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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Dollar-selling activity related to SK Hynix's U.S. share sale pushed the South Korean won to a more than one-month high against the dollar. The company's American Depositary Receipt (ADR) sale was oversubscribed by more than seven times prior to pricing. SK Hynix is now set to repatriate over $26 billion from the share sale proceeds over the coming month.