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S&P 500 futures are little changed after index snaps three-day slide: Live updates

The S&P 500 snapped a three-session losing streak earlier in the day.

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[Opening Market] KOSPI Rebounds on SK hynix's Buyback Shock

As of 9:50 a.m. on Aug. 20, the domestic stock market is successfully staging a strong technical rebound, recovering from the severe plunge of the previous day.

  • KOSPI index rebounds 3.23% on August 20, 2023
  • SK hynix announces 40 trillion won buyback plan
  • Foreign investors turn into net buyers in early trading

SK hynix Shares Surge After Company Unveils 40 Trillion Won Buyback

SK hynix shares jumped more than 8% in early trading on Aug. 20 after the chipmaker announced plans to buy back and retire 40 trillion won worth of its own shares, unveiling one of the most aggressive…

  • SK hynix shares rose 8% on August 20 after announcing a 40 trillion won buyback program.
  • The buyback aims to retire 3.3% of total outstanding shares, signaling management's confidence.
  • Expanded shareholder-return policy could boost earnings per share by reducing outstanding shares.

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