Movement Alert|ASE Technology Rises 7.82% in Regular Trading, Semiconductor Sector Rally Lifts Previously Oversold Stock

Market Focus07-21

On July 21, ASE Technology rose 7.82% in regular trading, trading at $39.55/share, with turnover of $40.05 million.

On the news front, the semiconductor sector staged a broad rally, with SK Hynix up 8.37%, Micron Technology up 7.91%, Intel up 5.68%, and Advanced Micro Devices up 5.16%, creating strong sector tailwinds that propelled individual stock recovery. The company announced on July 1 an advanced packaging price hike of over 20%, and this mid-to-long-term pricing logic remains intact.

ASE Technology had previously reported June revenue growth of 32.9% year-over-year to NT$65.783 billion, with core ATM business surging 41.8% year-over-year. After a single-day gain exceeding 10% on that news, the stock had undergone multiple consecutive sessions of profit-taking correction. With selling pressure now largely absorbed and valuations becoming more attractive post-pullback, the systematic sector strength triggered a strong technical rebound.

(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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