Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

Taiwan hit by strongest quake in 25 years, buildings damaged

by April 3, 2024
April 3, 2024
Taiwan hit by strongest quake in 25 years, buildings damaged

TAIPEI – A 7.2 magnitude earthquake rocked Taiwan on Wednesday, the strongest tremor to hit the island in at least 25 years, shaking buildings from their foundations and sparking a tsunami warning for the islands of southern Japan and the Philippines.

Taiwan television stations showed footage of buildings at precarious angles in the sparsely populated eastern county of Hualien, near the quake’s epicenter.

Local media said some people were trapped, but there were no immediate reports of deaths or injuries.

The quake, which knocked out power in several parts of the capital Taipei, hit at 07:58 a.m. (2358 GMT) at a depth of 15.5km (9.6 miles) just off the eastern coast of Taiwan, according to Taiwan’s Central Weather Administration.

Japan’s weather agency said several small tsunami waves reached parts of the southern prefecture of Okinawa, and later downgraded the earlier tsunami warning to an advisory. It revised the magnitude to 7.7.

The Philippines Seismology Agency also issued a warning for residents in coastal areas of several provinces, urging them to evacuate to higher ground.

The quake was felt in Shanghai, a Reuters witness said. Chinese state media said it was also felt in Fuzhou, Xiamen, Quanzhou and Ningde in China’s Fujian province.

Aftershocks could still be felt in Taipei, according to a Reuters witness, with at least 25 aftershocks registered so far, according to Taiwan’s central weather administration.

China Earthquake Networks Center recorded five aftershocks of around 5 magnitude in Taiwan within an hour after the initial quake.

The Taipei city government has not received any reports of damage and the city’s MRT was up and running soon after, while electricity operator Taipower said more than 87,000 households in Taiwan were still without power.

Taiwan’s high speed rail operator said no damage or injuries were reported on its trains, but noted trains will be delayed while it carries out inspections.

Southern Taiwan Science Park, where semiconductor giant Taiwan Semiconductor Manufacturing Co has a plant, said companies were operating without impact.

TSMC said its safety systems are operating normally.

“To ensure the safety of personnel, some fabs were evacuated according to company procedure. We are currently confirming the details of the impact,” according to the company.

Shares of TSMC were down 1.4% in early trade, while Apple supplier Foxconn’s stock fell more than 2% and shares of flat panel maker Au Optronics dropped 1.7%.

Taiwan’s official central news agency said the quake was the biggest to hit the island since 1999 when a 7.6 magnitude tremor killed around 2,400 people and destroyed or damaged 50,000 buildings in one of Taiwan’s worst-recorded quakes.

Taiwan’s Central Weather Administration said the earthquake registered the second-highest intensity of an “Upper 6” in Hualien county, on the 1-7 intensity scale.

In an Upper 6 earthquake, most unreinforced concrete-block walls collapse and people find it impossible to remain standing or move without crawling, the Japan Meteorological Agency says. — Reuters

previous post
Biden, Xi call navigates Philippines and Taiwan tensions
next post
Powerful quake jolts Taiwan

Related Posts

New Zealand scraps world-first ban on tobacco sales...

February 27, 2024

RBC unit City National Bank cuts nearly 100...

February 15, 2024

Israel must change course in Gaza to keep...

March 12, 2024

UN data: Global patent filings drop nearly 2%...

March 7, 2024

Egypt secures IMF deal after pound plunge, bumper...

March 6, 2024

Biden, Trump clinch nominations, kicking off bruising presidential...

March 13, 2024

UK royal Kate ‘enormously touched’ by support after...

March 24, 2024

Opposition win in South Korea election to deepen...

April 11, 2024

Senate Republican leader backs legislation to force Chinese...

April 9, 2024

Indonesia counts votes in presidential race amid calls...

February 14, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Time for Israel to take out ‘head of the snake,’ target members of Iranian regime, says former IDF intel chief

      June 14, 2025
    • Israeli official vows ‘We have more surprises coming up’ for Iran following wave of airstrikes

      June 14, 2025
    • ‘All-in’: GOP lawmakers divided on US involvement as Trump pushes Iran for diplomatic end

      June 14, 2025
    • Democratic lawmakers criticize Israel’s defensive strikes against Iran’s nuclear sites

      June 13, 2025
    • Israel’s drone strikes in Iran show why US must halt China’s land grab here: experts

      June 13, 2025
    • Biden-appointed judge thwarts Trump’s attempt to clean house at consumer safety agency

      June 13, 2025

    Categories

    • Business (1,261)
    • Politics (5,976)
    • Stocks (904)
    • World News (457)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved