TechFlow reports, July 15. According to a Yonhap News Agency report on the 15th, on the first day of SK Hynix's American Depositary Receipts (ADR) listing on Nasdaq, South Korean retail investors' purchase volume reached approximately 400 billion won. SK Hynix ADR began trading on Nasdaq on the 10th, and on that day, about 84,000 investors bought the stock through nine major securities companies in South Korea. South Korean investors held a total of 1.36 million shares on that day, accounting for 0.76% of the total issuance volume of 177.9 million shares.
Calculated at the issue price, the value of these holdings is approximately 338.9 billion won. If customers of other securities companies not included in the statistics are counted, the number of South Korean investors expected to have purchased the stock is projected to be close to 100,000, with a total holding value reaching approximately 400 billion won. The strong buying pressure from South Korean retail investors was also reflected in the domestic stock market. On the 10th, individual investors net bought 788,510 shares of SK Hynix in the South Korean stock market, with a purchase amount of approximately 1.7 trillion won. Even on the 13th when the stock fell sharply by 16.15%, retail investors continued to add to their positions, with a purchase amount of approximately 3 trillion won. (Jin10)
