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🇹🇼 Taiwan /Economy & Trade

Nan Ya PCB Plunges to Limit Down on Heavy Trading, Sparking Online Fears: “Is the Ghost Story Back?”

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified Ongoing story
  • Nan Ya PCB shares fell to the daily limit after reports that fourth-quarter BT substrate prices may remain unchanged and utilization at its Kunshan plant needs improvement.
  • The stock reversed from a NT$25 opening gain to a low of NT$1,080, while trading volume more than doubled the previous day’s total by late morning.
  • The sharp decline triggered surprise and concern among investors on Taiwanese social media.

Nan Ya PCB opened higher on Sept. 3, then plunged to the daily limit as selling pressure quickly overwhelmed the stock. The IC substrate maker opened at NT$1,225, up NT$25, before falling steadily to an intraday low of NT$1,080.

Is the ghost story back?

· Online investorsA social media reaction to Nan Ya PCB’s sudden reversal and plunge to the daily limit.

The reversal followed market reports that prices for the company’s BT substrates could remain frozen in the fourth quarter. Investors were also watching the company’s Kunshan plant in China, where operating rates still need to improve. The market fears those factors could weigh on Nan Ya PCB’s gross margin in the third quarter.

Trading activity surged as the sell-off intensified. By about 11:09 a.m., more than 18,900 lots had changed hands, more than twice the 7,722 lots traded during the entire previous session. Sell orders queued at the limit-down price exceeded 600 lots.

I was still making money this morning, and now I’m taking a huge loss.

· Online investorA comment describing the sharp intraday reversal.

The abrupt move caught many investors off guard and quickly became a topic of online discussion. Comments included, “Is the ghost story back?”, “I was still making money this morning, and now I’m taking a huge loss,” and “Will it recover from the limit down today?” Other posts asked whether something had also happened at Nan Ya PCB, reflecting the market’s surprise at the sudden drop.

Will it recover from the limit down today?

· Online investorA comment expressing uncertainty about the stock’s immediate direction.
About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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