SKHX is trading at $12.96, up +5.70%, after SK Hynix announced a 40 trillion-won ($28.61 billion) buyback and full cancellation of acquired shares.
- The program covers roughly 3.3% of shares and begins August 20, supporting shareholder value and investor confidence.
- The move reverses SKHX’s 18.26% decline on August 18 amid volatile memory-chip trading.
- Confidence: High.