LG Display, AU Rise As Quake Disrupts Corning Plant

Date: 13 August 2009
Source: Bloomberg
Aug. 12 (Bloomberg) -- LG Display Co. and AU Optronics Corp. led shares of liquid-crystal-display makers higher on speculation panel prices will extend gains after an earthquake shook Japan, disrupting production at glass maker Corning Inc.

LG Display, the world’s second-largest LCD producer, climbed 2 percent to a one-week high at 11:33 a.m.Seoul time, bucking the drop in South Korea’s benchmark Kospi index. AU and Chi Mei Optoelectronics Corp., Taiwan’s two biggest LCD makers, advanced in Taipei. Nippon Electric Glass Co., which competes against Corning, rose 4.5 percent, the most in almost a month.
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