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SK Hynix’s U.S. ADRs Trade at a Premium of Over 30%; Valuation Discrepancy Emerges Between “Korean Hynix” and “Global Hynix”
Svmuu News: According to monitoring by on-chain analyst Ai, there is currently a significant price disparity between SK Hynix’s domestic shares in South Korea and its U.S.-listed ADRs. The price of SKHX is approximately $1,303.85, while the price of SKHY is approximately $170.61, with the price gap between the two reaching a peak of approximately 30.9%, reflecting the strong demand in the U.S. stock market for leading assets in AI chips and HBM (High Bandwidth Memory). Analysts believe that the conversion between the two is one-way—investors can only cancel their U.S. ADRs to redeem them for ordinary shares in South Korea—and no one would do so when a premium is in effect. This is also the reason why the price discrepancy currently exists but cannot be eliminated.
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