7709.HK is trading at HK$37.92, +3.32%, with the move appearing linked to SK Hynix’s 40 trillion won share buyback and hybrid-memory technology announcement on August 25, 2026.
- The buyback will retire approximately 24.07 million shares.
- SK Hynix’s planned 54 trillion won expansion for HBM and next-generation DRAM reinforces the long-term AI-memory demand narrative.
- Broader DRAM stocks remain pressured by Nvidia earnings jitters and elevated AI valuations, limiting confidence in the rally.