SK Hynix ADR offering oversubscribed as KOSPI fluctuates
SK Hynix's American depositary receipt (ADR) offering was oversubscribed. On the same day, the KOSPI opened at 7,452.48before falling, but later fluctuated as it recovered the 7,700line. Samsung Electronics was down in the early session by 3%, while securities firms lowered their target prices for the semiconductor and automobile sectors.
Get free SK하이닉스 email updates.
Bullstory sends one daily email when new analysis or important company news is available.
SK Hynix recorded an oversubscription in its 2026-07-08 U.S. American depositary receipt (ADR) offering. On the news, SK Hynix shares strengthened, rising by 4% during the session.
The KOSPI plunged early on the same day and opened at 7,452.48and, on an index basis, fell 203.83points (2.66%). Samsung Electronics started the session down by 3%.
Later in the session, the index showed signs of recovery on dip-buying, with periods in which it again crossed the 7,700line. However, some securities firms lowered their target prices for Samsung Electronics and Hyundai Motor, citing conditions in the semiconductor and automobile industries.
Shinhan Securities forecast that the KOSPI may remain range-bound for the time being. Kiwoom Securities said it lowered its target prices for related large-cap stocks, citing a moderation in the growth pace of the semiconductor and automobile sectors.
Market participants continued short-term trading based on the results of ADR public offerings, large-cap companies’ earnings, and securities firms’ analyses. The schedules for relevant disclosures and the release of securities firms’ reports remain key information for investment decisions.