Yesterday I said SK Hynix was surprising low. Today it hit Korea's 30% limit. I don't think the US ADR will catch up.

u/twinparty · Reddit — r/stocks · July 31, 2026 at 09:47 · ⬆ 16 pts · 💬 4 comments  | View on Reddit ↗
AI Summary

Summary

  • SK Hynix hit Korea's 30% limit-up after being called "surprisingly low"; community is bullish on the Korean ordinary shares.
  • No specific earnings discussed; focus is on price momentum and the ADR vs. ordinary share dislocation.
  • Consensus: the US ADR will not "catch up" and its premium stays until brokers allow ordinary-to-ADR conversion.
Score 16
Comments 4
▶ Full Post Text
Ideas
r/stocks community Reddit community discussion
The poster does not think the US ADR will catch up; comment says the ADR premium remains until conversion opens. With no ordinary-to-ADR conversion access, arbitrage cannot close the premium, so the ADR may underperform the Korean move. Avoid using the ADR as a proxy for the SK Hynix rally; it may lag or already embed overvaluation. If a broker opens conversion, the premium could collapse; if retail demand persists, the ADR could still move higher.
000660.KS LOW
More from Reddit — r/stocks
r/Stocks Daily Discussion & Fundamentals Friday Jul 31, 2026
Jul 31, 09:30
South Korean index soared 16% - Biggest 1 day gain in its history
Jul 31, 03:06
New ETF rules spur 14% KOSPI surge; limited impact on KOSDAQ in Korea
Jul 31, 00:39
The Precipitous Rise and Fall of Situational Awareness
Jul 30, 22:35
Reddit shares slide despite strong Q2 beat and upbeat guidance
Jul 30, 21:16

This Reddit post, published July 31, 2026, features r/stocks community discussing 000660.KS. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: r/stocks community  · Tickers: 000660.KS