HYBE is trading 5.95% lower at KRW 158,000, as South Korean shares came under pressure from Samsung’s earnings miss and weakness in heavyweight stocks, with the KOSPI down 2.18% on October 29.
- Heungkuk Securities cut its HYBE target price from KRW 330,000 to KRW 260,000, citing cooler entertainment-sector sentiment and profit-growth concerns.
- Available coverage does not establish the target cut as the direct cause of the decline; no trading-volume information was provided.