SK Hynix ADR jumps 6% in pre-market trade after $29 billion buyback plan

SK Hynix’s ADR rose 6% in premarket trading after announcing a buyback of 40 trillion won in treasury shares. The plan aims to distribute over 50% of free cash flow from 2025 to 2027 to shareholders, amid pressure for higher payouts following strong AI-driven profits.SK Hynix’s ADR rose 6% in premarket trading after announcing a buyback of 40 trillion won in treasury shares. The plan aims to distribute over 50% of free cash flow from 2025 to 2027 to shareholders, amid pressure for higher payouts following strong AI-driven profits. 

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