Samsung and SK hynix buyback wind-down tests investor confidence.
Context
What happened: Samsung and SK hynix share buybacks are winding down, removing a major source of buying support for South Korea's two biggest chipmakers.
Why it matters: With buyback support fading, the market needs other investors to step in, and attention turns to whether earnings can attract them. Liao said SK hynix's buyback and cancellation made her more positive, while Samsung still must prove returns on investments like foundry and clarify future shareholder commitments.