Early in the morning, local time, the strongest earthquake in 25 years hit Taiwan.
According to Bloomberg the quake's epicenter had a magnitude of 7.4.
Four are confirmed dead with hundreds injured.
The earthquake has led to a tsunami warning for Japan and the Philippines.
The world's largest chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) has evacuated their staff and halted some machinery, before starting to return a couple of hours later, writes CNBC.
TSMC stocks has dipped 1.27% following the earthquake and the TSEC Weighted Index fell as much as 0.9%.
According to the Taiwan Stock Exchange Corporation, the magnitude of the earthquake in Taipei, the capital of Taiwan, was 5.
This is a developing story.