SK Hynix shares dropped by 15.37% and ADR also fell by 9.37%.
SK Hynix's American Depositary Receipts (ADR) fell by 13% in the U.S. pre-market, while the Korean shares closed down by 9.37% at 15.37 won on the same day. The decline in the main shares has affected the ADR as well.1,845,000The drop in the main shares has impacted the ADR.
Get free SK하이닉스 email updates.
Bullstory sends one daily email when new analysis or important company news is available.
SK Hynix's American Depositary Receipts (ADR) fell by 13% in the U.S. pre-market, increasing concerns of losses for overseas investors.9.37Concerns are rising among overseas investors.
At that time, the ADR was trading at 8 dollars at 58 hour and 152.27 minute. Pre-market quotes reflect investor sentiment before the regular market opening.
In the Korean market, SK Hynix shares fell by 15.37% compared to the previous day, closing at 1,845,000 won. Despite significant intraday declines, the closing price remained at that level.
This week's drop has affected the prices of ADRs listed in the U.S., revealing a link between the markets. Prices of dollar-denominated products are following this week's trends.
Reports have suggested that the background of this drop is attributed to 'AI overheating theory.' It is said that the related controversy has reflected on investor sentiment.
Previously, on a certain date, SK Hynix listed its ADR at the offering price of a certain dollar amount. It has also been confirmed that volatility increased shortly after the listing.10 The time difference affects the price reactions.149The ADR is listed on NASDAQ, which has different trading hours than the domestic market.
The ADR is listed on NASDAQ, which has different trading hours than the domestic market. The time difference affects the price reactions.
Sources: 연합인포맥스
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.