On August 19, SK hynix rose nearly 7% in pre-market trading. On the news front, SK hynix announced a massive 40 trillion KRW treasury stock buyback program, aimed at canceling shares and enhancing shareholder returns. According to regulatory filings, the company will repurchase up to 24 million shares between August 20 and November 19. SK hynix also raised its shareholder return target from no more than 50% of cumulative free cash flow to over 50% for the 2025-2027 period, and is considering expanding payouts through fixed and special dividends.

The announcement came after SK hynix shares plunged nearly 10% on the Korean market amid a broader chip selloff, with the KOSPI index closing down 5.80%. Following the buyback disclosure, the stock rapidly recovered its losses in after-hours trading and surged over 5% in U.S. pre-market sessions, signaling strong investor reception of the capital return initiative.

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