SK Hynix ADR Experiences Volatile US Debut
SK Hynix ADR Experiences Volatile US Debut
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SK Hynix's new American Depositary Receipt (ADR) experienced a highly volatile debut on Nasdaq, initially gaining 12.7% on Friday before dropping -12.6% on Monday. This swift reversal negated the initial gains, leaving US buyers in a loss.
SK Hynix’s new ADR rose 12.7% on its Nasdaq debut Friday. Then Seoul dropped -12.6% on Monday, leaving many US buyers in the red.
The post SK Hynix wipes out US debut gain in one day of trading appeared first on Protos.