At 8:30 am on June 14 2023, the trading price of the unlimited SK Hynix futures contract was confirmed at ₩1,777,330. This is 34,670 ₩ lower than the closing price (₩1,812,000) released after the Korean stock market reopened. All three stocks—Samsung Electronics, SK Hynix and Hyundai Motor—were traded at a discount, with an average discount rate of about –0.89%. The fact that both Korea and the U.S. stock markets were closed simultaneously means that the price formation in the futures market can be interpreted as a signal linking the two markets.
The daily trading volume for the futures contract was about ₩1 billion (≈US$13,725 million), with 278,582 total positions of buy and sell combined. Although the scale is not huge, even small order volumes can influence price movements. In such a situation it makes more sense to analyze which side—buy or sell—is more active rather than simply interpreting predictions. Notably, the ponder cost (Pondering) recorded 76.32 % for the year, indicating that the buy position bears less cost relative to the sell position; this suggests that the upside bet is relatively small.
Among seven stocks traded at the same time in overseas semiconductor markets, none showed an upward trend, and only H100 (NVIDIA GPU) moved most significantly with a +0.00 % level. The volatility of overseas semiconductors being smaller than domestic shares indicates that the discount phenomenon seen in SK Hynix futures is somewhat limited in its expansion to overall market sentiment.
In conclusion, the unlimited SK Hynix futures contract, held for 24 hours on a blockchain‑based exchange, has a price that is linked to actual share price movements. This confirms that the futures market reflects real share prices and further observation is needed to see whether this discount phenomenon continues in the future.