Taiwan Dollar Soars Most Since 1988 on Bets Trade War Will Ease

The Taiwan dollar surged the most in nearly four decades as a combo of upbeat growth data, bets on easing trade tensions and strong US tech earnings turbocharged currency gains.

It closed about 3% higher against the greenback at 31.06 on Friday, marking the currency’s largest one-day advance since 1988. The island’s benchmark stock index also climbed 2.7% to outperform the region’s equity gauges.

The Taiwan dollar, which rarely makes headlines, was at the center stage of currency market on Friday as sentiment toward the island’s assets dramatically improved after China said it’s assessing possible trade talks with the ...