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Woofun AI reports that SK Hynix American Depositary Receipts closed with a 27.29% gain, driving the premium over its South Korean common stock to approximately 51.5%. This valuation gap significantly exceeds the 3% spread established during the initial issuance last week.
The price divergence occurred alongside the commencement of ADR options trading on US exchanges, facilitating access for derivatives market participants. While the Korean-listed shares closed at 1,913,000 won, each ADR, representing one-tenth of a common share, settled at $193.92, compared to the equivalent value of $128.