SK hynix ADR rose 27.29%, with a premium of more than 50% over its regular shares in South Korea

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BlockBeats message, July 15: just three days after SK Hynix ADR began trading, its premium over the stock listed in South Korea has already exceeded 50%. On Tuesday, SK Hynix ADR surged as much as 27.29% at the close; the day before, a record sell-off in the Korean stock market caused it to fall sharply by more than 9% during the U.S. trading session. Its ADR premium rate has now risen to about 51.5%, far above the 3% price gap set when it was issued last week.

According to a filing with the U.S. Securities and Exchange Commission, each SK Hynix ADR represents one-tenth of a common share. The Tuesday rebound came as SK Hynix ADR options began trading on the U.S. Options Exchange, making it easier for the world’s largest derivatives market trader to trade the company.

SK Hynix’s South Korea close on Tuesday was 1,913,000 won (about $1,284), and its ADR price closed on Tuesday at $193.92. Based on the fact that each SK Hynix ADR equals one-tenth of a common share, the $193.92 price is 51.5% higher than $128 ($1,284 divided by one-tenth).

SKHY26.29%
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