Taipei - Taiwan stocks rose nearly 4 per cent Friday on an overnight rally on Wall Street and in expectation of expanded Taiwan-China exchanges.

The Taiex index soared 187.02 points, or 3.99 per cent, to close at 4,870.6.

Analysts attributed the surge not only to Thursday's rally on Wall Street, where the three major indices rose more than 2 per cent, but also to China's promise to ease restrictions on mainlanders visiting Taiwan.

Taipei and Beijing were expected to discuss expansion of cross-strait ties - including direct sea links, direct postal service and expanding weekend charter flights into daily charter flights - during talks next week in Taipei. (dpa)