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KOSPI extends decline on global tech selloff
South Korea’s KOSPI fell nearly 2% to around 6,570 for a second straight session as Samsung Electronics and SK hynix slid, with investors also looking to the Bank of Korea meeting on Thursday.
SK Hynix rises after announcing 40 trillion won buyback plan
SK Hynix Inc. said it plans to buy back and cancel 40 trillion won ($29 billion) of treasury stock and to allocate more than 50% of cumulative free cash flow from 2025 to 2027 to shareholder returns.
SK Hynix raises return target after record 40 trillion won buyback
SK Hynix announced plans to repurchase and cancel 24.07 million shares over the next three months and lifted its shareholder return commitment to more than 50% of cumulative free cash flow from 2025 to 2027.
SK Hynix Announces $29 Billion Treasury Share Buyback Plan
SK Hynix’s U.S.-listed ADR SKHY rises in premarket after the company said it will buy back and cancel 40 trillion won, or $29 billion, of treasury shares.