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HomeBusinessWhy Americans pay 41% more for SK Hynix shares than Koreans

Why Americans pay 41% more for SK Hynix shares than Koreans

On September 30, SK Hynix’s American depositary shares closed at US$184. 15 on the Nasdaq. Earlier that day in Seoul, one ordinary share closed at 1, 776, 000 won, about $1, 308. 80. Ten ADSs represent one Seoul share, so each ADS’s slice was worth about $130. 88. Comparing those two closing prices gives the ADSs a 40. 7% premium. The markets The post Why Americans pay 41% more for SK Hynix shares than Koreans appeared first on Asia Times.

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