Taiwan’s financial markets will remain closed on Friday after the Taipei City Government ordered the suspension of work and classes in anticipation of Typhoon Bavi. The Taiwan Stock Exchange confirmed that all trading will be halted, with settlements originally scheduled for Friday deferred to the next business day. The closure will temporarily stop trading and delay settlement across the island’s capital markets.
Ahead of the shutdown, Taiwan’s benchmark stock index fell 0.8% on Thursday to close at 45,352, extending its weekly decline to 3.0% amid cautious sentiment. The pullback underscored broader risk aversion, as investors also weighed external uncertainties, including global trade developments and expectations for major central bank policy, before markets pause for the approaching storm.
