Movement Alert|ASE Technology Falls 3.59% in Pre-Market Trading, Profit-Taking Continues After Prior 10% Surge Amid Broad Semiconductor Weakness

Market Focus
Jul 13

On July 13, ASE Technology fell 3.59% in pre-market trading, trading at $41.13/share, with turnover of approximately $519,800.

On the news front, the stock continues to face profit-taking pressure following a single-day surge of over 10% on July 9, when the company reported June consolidated revenue of NT$65.78 billion, up 32.9% year-over-year, with core ATM business revenue surging 41.8% to NT$43.49 billion. The stock has pulled back over multiple consecutive sessions as short-term gains are digested. The broader semiconductor sector remains under pressure, with Micron Technology down 6.17%, Intel down 3.51%, AMD down 3.26%, NVIDIA down 1.95%, and Broadcom down 1.75%, weighing on sentiment.

The company announced on July 1 an advanced packaging price increase of over 20% covering CoWoS and FoCoS products. While the medium-to-long-term pricing thesis remains intact, the short-term technical correction continues to absorb the prior rally.

(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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