The premium on SK hynix ADR narrowed by 4 percentage points on July 28; whales exited the long-short spread trading.

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Hynix ADR Premium Narrows 4 Percentage Points on July 28; Whale Exits Long-Short Spread Trade
According to Hyperinsight, on July 28, Hynix Korean stock SKHX traded at $1,069.50 on Hyperliquid, while its U.S. ADR contract SKHY traded at $137.91. The ADR equivalent price of $1,379.10 represents a 28.9% premium over SKHX, narrowing by approximately 4 percentage points from 33.0% the previous
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