HYBE shares, which plunged after BTS's Gwanghwamun concert over the weekend, jumped 5% early on the 24th. Analysts said investor sentiment was buoyed by the possibility of talks between the United States and Iran and views from the securities industry that the previous day's drop was excessive.
As of 9:20 a.m., HYBE was trading at 298,000 won on the Korea Exchange, up 7,500 won (2.58%) from the previous session. In early trading, it rose more than 5%, climbing to 305,500 won.
Earlier, HYBE tumbled 15.5% on the 23rd, the first transaction day after BTS's Gwanghwamun concert. Jin-inhae, a research fellow at Shinhan Investment & Securities, said, "The audience size for the Gwanghwamun concert fell far short of the initially expected 260,000, coming in at about 42,000, and controversy over excessive control overlapped, spreading negative public opinion around the new album and the domestic comeback stage," adding, "This appears to have led to disappointment-driven selling."
However, sentiment appeared to improve as the securities industry assessed that the day's decline was excessive.
Ji said, "BTS set a career high with 4 million in first-week sales for the new album," adding, "The Gwanghwamun live concert also ranked No. 1 overall on Netflix globally and No. 1 in the United States, showing that their global influence and ripple effect remain at the highest level."
Researcher Park Jun-hyung at SK Securities also said, "The concert was broadcast live via Netflix to about 190 countries worldwide and reaffirmed content competitiveness in 77 countries, including Korea, the United States and Japan," adding, "Given the likely reflection in future results, this week's share-price adjustment is a buying opportunity."