SK Hynix shares surge over 12% in Seoul after announcing massive stock buyback — Live Feedhttps://www.live-feeds.com/feed/sk-hynix-shares-surge-over-12-in-seoul-after-announcing-massive-stock-buybackContinuously updated, source-cited coverage. SK Hynix Shares Jump Over 12% Following $29 Billion Buyback Planhttps://www.live-feeds.com/feed/sk-hynix-shares-surge-over-12-in-seoul-after-announcing-massive-stock-buybackhttps://www.live-feeds.com/feed/sk-hynix-shares-surge-over-12-in-seoul-after-announcing-massive-stock-buyback#u45823Fri, 21 Aug 2026 08:27:07 +0000SK Hynix shares rose more than 12% in Seoul after the company announced a share buyback valued at approximately $29 billion. The move follows a decline in share prices and aims to stabilize the market. This initiative is part of a broader trend of record shareholder returns from memory-chip makers during the AI boom, with Samsung also planning a return program exceeding $72 billion. While SK Hynix seeks to address valuation gaps, rival Micron is not currently engaging in similar stock buybacks.Why it mattersThe memory-chip sector is seeing increased shareholder payouts driven by the AI boom. S