Taiwan orders markets, schools closed as strong typhoon approaches

YILAN, Taiwan (Reuters) - Taiwan shut down its financial markets and ordered schools closed on Monday as a typhoon approached its northeastern coast, while airlines cancelled more than 150 flights amid warnings of floods and high winds.

Typhoon Mitag, categorised by Taiwan's weather bureau as at the second-strongest typhoon level, was expected to approach the coast of Yilan county with maximum winds of 162 kmph (100 mph) on Monday night.