SK Hynix ADR’s premium over its ordinary shares in South Korea is close to 50%.

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Golden Finance reported that on July 15, just three days after SK hynix ADR began trading, the premium versus its South Korean-listed shares has surged to nearly 50%. On Tuesday, the SK hynix ADR jumped as much as 23%, after a record selloff in the Korean stock market the previous day led to a sharp drop of more than 9% during U.S. trading hours. The ADR premium rate has now risen to about 46%, far above the 3% price gap set last week at issuance. According to a filing with the U.S. Securities and Exchange Commission, each SK hynix ADR is equivalent to one-tenth of a common share. Tuesday’s rebound occurred as options on the SK hynix ADR began trading on the U.S. Options Exchange, making it easier for the world’s largest derivatives market trader to trade the company.
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