🟢 CHPX is trading 1.99% up in after-hours trading after SK hynix announced a $28.6 billion buyback

CHPX is trading 1.99% up now at $94.35 after SK hynix announced a 40 trillion won share repurchase and cancellation plan.

• Program: approximately 24.07 million shares (3.3% of shares outstanding); purchases begin August 20, cancellations follow completion.
• The announcement is a supportive semiconductor-sector catalyst; SK hynix is a major CHPX holding despite broader market weakness.
• CHPX closed August 20 at $92.51 after falling 4.95% August 18; rebound appears tied primarily to buyback news, not weaker market backdrop.