Korea Depository Delays SK Hynix Share Conversion Until July 29 Listing
The Korea Securities Depository confirmed that applications for two-way conversion between SK Hynix's Korean-listed shares and its Nasdaq-traded SKHY American depositary receipts will open after the July 29 domestic listing date for the underlying shares. The confirmation blocks immediate arbitrage trades between the chipmaker's U.S. and South Korean stock lines.
Citibank will announce the precise timetable for the conversion mechanism, the KSD added. The delay ensures the pricing gap between the Korean and U.S. shares settles once the newly issued domestic shares are fully listed in Seoul.
From the sources (25 posts)
@zerohedgeKospi -3%
@bulltheoryioOver ₩213,500,000,000,000 ($150 BILLION) wiped out from South Korean stocks in the past hour as the KOSPI crashed -3.5% after US strikes on Iran.
@globalmktobservRT @GlobalMktObserv: ‼️SOUTH KOREAN STOCKS ARE CRASHING: The KOSDAQ index of small-cap technology stocks has dropped -31% over the last 9…
@businessSK Hynix shares declined in Seoul on Monday after the memory chipmaker’s highly anticipated US trading debut
@zerohedge*KOREA EXCHANGE ACTIVATES SIDECAR TO HALT KOSPI PROGRAM SELLING
@zerohedge*SK HYNIX SHARES EXTEND LOSSES TO 10% ON KOREA EXCHANGE
@bulltheoryioBREAKING: Korea Exchange briefly halted program selling as KOSPI crashed -5.3%. Samsung and SK Hynix, which together make up 50% of the index, fell -4.5% and -9%.
@macroedgeresSouth Korea flagship KOSPI index halted #MacroEdge
@firstsquawkKOSPI Drops 3% as South Korean Equities Face Heavy Selling
@globalmktobserv⚠️THIS IS ABSOLUTELY INSANE STAT: Samsung, SK Hynix, and their leveraged ETFs now account for more than 70% of total trading value in South Korea's $4.3 trillion stock market. TAP IMAGE TO SEE FULL INSIGHT👇
@tradfi*SK HYNIX SHARES EXTEND LOSSES TO 10% ON KOREA EXCHANGE $SKHYV
@joongangdailyA sell-side trading curb, known locally as a sidecar, was triggered on the Kospi on Monday after the index plunged, temporarily suspending program sell orders.
@barchartKorean Stock Market now down 8% on the day, it's getting worse 📉📉
@zerohedge*S. KOREA'S KOSPI TRADING HALTED FOR 20 MINUTES AFTER 8% DECLINE Trading halt #7 this year.
@firstsquawkSouth Korea’s KOSPI Plunges 8%, Prompting Market-Wide Trading Halt
@bulltheoryioBREAKING: South Korea's KOSPI stock market trading has been halted for 20 minutes after crashing -8%. Over ₩488,000,000,000,000 ($328 BILLION) has been wiped out from South Korean stocks today.
@firstsquawkSouth Korea’s Benchmark KOSPI Plunges 7% Amid Market Selloff
@cnbcSK Hynix shares slide 10% in Seoul after stellar Nasdaq debut
@cnbcSK Hynix shares tumbled more than 10% in Seoul on Monday after the chipmaker’s strong Nasdaq debut, as investors locked in profits and weighed whether surging demand for artificial intelligence memory chips justified the stock’s sharp gains
@reutersSK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimism
@reutersbizSK Hynix shares dropped as much as 8.2% in early Seoul trade on July 13 as investors booked profit, after a high-profile US listing saw the world's leading AI memory chipmaker surge 12.8% in its Nasdaq debut on July 10. More here: https://
@reutersSK Hynix shares dropped as much as 8.2% in early Seoul trade on July 13 as investors booked profit, after a high-profile US listing saw the world's leading AI memory chipmaker surge 12.8% in its Nasdaq debut on July 10
@businessSK Hynix shares declined in Seoul after the memory chipmaker’s highly anticipated US trading debut
@cnbcSK Hynix shares tumbled more than 15% in Seoul on Monday to clock their worst day after the chipmaker’s strong Nasdaq debut, as investors booked profits and weighed demand for artificial intelligence memory chips against the stock’s sharp g
@firstsquawkUS-LISTED SHARES OF SK HYNIX DROP 10.4% PREMARKET AFTER STRONG NASDAQ DEBUT ON FRIDAY