On August 18, Amkor Technology fell 6.07% in regular trading, trading at $57.41 USD/share, with turnover of $18.86 million.
The decline came amid broad weakness across the semiconductor equipment sector, driven by surging U.S. Treasury yields pressuring growth stock valuations. The 30-year U.S. Treasury yield climbed to 5.29%, its highest level since 2007, triggering selling across technology names. Within the sector, Applied Materials fell 5.06%, Lam Research dropped 5.53%, ASML declined 3.75%, KLA Corporation lost 3.52%, and AXT Inc fell 5.58%.
Amkor Technology had previously risen on news of a potential stake sale of its China business, valued at an estimated $1 billion to $1.5 billion, and a $1.5 billion multi-year AI chip packaging partnership with Nvidia announced in late July. However, broader macro headwinds overshadowed these positive catalysts during the session.
(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.)