🟢 SK Hynix is trading 6.68% up in pre-market after 40 trillion won buyback and cancellation

SK Hynix is trading at $166.01 (+6.68%) after announcing a 40 trillion won ($28.61 billion) program to repurchase and cancel 24.07 million shares, approximately 3.3% of shares outstanding.

• Purchases begin August 20 and run through November 19
• The announcement directly prompted after-hours buying
• The memory-chip sector is up 3.41% pre-market on strong NAND demand