Update: Market Chatter: SK Hynix's Anticipated ADR Offering-Related Currency Flows Boost Won

MT Newswires Live

07/06

The Korean won appreciated as markets anticipated currency flows from SK Hynix's (KRX:000660) $29 billion American depositary receipts (ADR) offering in the U.S., Bloomberg News reported, citing a person familiar with the matter.

The currency reached 1,530.50 per dollar on Friday after gaining 0.5%.

SK Hynix may start using forwards Friday to hedge funds raised from the offering, with plans to utilize part of the proceeds to make investments in Korea, according to the report.

A representative from SK Hynix, in an emailed response to MT Newswires' request for comment, said the chipmaker is "considering various options, but cannot confirm specific details at this time."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DRAL","symbol_name":"2倍做多DRAM ETF-Defiance","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2649610674","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649610674","pubTimestamp":1783306902,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}