{"id":73354,"date":"2026-10-21T04:38:12","date_gmt":"2026-10-21T08:38:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/houthi-missile-strike-hits-aden-military-base-sk-hynix-completes-record-40t-won-buyback\/73354\/"},"modified":"2026-10-21T04:38:12","modified_gmt":"2026-10-21T08:38:12","slug":"houthi-missile-strike-hits-aden-military-base-sk-hynix-completes-record-40t-won-buyback","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/houthi-missile-strike-hits-aden-military-base-sk-hynix-completes-record-40t-won-buyback\/73354\/","title":{"rendered":"Houthi Missile Strike Hits Aden Military Base; SK Hynix Completes Record 40T Won Buyback"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> has completed a record-breaking <strong>40 trillion won ($28.9 billion)<\/strong> share buyback program, the largest in South Korean history.<\/li>\n<li>Houthi forces claimed a <strong>ballistic missile strike<\/strong> on a Saudi operations room at the <strong>Badr Camp<\/strong> in Aden, Yemen, escalating regional tensions.<\/li>\n<li>The semiconductor giant plans to <strong>cancel all 24.07 million repurchased shares<\/strong> to boost shareholder value amid a surge in AI-driven profits.<\/li>\n<li>Recent Houthi attacks in Yemen have resulted in significant casualties, with a separate strike on the <strong>Al-Alam camp<\/strong> reportedly killing at least <strong>73 personnel<\/strong>.<\/li>\n<\/ul>\n<h2>SK Hynix Finalizes Massive Shareholder Return Program<\/h2>\n<p>South Korean memory chip leader <strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> announced on Wednesday, October 21, 2026, that it has successfully completed its <strong>40 trillion won ($28.9 billion)<\/strong> share buyback. The program, which was executed over a two-month period on the <strong>Korea Exchange<\/strong>, involved the repurchase of approximately <strong>24.07 million shares<\/strong>, representing roughly <strong>3.3%<\/strong> of the company&#39;s total issued stock.<\/p>\n<p>The company confirmed that all repurchased shares will be <strong>fully cancelled<\/strong>, a move designed to reduce share count and enhance the intrinsic value of remaining holdings. This initiative follows a period of <em>record-breaking financial performance<\/em> for the chipmaker, driven by the global boom in <strong>High-Bandwidth Memory (HBM)<\/strong> for artificial intelligence applications. As of the end of Q2 2026, <strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> reported a robust net cash position of approximately <strong>69 trillion won<\/strong>.<\/p>\n<p>Looking ahead, the company has committed to a more aggressive shareholder return policy for the 2025\u20132027 period. <strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> now aims to return <strong>over 50% of its cumulative free cash flow (FCF)<\/strong> to investors through a combination of buybacks, cancellations, and cash dividends. Further details on additional return measures are expected during the company\u2019s third-quarter earnings release on <strong>October 28<\/strong>.<\/p>\n<h2>Houthi Forces Target Saudi Operations in Aden<\/h2>\n<p>In a significant escalation of the conflict in Yemen, Houthi military spokesperson <strong>Yahya Saree<\/strong> announced on Wednesday that the group launched a <strong>ballistic missile<\/strong> targeting a Saudi military operations headquarters. The strike hit the <strong>Badr Camp<\/strong>, an installation adjacent to <strong>Aden International Airport<\/strong>. Houthi officials described the strike as &quot;precise and direct,&quot; claiming it was part of a broader campaign against Saudi-backed military reinforcements.<\/p>\n<p>The attack on the Badr Camp follows a series of high-casualty events in the region. Earlier this week, a Houthi missile strike on the <strong>Al-Alam military camp<\/strong> in Shabwa province killed at least <strong>73 people<\/strong> and injured more than <strong>200 others<\/strong>, many of whom were young recruits. These incidents mark the <em>deadliest wave of violence<\/em> since the collapse of a long-standing truce earlier this year.<\/p>\n<p>The proximity of the Badr Camp strike to civilian infrastructure has raised international alarms. Authorities in Aden reported that two missiles landed within the airport complex, narrowly missing a <strong>Yemenia Airways<\/strong> flight preparing for takeoff to Cairo. The Yemeni government has condemned the attacks as a &quot;direct threat to aviation safety&quot; and a violation of international law, as the region braces for further <em>geopolitical instability<\/em> and potential disruptions to energy infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SK Hynix (000660) has completed a record-breaking 40 trillion won ($28.9 billion) share buyback program, the largest in 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