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SK Hynix Climbs as Investors Bet on Shareholder Return Plan

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SK Hynix Climbs as Investors Bet on Shareholder Return Plan Shares of SK Hynix Inc. advanced, lifted by an overnight rally in US chipmakers and speculation that the Korean firm may soon unveil buybacks and other details of a broader shareholder return plan. SK Hynix, a key supplier of high‑bandwidth memory chips to Nvidia Corp., jumped as much as 7.9% Wednesday morning in Seoul, outpacing rival Samsung Electronics Co.’s 6% rise. Analysts and local media have zeroed in on the US‑standard...

SK Hynix Climbs as Investors Bet on Shareholder Return Plan Shares of SK Hynix Inc. advanced, lifted by an overnight rally in US chipmakers and speculation that the Korean firm may soon unveil buybacks and other details of a broader shareholder return plan. SK Hynix, a key supplier of high‑bandwidth memory chips to Nvidia Corp., jumped as much as 7.9% Wednesday morning in Seoul, outpacing rival Samsung Electronics Co.’s 6% rise. Analysts and local media have zeroed in on the US‑standard 25‑day “quiet period” for SK Hynix ending August 4 — following its July 10 American Depositary Receipt sale — which is expected to clear the way for shareholder return disclosures.
SK Hynix Climbs (PERSON) SK Hynix Inc. (ORG) US (LOCATION) Korean (ORG) SK Hynix (PERSON) Nvidia Corp. (ORG) Seoul (LOCATION) Samsung Electronics Co.’s (ORG) American (ORG)
Originally published by Bloomberg Markets Read original →