Geopolitical shock exposes SK Hynix leverage after hot ADR debut
Just one trading session after a highly successful U.S. listing for its depositary receipts, local shares in South Korean chip maker SK Hynix plummeted 15% on the domestic exchange in Seoul.
Just one trading session after a highly successful U.S. listing for its depositary receipts, local shares in South Korean chip maker SK Hynix plummeted 15% on the domestic exchange in Seoul.
Worldwide stock market volatility, triggered by the breakout of renewed hostilities in the Strait of Hormuz, was the main reason for sell-off but the losses were exacerbated by the huge amount of leveraged exposure to SK Hynix KR:000660 , a stock whose six-fold increase in the last twelve months has attracted huge speculative interest from Korea's army of retail investors or 'ants' .
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Sinergia Empresarial continuará el seguimiento de esta información sobre geopolitical shock exposes SK Hynix leverage after hot ADR debut y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
