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SK Hynix shares surge over 12% in Seoul after announcing massive stock buyback
Shares of SK Hynix surged over 12% in Seoul on Thursday after the company announced a massive stock buyback.
Summary
Shares of SK Hynix surged over 12% in Seoul on Thursday after the company announced a massive stock buyback. The company said it is accelerating its 40 trillion won ($28.7 billion) share repurchase and cancellation program, while pursuing a shareholder return expansion to over 50% of cumulative free cash flow generated between 2025 to 2027.
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