SK Hynix ADR premium vs Korean shares is highlighted as an arbitrage opportunity due to co
SK Hynix ADR premium vs Korean shares is highlighted as an arbitrage opportunity due to conversion starting July 29, which may compress the premium.
“For anyone watching the 25%+ premium in $SKHY versus SK Hynix's Korean shares: The ADRs and local shares become convertible on July 29. Should open the door for arbitrage and likely compress the ADR premium. Maybe lifting Korean shares or pressuring US shares. 2.5% currently is the US ADR stock, so an additional 22.5% can be converted.”Original post：X / @aleabitoreddit ↗