Movement Alert|ASE Technology Falls 3.14% in Regular Trading, Profit-Taking After Previous Sessions 10% Surge on Strong June Revenue

Market Focus
Jul 10

On July 10, ASE Technology declined 3.14% in regular trading, trading at $41.575/share, with turnover of $25.75 million.

The pullback follows the previous trading session's surge of over 10%, which was driven by the company's disclosure of June consolidated net revenue of NT$65.78 billion, representing a 32.9% year-over-year increase. The core ATM (assembly, testing, and material) business posted even stronger growth of 41.8% YoY to NT$43.49 billion, significantly exceeding market expectations. The sharp rally created short-term profit-taking pressure.

On the sector front, semiconductors were broadly under pressure on July 10, with Intel down 3.82%, Micron Technology down 2.34%, and Taiwan Semiconductor Manufacturing down 1.38%. The company previously announced on July 1 an advanced packaging price hike exceeding 20% covering CoWoS and FoCoS technologies, with the medium-to-long-term pricing logic unchanged despite the near-term technical correction following consecutive sharp gains.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10