SK Hynix's ADR Soars Over 4% in After-Hours Trading, KOSPI Erases 8.3% Decline in Post-Market Hours

BlockBeats News, August 19th, according to Bitget market data, SK Hynix erased an 8.3% post-market drop in the South Korean stock market, boosted by share buyback news.

SK Hynix's ADR surged over 4% in the U.S. pre-market trading session, after earlier falling over 3%.

On the news front, SK Hynix announced that between 2025 and 2027, at least 50% of the free cash flow generated during this period will be used for shareholder returns. The company will continue to pursue additional stock buybacks and cancellations, with more shareholder return plans to be announced during the third-quarter earnings release. It is considering a dividend plan that includes both regular and special dividends.

The company will repurchase 40 trillion Korean won (approximately $28.6 billion) worth of treasury stock. This buyback is aimed at retiring shares to enhance shareholder returns.