SK Hynix $SK hynix(SKHY)$ finished up 27.28% today. Its South Korean listing (A000660.KS) is trading at about a 43% discount to the overseas listing.
There are two ways this could go. Either $SK hynix(SKHY)$ corrects down roughly 30% to 43% to close that valuation gap, or the South Korean listing, along with other memory names like Samsung, $Micron Technology(MU)$ , and $SanDisk Corp.(SNDK)$ , rally sharply in the coming days to catch up.
Given that memory companies just reported their strongest quarter ever, with profits nearing some of the Mag7 companies, I think the second scenario is more likely.
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