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Golden Ten Data May 28｜The Taiwan Stock Exchange Weighted Index dropped 2% to 43,370.34 points.

Golden Ten Data reported on May 28 that, according to foreign media, sources say the Japan government-backed fund Japan Investment Corporation (JIC) is considering selling chip materials manufacturer JSR. Two years ago, the institution privatized JSR in a $6 billion deal. Under the supervision of Japan's Ministry of Economy, Trade and Industry, JIC was established in 2018 to enhance Japanese competitiveness through corporate investments. According to insiders, both Fujifilm and Mitsubishi Chemical have expressed acquisition interest. Large-scale investment in the artificial intelligence field has driven up valuations for companies within the chip supply chain. JIC originally hoped to use JSR to promote consolidation in the materials industry, but is now considering taking advantage of the current favorable market environment to sell the company. Established in 1957, JSR is a leading manufacturer in the photoresist sector. Photoresist is used to transfer circuit patterns onto semiconductor wafers. In the fiscal year ending March this year, JSR achieved a net profit of 60.7 billion yen and revenue of 400.7 billion yen.

XRP fell below the $1.30 support level due to high trading volume sell-offs, leading to a shift in short-term market sentiment. Derivatives data show that futures interest is cooling off and trader confidence is weakening, but on-chain liquidity indicates that long-term accumulation continues. Analysts warn that the XRP price is approaching the bottom of a symmetrical triangle, and if it cannot recover the $1.30 level, it may further drop to the mid-$1.20s or around $1.10.