KOSPI rebounds 5% on Samsung buyback; SK Hynix plans Nasdaq listing
South Korea's KOSPI index rebounded nearly 5% after Samsung announced a massive share buyback, lifting its stock by around 10%. This followed a brutal 10% crash on Tuesday, June 23. SK Hynix also announced plans to list on Nasdaq and raise capital for production expansion — potentially surpassing Alibaba's record IPO in scale.
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