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SMIC Soars 3%+ as XL2CSOPSMSN Jumps Up 11% on Reported Massive Buyback by Samsung
2026-06-24 09:38:38
Chip and memory stocks bounced back dramatically. SMIC (00981.HK) opened down 0.32% today (24th) before reverting up, last trading at HKD80.6, up 3.53%.

HUA HONG GRACE (01347.HK) last traded at HKD173.7, up 4.45%. MONTAGE TECH (06809.HK) and GIGADEVICE (03986.HK) both spiked more than 3%.

The South Korean stock market moved higher this morning amid reports that Samsung Electronics is preparing a share buyback worth about KRW90 trillion.

XL2CSOPSMSN (07747.HK) leapfrogged 11.23%, while XL2CSOPHYNIX (07709.HK) jumped up 7.89%.

Separately, SK Hynix is reportedly set to submit a new share issuance linked to ADRs to the South Korean Financial Supervisory Service, with a potential US listing to be completed in July.
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AASTOCKS Financial News
Website: www.aastocks.com