Super Typhoon Krathon is barreling toward Taiwan, with satellite images showing the massive storm system bearing down on the island. Taiwan's Central Weather Administration (CWA) predicts that Krathon,

Taiwan will close its $2.5 trillion stock market as Super Typhoon Krathon approaches the island with strong winds and heavy rain.

The storm is expected to bring torrential rain this week to Taiwan’s southwest, including Kaohsiung, the island’s third-largest city.

Follow our live coverage of Typhoon Krathon. “The impact is getting bigger and bigger,” said Gene Huang, forecaster at the CWA, pointing to threats to Taiwan’s southwest and

Taiwan’s authorities shuttered some schools and canceled domestic flights as an intensifying Typhoon Krathon moves toward the island while bringing violent wind and rain to the Philippines.

Eyewitness video shows heavy rain and strong winds lashing Basco in the Philippine province of Batanes. Video credit: Dennis Valdez

Typhoon Krathon, known as Julian in the Philippines, intensified on Sunday, September 29, bringing heavy rainfall and causing flooding and landslides in the country. The Philippine weather agency stated that it could reach super typhoon status and placed alerts on several islands.

A powerful typhoon has lashed the Philippines and is now churning towards Taiwan, prompting warnings and flight cancellations.Krathon has been upgraded to a strong typhoon, with sustained winds reaching up to 175 kmph (109 mph) and gusts as high as 215 kmph (133 mph).