SK Hynix jumps after accelerated buyback signals strong growth bets
SK Hynix’s shares surged more than 12% in Seoul after the company accelerated a 40 trillion won share repurchase and cancellation program and aims to lift shareholder returns to over 50% of cumulative free cash flow for 2025–2027, signaling confidence in mid-to-long-term growth despite current memory-sector headwinds. The move follows a plan to invest 54 trillion won to build new memory-chip plants, as other Asian tech stocks rose on market-wide gains and softer U.S. yields supported risk appetite.
