By Yimou Lee, Fabian Hamacher and Ann Wang KAOHSIUNG, Taiwan (Reuters) -Taiwan shut down on Wednesday, grounding hundreds of flights and closing schools, offices and financial markets ahead of the arrival of a weakening Typhoon Krathon,

Typhoon Krathon tracked toward Taiwan with strong winds and heavy rain, with the storm set to make landfall early Thursday and potentially keep the island’s $2.5 trillion stock market closed for a second day.

Super Typhoon Krathon is barreling toward Taiwan, with satellite images showing the massive storm system bearing down on the island. Taiwan's Central Weather Administration (CWA) predicts that Krathon,