Big bubble in little China

Taiwan, Singapore, Australia, Romania, and the US.

Prosperity on South Street, Kuo Hsueh-Hu, 1930, gouache on silk, Taipei Fine Arts Museum, Taiwan.

The five things you need to know today:

• TAIWAN. A currency spike suggests something’s amiss.

• SINGAPORE. The electorate sticks with the party they know best.

• AUSTRALIA. Economic anxiety delivers a government landslide.

• ROMANIA. A first-round victory for the hard…