SK Hynix ADR Debuts on Nasdaq with 13.08% Gain, But KOSPI Falls 0.31% on July 13

According to Hankyung Economics, SK Hynix's American Depositary Receipt (ADR) debuted on Nasdaq on July 10, closing at $168.49, up 13.08% from the offering price. However, on July 13, South Korea's main KOSPI index fell 0.31% to 7,452.81, while the KOSDAQ rose 2.61% to 859.32.

The divergence reflects a market split: KOSDAQ's semiconductor sector surged 5.27% as smaller chip equipment firms benefited from the ADR listing and strong demand signals, while KOSPI's semiconductor stocks declined 0.93% due to profit-taking from the ADR's approximately 16% price premium over domestic shares. Upcoming catalysts include the U.S. June CPI report on July 14 and second-quarter earnings from semiconductor leaders ASML and TSMC.