Taiwan's stock market experienced heavy selling pressure today, with the Weighted Index plummeting over 1,600 points and the OTC index declining 6.75%. ABF substrate suppliers Nan Ya PCB, Unimicron, and King Yuan Electronics all suffered sharp declines exceeding 7%. This occurred despite Goldman Sachs' latest report expressing optimism about continued tight ABF substrate supplies and substantially raising price targets for these stocks.
ABF substrate suppliers are facing broad market weakness, overriding positive analyst calls and indicating that component demand alone cannot sustain valuations.