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About SK Hynix ADR
SKHY tracks the value of 1 American depositary share of SK hynix Inc., listed on Nasdaq in July 2026. Each ADS represents one-tenth of a common share on the Korea Exchange. SK hynix is South Korea's second-largest semiconductor company and the primary supplier of HBM (High Bandwidth Memory) to NVIDIA, a critical node in the AI hardware supply chain.
On Hyperliquid, SKHY trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
SKHY is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Semiconductors.
Frequently Asked Questions
- What is SKHY?
- SKHY tracks the value of 1 American depositary share of SK hynix Inc., listed on Nasdaq in July 2026. Each ADS represents one-tenth of a common share on the Korea Exchange. SK hynix is South Korea's second-largest semiconductor company and the primary supplier of HBM (High Bandwidth Memory) to NVIDIA, a critical node in the AI hardware supply chain.
- Does trading SKHY give me any of the rights of owning SK hynix shares?
- No. SKHY is a synthetic perpetual with no delivery mechanism or arbitrage bridge to SK hynix's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying shares.
- What is the difference between SKHY and SKHX?
- SKHX tracks 1 common share of SK hynix on the Korea Exchange (000660.KS), with its KRW price converted to USD at the prevailing FX rate. SKHY tracks 1 Nasdaq-listed American Depositary Share (ADS), which represents one-tenth of a common share. They are two separate markets, not two views of the same price feed.
- Why can SKHY's price diverge from one-tenth of the SKHX price?
- SKHY and SKHX are separate markets with no delivery mechanism or arbitrage bridge linking them, so nothing forces SKHY to track exactly one-tenth of the SKHX price at all times. A small ADS free float, and conversion between the two lines that was restricted at first, mean a gap can open in either direction and persist, driven by relative demand on each market rather than by convergence between them.
- What is SKHY on Hyperliquid?
- SKHY on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 American depositary share of SK hynix Inc., listed on Nasdaq in July 2026. Each ADS represents one-tenth of a common share on the Korea Exchange. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem, so you can go long or short without holding any shares.
- Why can SKHY's Hyperliquid price differ from the underlying market's price?
- SKHY's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade SKHY on Hyperliquid around the clock?
- Yes. SKHY trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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