The benchmark Taiex Index rose 1.6 percent to 7,788.27, the biggest jump since Feb. 29. The gauge advanced 1.1 percent this week, the most in six weeks.
Light-emitting diode companies: Epistar Corp. (2448) (2448 TT) surged 6.9 percent to NT$80.20, the biggest advance since Feb. 22. Everlight Electronics Co. (2393) (2393 TT) jumped 6.9 percent to NT$65.50, the most since Feb. 21. The Ministry of Economic Affairs said in a statement yesterday the government is planning to replace current street lamps with LED models.
Largan Precision Co. (3008) (3008 TT) advanced 2.7 percent to NT$573, the highest close since March 30. The United Daily News said Largan’s second-quarter revenue may rise as much as 15 percent, citing analyst estimates. Chief Financial Office Lin En-Ping wasn’t immediately available for comment at his office.
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