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Taiwan's $5 trillion stock market closed on Friday as Typhoon Champi approached.
The Taiwan Stock Exchange announced it will close on Friday, October 23, due to the approaching Typhoon Champi. The typhoon is expected to bring heavy rain and strong winds, prompting the Taipei city government to close offices and schools. Although the typhoon has weakened from its super typhoon status, its maximum sustained winds are still 213 kilometers per hour, equivalent to a Category 4 hurricane.
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