---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42638873.md"
description: "$SK Hynix(SKHY.US)The South Korean shares have dropped to $116 and are still falling... The US-listed shares are now at a 31% premium. At the peak of TSMC in early July, the premium was only 26%, and it fell back to 12.5% the next day.If the memory market continues to be hot and new listings attract a flood of funds, a 30% premium might be reluctantly acceptable. But the reality is that the memory sector is being slaughtered, and the premium for US-listed shares is being pushed higher and higher, which is clearly counter-intuitive and unsustainable. If the Korean shares don't recover, the premium for the US shares will eventually be wiped out. Even TSMC had periods where its premium was almost eliminated under extreme conditions.Honestly, the risk-reward ratio of buying SK Hynix's US shares is worse than buying $XL2CSOPHYNIX(07709.HK). At least the Hong Kong 2x ETF is linked to the South Korean shares. The underlying shares have already fallen 40%, so the downside potential isn't zero, but it should be limited, right?It's also not as good as buying pure-blood US stocks like $Micron Tech(MU.US)$Sandisk(SNDK.US)$Western Digital(WDC.US). They don't have the headaches of tariffs and geopolitics. At their current declines, even after subtracting a 20%-30% premium, they're still cheaper than SK Hynix's US shares.SK Hynix's premium absolutely cannot exceed that of the unique, weak-cycle monopoly that is TSMC. Micron can be a perfect substitute, not to mention SanDisk and Western Digital can also divert memory capital.As long as the premium doesn't shrink significantly, I'm temporarily afraid to touch SK Hynix. I can't get past the psychological barrier. Waiting for Micron at $900 and Western Digital at $500 is safer and offers better value.Personal opinion, not investment advice."
datetime: "2026-07-14T03:03:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42638873.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42638873.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42638873.md)
author: "[退场](https://longbridge.com/en/profiles/21015417.md)"
---

# $SK Hynix(SKHY.US)The South Korean shares have dro…


### Related Stocks

- [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md)
- [07709.HK](https://longbridge.com/en/quote/07709.HK.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md)
- [WDC.US](https://longbridge.com/en/quote/WDC.US.md)
- [SKHYV.US](https://longbridge.com/en/quote/SKHYV.US.md)

## Comments (25)

- **saila · 2026-07-15T15:41:46.000Z**: SK Hynix is fluctuating now. Both of these US stocks are following the trend.
  - **退场** (2026-07-15T15:46:30.000Z): Its listing in the US will siphon funds from other storage sectors, with a lot of capital switching over to speculate.
- **祝先生 · 2026-07-15T14:17:10.000Z**: Still holding Oracle?
  - **退场** (2026-07-15T15:28:26.000Z): Still holding
- **唐同学投资日记 · 2026-07-14T06:28:55.000Z**: At noon, the U.S. stock market's night session rebounded faster than the South Korean market. Don't overlook the capital in U.S. stocks and their market's pricing efficiency.
  - **退场** (2026-07-14T06:31:55.000Z): For a new stock that's only been listed for two days, capital is bound to favor it. When I posted the comment, the US stock was down 1.3% and is now up 6.6%, which is an 8-point swing. The Hong Kong s
  - **唐同学投资日记** (2026-07-14T06:35:18.000Z): Unlike the premium chase with SpaceX, semiconductor targets still need to look back at Micron~ This round is entirely a mis-killing due to the Koreans themselves pulling their leverage too high. Speak
  - **退场** (2026-07-14T07:05:47.000Z): It's an ADR premium, following TSMC's logic, and will remain at a premium in the long term. I mainly think the current 30+% premium is too exaggerated, but a 10% premium is acceptable.
- **妙脆角 · 2026-07-14T04:59:30.000Z**: Bro, at what price do you think SanDisk is relatively safe?
  - **退场** (2026-07-14T05:00:46.000Z): At 1500, I'll buy in batches like this.
- **何处笙歌落 · 2026-07-14T03:35:12.000Z**: I just don't get it, why can this have such a high premium compared to Korean stocks? The same stock in Hong Kong and US markets both have 0 premium. Is it being manipulated by institutions?
  - **退场** (2026-07-14T03:37:08.000Z): There are two types of ADRs: Hong Kong stock ADRs and other ADRs🙈
  - **何处笙歌落** (2026-07-14T03:39:07.000Z): 😂😂Saved my life, I didn't dare to buy on the day it was listed at a premium.
  - **退场** (2026-07-14T03:40:13.000Z): It's all thanks to the premium, otherwise those who bought on the listing day would have been down at least 20 points.😂
- **frAnk · 2026-07-14T03:13:54.000Z**: Does it also support leveraged products?
  - **退场** (2026-07-14T03:18:36.000Z): Can this also be related to leverage?
  - **frAnk** (2026-07-14T03:24:53.000Z): Honestly, the risk-reward ratio of buying SK Hynix in US stocks now is not as good as $CSOP 2x Long Hynix ETF(07709.HK), at least the Hong Kong 2x ETF is linked to the underlying Korean stock. The und
  - **退场** (2026-07-14T03:29:30.000Z): And then? What does that have to do with supporting or not? I thought 193 was expensive, and after a 75% drop to 49, I think it's cheap. It's just my personal opinion that it's cheap, did I support yo