Serenity: SK Hynix ADR Premium Over Korean Shares Exceeds 25%, Conversion Opens July 29, May Trigger Arbitrage
Source:
x.com
"White-haired Stock God" Serenity posted that SK Hynix American Depositary Receipts (ADR) currently trade at a premium of over 25% compared to local South Korean stocks, while the conversion mechanism between ADRs and Korean stocks will officially open on July 29, which may create conditions for market arbitrage trading and drive the narrowing of the price spread between the two markets.