SKHX is trading 3.67% up now at $14.40 after SK hynix approved a 40 trillion won ($28.61 billion) share-repurchase and cancellation program.
- The plan covers approximately 24.07 million shares, representing 3.3% of shares outstanding.
- Purchases will run from August 20 through November 19.
- Reuters and SK hynix reported the initiative as the company-specific catalyst for the pre-market move.