On August 20, SK hynix rose 3.07% overnight, trading at 160.96 USD/share, with turnover of approximately $35.89 million. The stock was lifted by the continuation of its historic buyback announcement and a broad rally in Korean equities.

On the news front, SK hynix announced on August 19 that it will repurchase and cancel treasury shares worth 40 trillion KRW (approximately $29 billion), with the buyback period running from August 20 to November 19, covering up to 24 million shares. The company further committed to returning at least 50% of cumulative free cash flow generated from 2025 through 2027 to shareholders, and is considering expanding dividends through both regular and special payouts. This represents the largest shareholder return program in Korean corporate history.

The announcement came after SK hynix Korean-listed shares had plunged over 48% in less than two months from their highs. On August 20, the Korean KOSPI index extended its rebound with gains expanding to 4%, while SK hynix Korean shares surged nearly 9%, driving the overnight rally in U.S.-listed shares. The broader memory sector also benefited, with Micron Technology, SanDisk, and Western Digital all gaining ground.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)