Tickmill Group analyst Patrick Munnelly says SK Hynix’s ADR trades at a premium
of more than 50% to its Seoul-listed shares, reflecting strong global investor
demand for AI hardware and a scarcity premium for AI-focused assets. Chip names
led a Wednesday rebound in the KOSPI, but the index had earlier suffered a sharp
pullback and its further direction will hinge on whether the interest-rate
environment improves.