🟢 ASX is trading 11.1% up today on a T$2.71 billion equipment expansion signaling chip-packaging demand

ASX is trading 11.1% up at $38.66 following news of a significant equipment expansion by its subsidiary, ASE Industrial Holding.

• Investors are reacting to a T$2.71 billion machinery purchase, which is being interpreted as a major vote of confidence in future demand for semiconductor packaging services.
• While broader market conditions are supportive with U.S. growth stocks leading, this double-digit surge is primarily driven by company-specific optimism regarding future capacity.