---
title: "Weekly Recap | ASX.US +3.48%, a quiet low-volume advance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297387029.md"
description: "Advanced Semiconductor Engineering (ASX) rose 3.48% this week to close at $37.78, outperforming the S&P 500’s 0.49% gain by 2.99 percentage points. The week started weak: Monday (24 Aug) dipped to $35.78 and closed at $36.24, before recovering through Tuesday and Wednesday. Thursday (27 Aug) rallied to $39.00, and Friday (28 Aug) touched a weekly high of $39.065 before pulling back to close at $37.78. The week’s range was 8.98%, while average daily volume of 5."
datetime: "2026-08-29T05:17:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297387029.md)
  - [en](https://longbridge.com/en/news/297387029.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297387029.md)
generator: "portal-rs"
---

# Weekly Recap | ASX.US +3.48%, a quiet low-volume advance

## The Week

Advanced Semiconductor Engineering (ASX) rose 3.48% this week to close at $37.78, outperforming the S&P 500’s 0.49% gain by 2.99 percentage points. The week started weak: Monday (24 Aug) dipped to $35.78 and closed at $36.24, before recovering through Tuesday and Wednesday. Thursday (27 Aug) rallied to $39.00, and Friday (28 Aug) touched a weekly high of $39.065 before pulling back to close at $37.78. The week’s range was 8.98%, while average daily volume of 5.60m shares ran roughly 45% below the 60-day median, pointing to a quiet, low-volume advance. No major company-specific catalyst emerged this week; the move largely tracked semiconductor and tech sentiment.

## Analyst Ratings

Coverage is thin: one broker currently rates the stock buy. The consensus recommendation skews strongly positive, with a consensus target of $48, about 27.05% above the latest close of $37.78. The target range is a single point at $48, reflecting the very narrow coverage rather than a genuine spread of views. Within the semiconductor manufacturer industry, ASX ranks 77 out of 77 by analyst rating, compared with an industry average of 14 covering brokers and a median of 9, so the single rating carries limited weight.

## The Week Ahead

A heavy round of US macro data lands next week. The Dallas Fed manufacturing index arrives on Monday 31 Aug (prior 1.3), followed on Tuesday 1 Sep by the S&P Global manufacturing PMI final, ISM manufacturing PMI (prior 55.6, consensus 55.2), and JOLTS job openings (prior 7.359m, consensus 7.3m). Wednesday 2 Sep brings ADP private payrolls (prior 44k, consensus 47k) and factory orders (prior -0.3%, consensus 0.6%). Semiconductors are sensitive to rates and manufacturing conditions, so these prints could sway the tape after the break. No company-specific earnings are scheduled.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [ASX.US](https://longbridge.com/en/quote/ASX.US.md)

## Related News & Research

- [ASE Technology Holding Co Ltd Stock (ASX) Moved Up by 3.85% on Oct 19: A Full Analysis](https://longbridge.com/en/news/302309811.md)
- [Gunderson Capital Management LLC Makes New $9.30 Million Investment in ASE Technology Holding Co., Ltd. $ASX](https://longbridge.com/en/news/302008248.md)
- [Top Executive Makes Bold Move With Major ASE Technology Stock Sale](https://longbridge.com/en/news/301914320.md)
- [Chief Administration Officer At ASE Technology Holding Co Sells $2.26M Of Stock](https://longbridge.com/en/news/301861782.md)
- [AI fever ignites a boom in thematic ETFs as fund managers hunt for their next big hit](https://longbridge.com/en/news/302963080.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**