Samsung Electronics and SK Hynix stocks rose again on Wednesday, but one of the forces supporting Korea’s biggest chipmakers is rapidly approaching its end. The companies have spent more than 36 trillion won repurchasing their own shares, absorbing substantial selling pressure and helping support the wider KOSPI. Those programmes could now finish weeks ahead of schedule, shifting the focus to whether other buyers can absorb the shares once corporate demand fades. The buybacks became more than shareholder returns Samsung had purchased 41.8 million shares through September 21, spending 10.85 trillion won and completing 78.44% of its planned repurchase. SK Hynix had bought 14.75 million shares worth 25.51 trillion won, completing 61.28%. At their recent pace, Samsung could finish its remaining...
Samsung and SK Hynix stocks are losing a major buyer: who steps in next
