Huo Xing Finance reports that, on July 15, according to BIT (bit.com) market data, pre-market trading for SK Hynix (SKHY) fell 5.8%, with the stock currently trading at $182.60. According to market data, SK Hynix’s closing price in South Korea today was KRW 2,082,000, approximately $1,397. Given that one share of SK Hynix ADR represents one-tenth of a common share, the $182.60 price is 30.7% higher than $139.70 (one-tenth of $1,397), a significant narrowing from the 51.5% premium seen at yesterday’s U.S. market close.
SK Hynix ADR premium narrows to 30.7% against Korean stock
MarsBitShare
Summary
On July 15, the premium of SK Hynix ADRs over their Korean stock price declined to 30.7%. SK Hynix (SKHY) dropped 5.8% in pre-market U.S. trading to $182.6, while the Korean stock closed at KRW 2,082,000 ($1,397). Each ADR represents one-tenth of a share, resulting in an ADR price of $182.6 compared to $139.7 for the underlying Korean stock. The premium has fallen from 51.5%. Traders are monitoring altcoins as crypto price dynamics shift.
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