Typhoon Wipha is expected to hit Taiwan tomorrow afternoon. What is the expected economical effect it will have? I remember that hurricane Katrina caused the oil prices to jump, so what happens if Wipha hits the Taiwanese industry?
Wipha already hit South Korea and there are over 20 people dead or missing, and there will probably be serious damage to infrastructure, but I don't think it's a very strong storm (it was still just a tropical storm yesterday) and the Taiwanese are well prepared, so I doubt if the effect will be dramatic.
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