SK Hynix ADR premium over Seoul shares narrows to 30.7%
SK Hynix’s U.S.-listed ADR moved lower in premarket trading on July 15, trimming the gap with the company’s Seoul-listed shares. According to market data from BIT (bit.com), the ADR, traded under ticker SKHY, was down 5.8% in premarket and changed hands at $182.6. Bitget data showed SK Hynix shares in South Korea closed at 2,082,000 won, or about $1,397. Based on the conversion that one SK Hynix ADR represents one-tenth of an ordinary share, the equivalent value of the Korean stock comes to $139.7 per ADR unit. That puts the U.S. ADR at a 30.7% premium to the underlying share value. The premium had been 51.5% at the close of the U.S. market earlier in the day, meaning the spread narrowed sharply in premarket trading. The figures cited were attributed to BIT and Bitget market data in a BlockBeats report.








