Appetite for the memory trade is still super high:
Record inflows for the South Korea ETF $EWY this week.
Tuesday: $814 million (previous record high)
Wednesday: $1.1 billion (new record high)
Investors are back to using $EWY as a proxy for the South Korea SK Hynix listing, just like in Q1.
Rather than paying the ~25% premiums for the US listed SK Hynix ADR.
And for added context on the demand for memory stocks:
The memory ETF $DRAM is currently at record-high AUM levels at ~$25 billion, despite only being released three months ago.