BNK Investment & Securities, the local Korean brokerage that foreshadowed the KOSPI’s decline by cutting its price target for SK hynix to KRW 1.85 million when the index was at 7,700, lowered its target again today to KRW 1.48 million. (In Korea, issuing an outright Sell report is virtually impossible, so a price-target cut effectively amounts to a Sell call.)
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