The TAIEX rose 122 points, or 0.3%, to close at a record 48,476 on Friday, extending gains from the previous two sessions and marking its third consecutive weekly advance. Energy and mineral stocks led the market, rising 6.1% as Formosa Petrochemical surged 6.2% on higher oil prices and strong refining margins. Producer manufacturing and process industries also advanced, while electronic technology gained 0.2%. TSMC fell 0.4% despite accounting for more than 40% of the market’s total value. The index followed an upbeat Wall Street session supported by easing Treasury yields and gained 0.9% for the week.