On July 31, ASML Holding NV rose 4.04% in pre-market trading, trading at approximately 1702.0 USD/share, with turnover of 754.97 million USD, extending the rebound momentum from the previous two trading sessions.
The rally represents a continued technical recovery from prior oversold conditions. ASML had posted significant cumulative losses in July after reports emerged that a Chinese state-backed enterprise began mass-producing domestically developed immersion DUV lithography machines, with plans to produce approximately 5 units this year and scale to 20 units by next year. Analysts have noted that the selloff was overdone, as the domestic output remains vastly inferior to ASML's 131 immersion DUV systems delivered last year, with limited near-term fundamental impact.
Within the Semiconductor Equipment sector, broad recovery sentiment lifted the entire group. Among individual stocks, Applied Materials up 4.23%, Lam Research up 3.95%, MKS Instruments up 3.48%, KLA-Tencor up 3.41%, Teradyne up 3.3%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)