🟢 SK Hynix ETF (7709.HK) is trading 5.28% up on 40 trillion-won share repurchase and cancellation

7709.HK is trading at HK$39.48, +5.28%, primarily driven by SK Hynix’s planned 40 trillion-won share repurchase and cancellation.

• The program equals approximately 3.3% of shares outstanding, reinforcing shareholder returns and supporting the underlying stock.
• Bullish memory-sector expectations also support the move: Gartner projects 92% semiconductor-revenue growth in 2026.
• TrendForce expects AI-driven cloud capital expenditure and sharply higher DRAM demand.