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Chan H Lee, managing partner of Hedge Fund Petra Capital Management in Seoul, South Korea, said that SK Hynix's ADR listing was very successful, but the market already reflected most of the benefits. The weakening of stock prices on Monday seemed more like a typical “run out of profit” reaction and the settlement of investors' profits rather than changes in fundamentals.
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Chan H Lee, managing partner of Hedge Fund Petra Capital Management in Seoul, South Korea, said that SK Hynix's ADR listing was very successful, but the market already reflected most of the benefits. The weakening of stock prices on Monday seemed more like a typical “run out of profit” reaction and the settlement of investors' profits rather than changes in fundamentals.
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