Taiwan Stocks: Everlight Electronics, Formosa Epitaxy, Largan
The benchmark Taiex Index rose 0.3 percent to 7,605.
Everlight Electronics Co. (2393) (2393 TT) increased 2.7 percent to NT$63.90. Formosa Epitaxy Inc. (3061) (3061 TT) climbed 2.2 percent to NT$25.85. Demand for light-emitting diodes surged after Taiwan raised electricity prices for the first time in more than three years, the Economic Daily News reported, without saying where it got the information.
Largan Precision Co. (3008) (3008 TT) advanced 2 percent to NT$560. The lens company was raised to neutral from sell at UBS AG, with a price target of NT$560. This means investors should hold the same proportion of the stock that is represented in benchmark indexes.
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