Hynix rose yesterday, with the premium exceeding 50%, while the application for cross-conversion between the local shares and ADR won’t be able to be submitted until July 29. That’s also why the Hynix charts in South Korea and the US are completely inconsistent. A 50% premium is a bit too insane to be sustainable. But there’s still quite a lot of time until the 29th—during this period, I think it’s difficult for the ADR to keep rising. There will definitely be a lot of people doing arbitrage and taking profits. If you’ve made money on Hynix ADR, you can consider cashing out when it’s good.

Honestly, there are quite a lot of knowledge points inside a single ADR listing—there are plenty of playbooks, and many details are only visible in news reports after the fact. This is serious information asymmetry, and this money is not easy to make at all. 😅
Discord: in your profile, buy the dip, hold long term.