SK Hynix US ADR Plunges 9%, Narrows Price Gap to 19%
SK Hynix's American Depositary Receipt (ADR) saw a sharp 9% decline, causing the price difference between its domestic and US listings to shrink from 37% to 19%.
So What
SK Hynix's ADR decline reduces the valuation premium for its US-listed shares, aligning its market perception more closely with its domestic listing.