Hive's stock price has been declining for three consecutive trading days.
As of 10:09 AM on the day, Hive was trading at 193,600 KRW, down 1,600 KRW (0.82%) from the previous trading day.
Hive started the day down 4,500 KRW from the previous trading day and had fallen as much as 7,000 KRW compared to the previous day by 9:10 AM.
The stock price weakness is attributed to negative factors, including NewJeans announcing the termination of their exclusive contract with ADOR and the delayed revelation that Chairman Bang Si-hyuk had entered into an undisclosed contract worth 400 billion KRW with a private equity fund.
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