South Korean FX fund bought about $20 bln in SK Hynix dollars
South Korean foreign exchange authorities bought about $20 billion in U.S. dollars from SK Hynix repatriated funds, after the firm’s $26.5 billion U.S. ADR listing in July, a source said.
By Seunggyu LimSouth Korean foreign exchange authorities bought about $20 billion in U.S. dollars that SK Hynix KRX:000660 sold after its $26.5 billion American depositary receipt listing in July, a source with direct knowledge of the matter said on Wednesday.The Foreign Exchange Stabilization Fund…