SK Hynix ADRs plunge in pre-market by a percentage,9impacting the main stock in Korea by a percentage on the same day.15The day the sharp drop crossed over to the US.
SK Hynix's American Depositary Receipts fell by about a percentage in the pre-market.13On the same day, the main stock in Korea dropped by a percentage, directly affecting the ADR.9The ADR started trading at the offering price of dollars on the day it was issued,15.37with a total offering size of million dollars.10C149D265E1000F
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15.37C/blog-images/gen-cf9a5b88-964c-4631-831f-a1532cd4c8f0.jpgD
SK Hynix's American Depositary Receipts (ADRs) dropped by a percentage compared to the previous close in the pre-market.13The same day, the main stock in Korea fell by a percentage, with this impact carrying over to the US pre-market trading.9.37This rapid linkage of prices between the two markets was confirmed just two days after the listing.15.37D
In the US pre-market, ADRs were traded at dollars as of the morning hour minutes.8The main stock in Korea closed at won on the same day.58C,152.27D,1,845,000E
The ADR debuted at an offering price of dollars on the day it was issued and closed at dollars on the first day.10The offering size of approximately million dollars is the largest for a foreign company's initial offering in the US.149Day was also the first trading day with the official stock code 'SKHY'.168.01C, 265D, 1,000E, 13F
The factors that amplified the decline on this day are complex.
- Renewed geopolitical tensions surrounding the Strait of Hormuz have increased volatility in global stock markets
- Short-term trading focused on individual investors and leveraged products has accelerated the decline
Overall, it has been diagnosed that the combination of Middle Eastern risks and domestic short-term supply and demand has caused a crash.