SK Hynix stock jumps 10% on Nasdaq debut

📡 MarketWatch yesterday · 1 min read ·

Part of composite article SK Hynix Raises $26.5 Billion in Biggest-Ever Foreign US Stock Debut, Shares Jump 13% View full article →

South Korean memory chip maker SK Hynix saw its American depositary receipts (ADRs) surge more than 10% in their first day of trading on the Nasdaq on Friday. ADRs are shares of foreign companies traded on U.S. stock exchanges. The strong debut signals investor confidence in the company’s position in the global semiconductor market.