Quake Shakes Buildings in Taipei, Triggering Tsunami Warnings

-- Taiwan has been hit by the strongest earthquake in a quarter of a century, with shocks from the temblor leveling dozens of buildings on the eastern side of the island, injuring more than 50 people and disrupting some chip production lines.Trump Got His $175 Million Bond From a Billionaire Fan’s CompanyThe quake hit at 7:58 a.m. local time Wednesday and measured 7.

Market reaction to the quake was fairly muted Wednesday morning, with the Taiex Index down 0.7% by mid-morning local time. The Taiwan dollar was stable, trading flat against the greenback. Aftershocks could also be felt in Taipei, causing buildings to shake. The capital’s metro system resumed operation mid-morning after a brief suspension earlier.

Tsunami warnings were eventually wound back, with the one in Okinawa downgraded to an advisory. Disruptions were still felt in the area, though, with Japan Airlines and All Nippon Airways redirecting flights bound for Okinawa. ANA said it canceled 13 flights affecting more than 2,600 passengers. --With assistance from Yasufumi Saito, Michael Sin, Chien-Hua Wan, Abhishek Vishnoi, Argin Chang, Paul van Deventer, Ryotaro Nakamaru and Jing Li.SINGAPORE -The dollar was on the front foot on Wednesday, pinning the yen near its lowest its decades though the heightened threat of currency intervention by Tokyo capped further declines in the Japanese currency.

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