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Home›ETFs & Funds›Equity Funds›SK Hynix bucks AI stock selloff on $12bn dividend spec…

SK Hynix bucks AI stock selloff on $12bn dividend speculation

Reported · Written up by our desk · Equity Funds

Shares in South Korean chipmaker SK Hynix rallied on Monday, defying a broader selloff in AI-related stocks amid reports that the company is considering a $12bn special dividend following substantial gains on its investment in Japanese memory chipmaker Kioxia Holdings, according to Bloomberg. SK Hynix is reportedly planning to distribute approximately 16tn won ($12bn) to shareholders, representing the bulk of a 20tn won gain recorded on its Kioxia stake during the first half of the year. South Korean newspaper DongA Ilbo reported that the payout could be announced alongside third-quarter earni

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HedgeweekSK Hynix bucks AI stock selloff on $12bn dividend speculation

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