Movement Alert|ASE Technology Rises 3.32% Overnight, Technical Rebound Continues After Profit-Taking as Semiconductor Sector Strengthens

Market Focus
Jul 15

On July 15, ASE Technology rose 3.32% overnight, trading at $41.70/share, with turnover of $345,900.

On the news front, the stock is experiencing a technical rebound following several sessions of profit-taking. The company previously reported June consolidated revenue of NT$65.783 billion, up 32.9% year-over-year, with its core Assembly, Testing, and Material (ATM) business surging 41.8% YoY to NT$43.49 billion. After the initial earnings-driven single-day gain exceeding 10%, the stock underwent multiple days of selling pressure before stabilizing.

The medium-to-long-term bullish thesis remains intact as the company announced on July 1 that advanced packaging prices would be raised by over 20%, reflecting strong AI-driven demand. Institutions continue to view AI workload expansion as a sustained tailwind for advanced packaging services. The broader semiconductor sector also provided support, with Intel up 2.07%, Micron Technology up 1.46%, and Advanced Micro Devices up 0.75%.

(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.)

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