Typhoon Champi, a Category 5-equivalent storm with winds up to 290 km/h, is moving northwest and expected to impact Taiwan and China within days. It will skirt the northern Philippines before turning northward, bringing severe winds and rain to Shanghai, Japan, and other coastal regions. Though weakening, it will still be a severe tropical storm upon landfall in Japan.
The storm is part of a dangerous El Niño-driven surge of typhoons across the Pacific, causing billions in damage. The Philippines’ disaster agency warns of heavy rain in northern provinces Wednesday-Thursday, with potential for landslides in mountainous areas. Taiwan’s Central Weather Administration forecasts the storm’s closest approach Friday-Saturday, bringing strong winds and rain to northern and eastern regions, with possible sea and land warnings by Wednesday night and Thursday.
Taipei Mayor Chiang Wan-an says the city will decide by Thursday night whether to close offices and schools, potentially halting Taiwan markets. Authorities across East Asia are on high alert as Champi approaches.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing