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.)