As a 10U war god, I feel very conflicted today. I specifically woke up at 8 AM to check the trend of SK and found that it rose right after the market opened, and it rose quite well, driving ADR up to 175 USD.

According to what I said yesterday, the premium of ADR is too high, and I am unwilling to chase the rise. I only have one view regarding Hynix: if SK in the Korean stock market drops, I will short ADR. One reason is that I believe in the dominance of the Korean stock market, and the other is that it can reduce the premium of ADR.

As a result, when I woke up again, although SK had pulled back by half, it was still up, while SKHYUSDT (the contract for ADR) fell back down. Compared to yesterday's ADR closing price of 171.94 USD, SKHYUSDT is currently only 163.68 USD, with a decline of 4.8%.

Meanwhile, US ADR in the night market also rose, from 171.94 USD to 173.26 USD.

I specifically waited until the Korean stock market closed and found that at the close, SK still maintained a small rise, while SKHYUSDT continued to decline. Under these circumstances, I am a bit conflicted about whether I should short ADR and when to do it.

At present, I plan to wait until 4 PM Beijing time, after the US pre-market opens, to see the trend of ADR to decide. I definitely won't take more positions; either I won't make a move today, or if ADR declines in the pre-market, I might try to short.

@Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for prediction markets

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