SKHY Trades 43% Above SK Hynix in Seoul
SKHY priced 4.84% above SK Hynix’s Seoul shares in July. By August 14 the gap was 43.41% — Seoul fell 24.75% while the Nasdaq ADR rose 11.63%.
Korea market structure
EWY’s Third-Largest Holding Is Mostly SK Hynix
EWY’s No. 3 holding is SK Square at 3.44% — and its main asset is a 20.50% stake in SK Hynix, the No. 2 holding. The disclosed weight understates it.
How Much of Korea’s 11% Week Was 3 Days? 88%.
The KOSPI rose 11.49% last week but 88% of that came in three sessions, while the KOSDAQ built 84.5% of its gain on Monday alone. A US account holding EWY received +8.22%.
Korea’s Market Rose 11%. Its Regulators Said Nothing.
The KOSPI rose 11.49% this week and Korean regulators made no public comment on it. What they published instead was the next tranche of leverage rules.
EWY Holdings: Two Stocks Are 43%, Not 50%
iShares’ own holdings file says EWY’s top two stocks are 42.85 percent, not the 50 percent screeners show. One of those numbers cannot exist.
Korea’s Leveraged ETF Rule: 74% to 12%, Then It Moved
Korea tripled the cash deposit for single-stock leveraged ETFs. Trading in the targeted products collapsed – then resurfaced in sector funds and Hong Kong.
The Korean Market Went Up This Week. The One You Own Went Down.
Weekly scoreboard for August 3–7, 2026. The KOSPI fell 5.10% to 6,258.77, a seventh straight weekly loss and the longest streak since December 2022.
You Didn’t Buy ‘Korean Chips.’ You Bought Two Companies That Just Moved in Opposite Directions.
Samsung Electronics rose 0.22% on August 7 while SK Hynix fell 4.88% — the same index, the same industry, opposite signs.
60 Korean Earnings Reports. 58 of Them Land in the Next Seven Sessions.
Korean Q2 earnings season is seven trading days long. Of the 60 companies that disclosed an IR schedule to the Korea Exchange, 58 report between August 6 and August 14 – the semi-annual filing deadline, 45 days after the half-year end. Fourteen report on August 12 alone. Samsung and SK Hynix already went in July. KEPCO still has no date.
SK Hynix ADR vs Seoul Shares: Where the Premium Went
SK Hynix’s Nasdaq ADR (SKHY) dropped ~21% in its first full week. Read the Seoul tape next to the New York tape and most of that decline wasn’t the…