SK Hynix ADRs falls over 9% after record Nasdaq debut, in profit-booking slide
New Delhi, July 14 -- SK Hynix American Depositary Receipts closed declining 9.32 per cent as investors engaged in profit-taking following the South Korean memory chipmaker's historic overseas listing.
According to market data, the company's US-listed shares, trading under the ticker symbol SKHY, ended their latest session down USD 15.66 to settle at USD 152.35. The correction in New York also correlated with movements back in South Korea, where SK Hynix Inc listed on the Korea Exchange, slipped 0.76 per cent, declining by 14,000.00 won to stand at 1,831,000.00 won.
The retreat in the company's US-listed shares began on Monday after a strong Nasdaq debut, falling nearly 8 per cent in regular trading as investors booked profits after the...
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