SK Hynix ADR Premium Over Korean Stock Narrows to 30.7%
On July 15, according to BIT (bit.com) market data, SK Hynix (SKHY) in pre-market trading on an exchange fell by 5.8%, with the current stock price at $182.6. According to Bitget market data, the closing price of SK Hynix on the Korean stock market today was 2,082,000 KRW, approximately $1,397. Given that each SK Hynix ADR is equivalent to one-tenth of the common stock, the price of $182.6 is 30.7% higher than $139.7 (one-tenth of $1,397), significantly narrowing from a premium of 51.5% at the close of an exchange this morning.
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