HYBE, K-Pop Stocks Suffer Some of the Worst Declines in Brutal Week for Global Markets

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HYBE and K-pop music stocks saw big drops in a bad week for global markets that saw Billboard Global Music Index stocks fall nearly across the board.

Music stocks were off sharply this week as global markets were roiled by worries about the health of the U.S. economy and Friday’s

Just three of the BGMI’s 20 stocks finished the week in positive territory, and two of the three winners are among the index’s smallest contributors. The top stock, Believe, which gained 3.7% to 15.06 euros , has a float of less than 4% after a consortium led by CEO Denis Ladegaillerie acquired nearly the entire share capital.

 

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