SK Hynix’s U.S. stock debut 13surged, buoyed by strength in New York equities
New York stocks 10ended the session on a strong note, and SK Hynix’s American depositary receipts (ADRs) closed their first day at a price roughly 13above the offer price. President Donald Trump’s declaration that the ceasefire had ended briefly jolted the market, but strength returned after it was confirmed that the U.S. and Iran would continue end-of-war talks.
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On Wall Street, 3major indices 10closed stronger for the day. The news became an important screen for Korean investors checking the direction of the U.S. market.
A sudden shock hit intraday after U.S. President Donald Trump declared that the ceasefire with Iran was over. Investor sentiment then turned bullish again once it was confirmed that the United States and Iran would continue negotiations to end the war.
The U.S. bond market fell as shorter-maturity bonds underperformed relatively, flattening the yield curve. 10The yield on the 2.90-year Treasury note rose 4.5680bp from the previous day to trade at
As remarks emerged that Japan’s finance minister would seek to increase domestic investment, concerns were raised about reduced buying of U.S. Treasurys. The remarks acted as a variable affecting bond demand during the session.
At the New York Stock Exchange, the Dow Jones30Industrial Average rose 149.60points from the previous session and closed at 52,637.01. The tech-heavy Nasdaq extended its gains for a third straight day.
The American depositary receipt (ADR) of SK hynix, listed on Nasdaq, ended its first day of trading at a price about higher than the offering price.13Some reports also said the first-day closing price was more than higher than the offering price.12.
Sources: 연합인포맥스
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