SK Hynix just wrapped up South Korea's biggest buyback ever — 24 million shares, roughly $29B worth, finished a month ahead of schedule. All shares getting canceled.
Timing matters here. Samsung did something similar recently, and both moves are acting as a floor under the KOSPI while foreign sellers have been hammering Korean equities. When you see coordinated capital return programs from the two largest semiconductor players in a market getting sold off, that's not random.
Buybacks don't fix fundamentals, but they do signal management confidence and create technical support. In a market where sentiment has turned sour on Korean tech, this kind of demand absorption can shift the tone — especially when it's this size and this fast.
$SKHY
Timing matters here. Samsung did something similar recently, and both moves are acting as a floor under the KOSPI while foreign sellers have been hammering Korean equities. When you see coordinated capital return programs from the two largest semiconductor players in a market getting sold off, that's not random.
Buybacks don't fix fundamentals, but they do signal management confidence and create technical support. In a market where sentiment has turned sour on Korean tech, this kind of demand absorption can shift the tone — especially when it's this size and this fast.
$SKHY