Typhoon Bebinca struck Shanghai on Monday morning as a Category 1 storm, marking the most powerful storm to hit the city in over seven decades. The storm landed early Monday morning with wind speeds of nearly 100 mph, prompting the evacuation of over 400,000 residents. More than 1,400 flights have been canceled, and parks, businesses, and resorts were closed. The storm moved toward Jiangsu province by early afternoon, though rain persisted in Shanghai.
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00:00It's Benzinga, and here's what's on the block.
00:02Typhoon Babinka struck Shanghai on Monday morning as a Category 1 storm, marking the
00:06most powerful storm to hit the city in over seven decades.
00:10The storm made landfall early Monday morning with wind speeds of nearly 100 miles per hour,
00:15prompting the evacuation of over 400,000 residents.
00:18More than 1,400 flights have been canceled, and parks, businesses, and resorts were closed.
00:23The storm moved toward the Jiangsu province by early afternoon, though rain persisted
00:27in Shanghai.
00:28For all things money, visit Benzinga.com.