LED manufacturing shares surge

At the end of trade, the LED sector saw significant strengthening in both price and volume indicators, as indicated by the influx of buy orders for Lexstar (隆達電子) from institutional investors. The boost locked Lexstar's shares at the maximum allowable 7-percent gain at NT$34.15 per share for the majority of yesterday's session, representing the highest mark in nine months.

Meanwhile, propelled by news of a maxed-out utilization rate, shares of EPILEDS (光鋐) also reached the maximum 7-percent allowable daily gain, surging NT$1.8 and closing at NT$27.6.

Shares of Edison-Opto (艾笛森), Genesis Photonics (新世紀), Everlight (億光), and Tyntek (鼎元) saw significant gains exceeding 4 percent at the end of yesterday's session, with FOREPI (璨圓) posting gains of over 6 percent.

The market has been reacting favorably toward industries related to renewable energy and energy efficiency — such as LED and solar power firms — in anticipation of the growing adoption of such related products, according to market observers.

Yesterday marked the second anniversary of the Fukushima Dai-ichi nuclear disaster in Japan, with many anti-nuclear demonstrations taking place over the weekend globally, including in Japan, Taiwan, Germany and France.

The migration toward LED technology for lighting applications is purported to represent the most accessible and cost-effective form of energy saving, in light of growing concerns over the risks of nuclear as a source of energy, in conjunction with renewable green energy sources including wind and solar.

The global market for high luminosity LEDs will reach US$11.29 billion this year, according to an analysis by DIGITIMES Research, as propelled by the global trend towards adoption of LED for lighting applications.

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