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SK Hynix ADR falls by more than 9%, with the premium versus its South Korean shares narrowing to about 26%, dragging down storage-related stocks

金色财经_
Golden Finance reported that on July 15, SK hynix (SKHY.US) saw a sharp pullback today. In early trading, it fell by more than 9% at one point, with the low touching $176.01, narrowing the premium versus the Korean primary shares to about 26%. Other storage-related stocks also declined: SanDisk fell by more than 5%, Seagate Technology and Western Digital fell by more than 3%, and Micron Technology fell by more than 2%.
SK hynix’s U.S. depositary receipts (ADR) set a new intraday high in Tuesday’s session, rising 27.3% to close at $193.92, representing a 51% premium versus the Seoul share price (Sunday’s closing price).
SKHY-12.48%
SNDK-13.37%
STX-8.88%
WDC-9.51%
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