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SK Hynix ADR Raises USD29B; Report: S Korean Govt on High Alert for Massive Capital Inflows
2026-07-03 14:30:30 South Korean finance officials are preparing to respond to massive foreign exchange flows related to SK Hynix's offering of ADR, with related operations potentially starting as early as Friday (3rd), Bloomberg, citing sources, reported. The USD29 billion ADR will be settled on July 14, when a large amount of capital is expected to flow into the South Korean market. Authorities expect SK Hynix to hedge the foreign exchange flows in advance, most likely through the forward foreign exchange market. On the report, SK Hynix said the company is weighing various options, but declined to confirm specific details. The KRW has sagged by more than 7% cumulatively this year, approaching a 17-year historical trough. Following the news, the KRW rebounded 0.77% to 1,526.18 against the USD. ~ AASTOCKS Financial News Website: www.aastocks.com | |