Korea’s No. 1 chip company, SK hynix ($SKHX), takes on Nasdaq, already trading at a 14% premium before the open 📈

▶︎ $SKHYNIX : $1510.65
▶︎ $SKHY : $170.36

Data source: Hyperliquid. Note that 10 ADRs equal 1 share of Korean stock (ADR final pricing is $149). The premium is partly because the market has already priced it in ahead of time, and partly because Hyper’s pre-market order-book depth is relatively thinner.

Once the official trading starts, we can see which market has stronger buying power—South Korea or the U.S., haha.