On October 31, 2024, Taiwan has halted trading on its $2.5 trillion stock market in anticipation of Super Typhoon Kong-Rey, which is expected to directly impact the island.
The typhoon is reported to have maximum sustained winds of 51 meters per second (114 miles per hour) and is forecasted to make landfall on the east coast on Thursday afternoon, according to the local weather bureau. Kong-Rey is classified as a Category 3 hurricane on the Saffir-Simpson scale.