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Home›Global Markets›Asia›SK Hynix shares jump more than 12% after stock buyback…

SK Hynix shares jump more than 12% after stock buyback plan

The stock rallied in Seoul following the announcement of a large share repurchase program.

Reported · Written up by our desk · Asia

Shares of South Korea chipmaker SK Hynix surged more than 12% in Seoul after the company announced a massive stock buyback, CNBC Markets reported.

CNBC World also described the jump as a sharp post-announcement move tied to the planned repurchases.

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Sources

CNBC MarketsSK Hynix shares surge over 12% in Seoul after announcing massive stock buyback
CNBC WorldSK Hynix shares surge over 12% in Seoul after announcing massive stock buyback

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