(Adds details of evacuations, storm headed for China)
By Rosemarie Francisco
MANILA, July 16 (Reuters) - A typhoon killed at least 10 people as it churned across the Philippines and hit the capital, prompting the evacuation of almost more than 370,000 people, shutting financial markets, offices and schools, rescue officials said on Wednesday.
The eye of Typhoon Rammasun, the strongest storm to hit the country this year, passed to the south of Manila on Wednesday after cutting a path across the main island of Luzon, toppling trees and power lines and causing electrocutions and widespread blackouts.
Richard Gordon, chairman of the Philippine National Red Cross, said there was minimal damage in the capital but staff were trying to rescue people trapped by fallen debris in Batangas City to the south where two people were electrocuted.
"We have not received reports of major flooding in Metro Manila because the typhoon did not bring rain, but the winds were strong," he said.
The number of evacuated people had reached more than 370,000, mostly in the eastern province of Albay, the first to be hit by the typhoon, the disaster agency said. They were taken to schools, gymnasiums and town halls converted into shelters.
Major roads across Luzon were impassable due to debris, fallen trees and electricity poles.
At least four southeastern provinces on Luzon declared, or were about to declare, a state of calamity, allowing the local governments to tap emergency relief funds.
The storm brought storm surges to Manila Bay and prompted disaster officials to evacuate slum-dwellers on the capital's outskirts.
Some 85 percent of areas serviced by the country's biggest power distributor, Manila Electric Co, in Luzon were without power and were unlikely to be back up within the day, a company spokesman said.
Parts of the Philippines are still recovering from Typhoon Haiyan, one of the biggest cyclones known to have made landfall anywhere. It killed more than 6,100 people last November in the central provinces, many in tsunami-like sea surges, and left millions homeless.
Tropical Storm Risk, which monitors cyclones, labelled Rammasun a category-two storm on a scale of one to five as it headed west into the South China Sea. Super typhoon Haiyan was category five.
But it predicted Rammasun would gain in strength to a category-three storm within a couple of days once it was back out at sea, picking up energy from the warm waters as it headed for the Chinese island of Hainan.
Rhea Catada, who works for Oxfam in Tacloban, which suffered the brunt of Haiyan, said thousands of people in tents and coastal villages had been evacuated to higher ground.
"They are scared because their experiences during Haiyan last year are still fresh," she said. "Now they are evacuating voluntarily and leaving behind their belongings."
Social Work Secretary Dinky Soliman said 5,335 families, or nearly 27,000 people, had been "affected" by the storm in Tacloban.
Some had returned to the Astrodome, where thousands sought shelter and dozens drowned during storm surges in the November disaster.
A 25-year-old woman was killed when she was hit by a falling electricity pole as Rammasun hit the east coast on Tuesday, the Philippine disaster agency said. A pregnant woman was killed when a house wall collapsed in Lucena City in Quezon province south of the capital.
The Philippine Stock Exchange and Philippine Dealing System, used for foreign exchange trading, were both shut.
More than 200 international and domestic flights have been cancelled.
A Singapore Airlines Boeing 777-200 suffered a hole on its left wing when wind gusts pushed the aircraft five metres across the tarmac at Manila airport, hitting equipment parked nearby, airport officials said.
(Additional reporting by Karen Lema and Manny Mogato; Editing by Nick Macfie)