UBS: 'Buy Hynix ADRs, Sell Korean Stocks' | Policy Chief Kim Yong-beom: 'We Must Build as Many Nuclear Power Plants as Possible' | Most Stocks Hover at Peaks Except Samsung Electronics and Hynix

Summary

Kwon Soon-woo reports on SK Hynix's heavily oversubscribed ADR IPO, where UBS is urging investors to buy the ADR and sell the local Korean shares, citing FX, arbitrage, and forced ETF buying as structural drivers of a premium. He also discusses policy chief Kim Yong-beom's call for maximum nuclear power construction to fuel AI data centers, and recent US regulatory changes allowing Korean nuclear investment. Finally, he highlights brutal retail investor returns: only Samsung Electronics and SK Hynix are in profit among the top 50 most-purchased stocks, with Kakao averaging a -52.7% loss and 99.9% of buyers losing money.

• SK Hynix ADR IPO sees massive demand from major institutions like Baillie Gifford.
• UBS recommends buying ADR and selling local shares due to persistent premium from FX risk removal and limited arbitrage.
• ADR expected to trade at a premium similar to TSMC's 5-8% gap vs Taiwan, sustained by ETF forced buying.
• Policy chief Kim Yong-beom argues Korea must build all possible nuclear plants for AI power, citing improved local acceptance.
• US regulatory change on foreign ownership opens pathway for Korean capital in US nuclear projects.
• Retail investors’ top 50 stocks show half underwater; only Samsung Electronics and SK Hynix deliver profits.
• Kakao average return -52.7% with 99.9% of buyers in loss; even high-flyers like SK Square (+227%) have 60% losers.