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On July 8, UBS Group issued an investment recommendation advising investors to buy SK Hynix American Depositary Receipts (ADRs) while selling its Korea-listed shares. The bank noted that the ADRs, which will be listed on Nasdaq on the 10th, will improve accessibility for foreign investors and are expected to trade at a premium on their first day of listing. This is not my opinion, but UBS's. In fact, the oversubscription of SK Hynix's US stock already shows that the fundamentals of memory remain intact.