🟢 SK Hynix is trading 8.85% up today after board approved 40 trillion won buyback

SK Hynix is trading 8.85% up now at $1230 after its board approved a 40 trillion won share repurchase and cancellation program.

• The program covers approximately 3.3% of issued shares, begins August 20, 2026, and all repurchased shares are scheduled for cancellation.
• Reuters reported the company will direct more than 50% of cumulative free cash flow toward shareholder returns.
• The company-specific catalyst outweighs weaker semiconductor-sector sentiment.