SK Hynix's ADR Premium Reflects Global Investor Enthusiasm
Dow Jones07-15 15:38
0738 GMT - SK Hynix ADRs' premium shows global investor demand for AI hardware exposure, Tickmill Group's Patrick Munnelly says in a note. SK Hynix's ADRs now trade at a premium of more than 50% to the Seoul line, not only driven by enthusiasm, but also scarcity pricing for the AI hardware trade, the analyst says. The Kospi's recovery this session, led by chip makers, shows that the AI bid is alive, but it is recovering from a heavy drawdown and still depends on a friendlier rates backdrop, the analyst notes. Still, even after the 6.2% rally on Wednesday, the benchmark index is down 20% from its June peak. SK Hynix's Seoul-listed shares ended 8.8% higher.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
July 15, 2026 03:38 ET (07:38 GMT)
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