7709.HK is trading at HK$38.54 (+3.49%), with its August 26, 2026 advance appearing primarily linked to continued optimism around SK Hynix’s 40 trillion won share repurchase and cancellation plan.

  • The plan represents approximately 3.3% of outstanding shares.
  • Positive memory-sector sentiment also supported the move.
  • TrendForce expects cloud-service-provider AI infrastructure capital expenditure to rise 98% year over year in 2026, strengthening the outlook for DRAM and related memory demand.