HYBE is trading at KRW 160,900 (-4.23%), with a broker target cut the clearest available downside catalyst; coverage does not confirm it caused the decline.

  • Heungkuk Securities lowered its target price from KRW 330,000 to KRW 260,000 while maintaining a Buy rating.
  • It cited weaker entertainment-sector sentiment and concerns about profit growth.
  • South Korean stocks opened slightly higher on October 29, with chipmakers advancing; broad-market weakness does not explain HYBE’s move.