U.S. Stocks on the Move | May Add Up to KRW 60 Trillion in Shareholder Returns, SK Hynix (SKHY.US) Rises About 2%

Zhitong Finance APP has learned that on Monday, SK Hynix (SKHY.US) rose in early trading, with gains of up to about 3.6%. As of press time, the gain has narrowed to 2%, although its cumulative decline in October is still as high as 24%. On the news front, according to media reports, industry sources revealed that SK Hynix is preparing to announce a new shareholder return plan worth 50 trillion to 60 trillion won (equivalent to $35 billion to $42 billion). Combined with its recently completed 40 trillion won share buyback and cancellation, the memory chipmaker's total shareholder return this year will reach a record 100 trillion won. Benefiting from the AI memory chip market, the company's performance is expected to achieve historic high growth, and it plans to use large-scale shareholder return measures to push its valuation into the global top tier.