There is no price adjustment done by the ASX on the SP of a CDI. The price of a CDI is calculated the same way as any other equity on the market.
The mismatch that you see between NYSE and the ASX is similar to how there is a mismatch between the ASX and CHI-X.
This mismatch of prices help create arbitrage opportunities for some investors, who profit on price differences by converting local CDIs to foreign shares or moving them between exchanges.
There is no price adjustment done by the ASX on the SP of a CDI....
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Last
$96.17 |
Change
0.530(0.55%) |
Mkt cap ! $4.033B | |||
| Open | High | Low | Value | Volume |
| $95.40 | $96.41 | $95.38 | $35.34M | 369.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 383 | $96.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $96.17 | 1503 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |