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SK Hynix shares fall in Seoul after U.S. ADR debut

South Korean shares dropped 15.0% on the domestic exchange just one trading session after the U.S. depositary receipts listing.

Reported · Written up by our desk · Fund Industry

A geopolitical shock has highlighted how SK Hynix can be exposed to swings across markets following its fresh U.S. debut, MarketWatch reports.

According to the outlet, SK Hynix shares on South Korea’s domestic exchange fell 15.0% after the company’s depositary receipts began trading in the United States.

The move came only one session after what was described as a highly successful U.S. listing for the ADR, underscoring the link between the new U.S. trading venue and domestic share performance.

MarketWatch notes that the sharp decline occurred despite the initial strength of the ADR debut.

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