🟢 CHPX is trading 3.75% up in pre-market after SK hynix's 40 trillion won buyback

CHPX is trading at $95.37, +3.75% after SK hynix announced a record 40 trillion won ($28.6 billion) buyback and cancellation program.

• The repurchase covers approximately 24.07 million shares, or 3.3% of shares outstanding, beginning August 20.
• SK hynix plans to allocate more than 50% of free cash flow from 2025–2027 to shareholder returns.
• Multiple reports linked the announcement to a sharp rebound in SK hynix trading.