SK Hynix ADR jumps 6% in pre-market trade after $29 billion buyback plan
SK Hynix’s ADR rose 6% in premarket trading after announcing a buyback of 40 trillion won in treasury shares. The plan aims to distribute over 50% of free cash flow from 2025 to 2027 to shareholders, amid pressure for higher payouts following strong AI-driven profits.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Comments (0)