NEW : Storm about 200 km ( 124 miles ) southeast of Taipei , CNN report says . Taiwan : Flood and landslides occur already Friday morning . NEW : Airlines cancel flights ; schools , government offices , telephone exchange closed . Taiwan is vulnerable to flash flooding , mainly because mountains are near sea .
NEW : Storm about 200 km ( 124 miles ) southeast of Taipei , CNN meteorologist says . NEW : Mudslides and landslides occur already Friday morning . NEW : Airlines cancel flights ; schools , government offices , stock exchange closed . Taiwan is vulnerable to flash flooding , mudslides because mountains are near sea .