2/5/2025, 5:28:02 pm

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

The Taiwan dollar surged 3% to 31.06 against the US dollar, its largest one-day gain since 1988, driven by strong economic growth, easing US-China trade tensions, and optimism over US tech earnings. The benchmark stock index rose 2.7%, outperforming regional peers, as exporters sold dollars aggressively, amplifying the currency's rapid appreciation.