#kospicloses5.9%higheronchipmakerbuybacks Big news for global markets today! South Korea's KOSPI index surged 5.89% to close at 6,852.58.

This massive jump was driven by major chipmakers like SK Hynix and Samsung Electronics rallying hard. SK Hynix announced a massive 40 trillion won share buyback and cancellation program after promising to return at least 50% of free cash flow to shareholders. Investors also got a boost from falling U.S. Treasury yields, bringing strong foreign buying back into Asian markets.

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