ASX is trading 4.2% down at $40.11 in pre-market as investors weigh record 2026 capital spending plans against a recent sharp rally.
- The stock is pulling back after a volatile week of double-digit swings driven by AI-related semiconductor optimism and ASE Technology’s expansion plans.
- Today’s decline is viewed as profit-taking and a reassessment of the aggressive capex ramp rather than a new negative company-specific shock.