SK Hynix ADR Falls as Much as 5.8%, Set for Longest Losing Streak Since July US IPO

A ten-session slide is less a verdict on SK Hynix than a reminder of how thin the ADR float still is after a July listing: with limited shares outstanding, the depositary receipts amplify moves that the Korean ordinary line may not confirm. For RWA and tokenized-equity watchers, the episode is a useful stress case for whether wrapped or synthetic exposure to Asian semis can track the underlying through a sustained drawdown. The open question is whether the losing run reflects ADR-specific liquidity mechanics or a genuine repricing of memory demand — the Korean line and any premium or discount between the two are the tell.