Shanghai was brought to a standstill on Monday by what authorities say was the strongest typhoon to directly hit the Chinese financial hub in more than seven decades, with flights, trains and highways suspended during a national holiday.

The normally-bustling financial hub of Shanghai was brought to a standstill on Monday as residents sheltered at home to wait out the worst of Typhoon Bebinca. The Category 1 storm, which made landfall in Shanghai on Monday morning,

The storm comes on the heels of Typhoon Yagi, which devastated Vietnam and brought manufacturing and international shipping hubs in Southern China to a standstill for days. Severe weather whiplash is a growing concern for China’s food security and manufacturing sector,

Beijing says Manila’s actions in disputed waters ‘have seriously infringed on China’s territorial sovereignty’

The Philippines sent the Teresa Magbuana to the Sabina Shoal last April to deter China from seizing the reef, which it claims historic rights over. Beijing claims almost the whole of the South China Sea as its maritime waters,

Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records. Hong Kong’s Hang Seng dropped 0.