Taiwan prepares for Typhoon Krathon as heavy rain and evacuations increase

Taiwan has shut down in preparation for Typhoon Krathon, which is bringing heavy rain and strong winds. One person has died, and hundreds of flights have been canceled. Schools, offices, and financial markets are closed, with over 10,000 people evacuated. The typhoon is expected to make landfall between Kaohsiung and Tainan early Thursday. Although it has weakened, officials warn of potential storm surges and flooding. Precautions are heightened due to memories of past devastating storms. Taiwan's defense ministry has placed over 38,000 troops on standby. TSMC, a major chipmaker, reported no significant impact on operations, as its factories are prepared for the storm.