The Zhitong Finance App learned that SK Hynix (SKHY.US) American Depositary Receipts (ADR) surged more than 27% on Tuesday, not only completely recovering the 9.3% decline in the previous trading day due to a record wave of sell-offs in the Korean stock market, but also driving the stock's premium to 51% compared to common stocks listed in South Korea just three days after entering the US stock market for trading, which is far higher than the surplus price of about 3% during the initial public offering (IPO) last week. Due to restrictions on the conversion of Korean common stock to US ADR, the market previously expected SK Hynix's ADR price to be higher than its corresponding stock price in the Seoul market.

The Zhitong Finance App learned that SK Hynix (SKHY.US) American Depositary Receipts (ADR) surged more than 27% on Tuesday, not only completely recovering the 9.3% decline in the previous trading day due to a record wave of sell-offs in the Korean stock market, but also driving the stock's premium to 51% compared to common stocks listed in South Korea just three days after entering the US stock market for trading, which is far higher than the surplus price of about 3% during the initial public offering (IPO) last week. Due to restrictions on the conversion of Korean common stock to US ADR, the market previously expected SK Hynix's ADR price to be higher than its corresponding stock price in the Seoul market.