​#U.S. Treasury yields retreat from the highest levels in decades, while $bitcoin holds above $64,000.

SK Hynix moves to calm market with $29 billion buyback

SK Hynix announced a 40 trillion won ($29 billion) share buyback and raised its shareholder return target to more than 50% of free cash flow, according to Bloomberg, which cited a regulatory filing. The memory-chip maker is seeking to reassure investors as enthusiasm for AI hardware spending fades. The Nvidia (NVDA) supplier’s shares remain about 50% below their all-time high after they fell a further 10% on Wednesday. South Korea’s benchmark Kospi index slid 5.8%.