Typhoon Megi moves on to China after killing four in Taiwan

[TAIPEI] Typhoon Megi churned into southern China on Wednesday after leaving four dead in Taiwan and knocking out power to millions.

At least 523 people were reported injured in Taiwan, the island's emergency operation centre said, as the storm blew people off their feet and produced seven-meter (23-foot) waves, images on Cti Television showed.

About 14,000 people were evacuated, according to the centre.

More than 3.7 million households lost electricity, state-owned utility Taiwan Power said.

Financial markets were shut for a second day in Taipei, as most other cities and counties in Taiwan kept schools and offices closed.

The storm made landfall in China's southeastern province of Fujian at 4.40am with winds up to 118.8 kilometres per hour, China's meteorological administration said on its website.

It raised a red alert, the highest of a four-tiered system.

Heavy rains are forecast to continue until Thursday morning in the southern provinces of Fujian, Zhejiang, Jiangxi and parts of Guangdong.

BLOOMBERG