SK Hynix shares rebound 8% after record $28.6 billion buyback plan

SK Hynix shares experienced a significant rebound, surging 8% following the announcement of a record-breaking buyback plan. The company intends to execute a share repurchase program valued at $28.6 billion. This massive financial move has triggered a sharp increase in stock value as investors react to the scale of the buyback. Market analysts are highlighting this strategic capital allocation as the primary driver behind the current surge in SK Hynix stock performance today.