SK Hynix shares have surged, surpassing 1.31 million won during trading. Investor sentiment has improved following the suspension of its U.S. subsidiary Solidigm's initial public offering (IPO) review, and attention is now turning to potential additional shareholder return measures ahead of the third-quarter earnings announcement on October 28.
As of 1:17 PM on October 26, SK Hynix shares were trading at 1,289,000 won, up 12,000 won from the previous trading day. The stock opened at 1,279,000 won and briefly reached 1,315,000 won during the session.
This increase in stock price is attributed to improved investor sentiment following Solidigm's announcement on October 23 that it would halt its Nasdaq listing review. At that time, SK Hynix's stock price rose by over 4% based on the regular market closing price, and American Depositary Receipts (ADRs) traded on the New York Stock Exchange also increased by more than 4%.
Market observers are keenly awaiting the third-quarter earnings report scheduled for October 28, particularly to see if additional shareholder return plans will be revealed. Expectations for expanded shareholder returns have grown recently, making SK Hynix's proposed measures a focal point of interest.
However, SK Hynix clarified that there are currently no confirmed plans regarding a special dividend of 16 trillion won from its Kioxia stake, in response to recent reports. According to the Financial Supervisory Service's electronic disclosure system, the company stated, "We are reviewing various shareholder return measures to enhance shareholder value, but nothing has been finalized as of now." It added, "We plan to announce additional shareholder return measures following a board resolution during the third-quarter earnings announcement on October 28."
* This article has been translated by AI.
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