[Featured Stock] HYBE, Anticipation for Offline Concert Resumption... 52-Week High
[Asia Economy Reporter Park Jihwan] HYBE's stock price hit a 52-week high. This is interpreted as reflecting expectations for improved performance due to the resumption of offline concerts, which had been halted for about two years due to the COVID-19 pandemic.
According to the Korea Exchange on the 20th, as of 10:53 AM, HYBE was trading at 332,500 KRW, up 3.26% from the previous trading day. During the session, it rose to 338,000 KRW, setting a new 52-week high.
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The expected performance improvement is believed to be influenced by anticipation of the resumption of BTS's offline concerts next month. BTS is scheduled to hold offline concerts in Los Angeles, USA, from November to December. Inclusion in the Metaverse ETF and potential benefits from the with-COVID-19 era are also cited as factors driving the stock price strength.
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