Music Stocks Suffer as Global Markets Roiled by Recession Fears; K-Pop Hit Particularly Hard

K-pop stocks were the hardest hit music stocks on Monday as global markets continued Friday’s decline in the U.S. with major selloffs.

Four K-pop companies — HYBE, SM Entertainment, JYP Entertainment and YG Entertainment — fell an average of 8.8% on Monday, while a major South Korean stock index, the KOSPI composite index, had itsby also falling 8.8%. HYBE declined 5.9% while the others fell between 9.6% and 9.8%. South Korean stocks were effectively catching up to the rest of the world on Monday: trading in Seoul had closed by the time a disappointing U.S.

The BGMI’s most valuable companies fared better. Universal Music Group was flat at 21.44 euros . Spotify declined 2.1% to $324.03. Warner Music Group, which releases earnings on Wednesday , dropped 2.4% to $27.59. German concert promoter CTS Eventim slid 1.3% to 75.50 euros .

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwideThe drops were just the latest in a global sell-off that began last week.
Fonte: ExpressNews - 🏆 519. / 51 Consulte Mais informação »

Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwideNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Fonte: denverpost - 🏆 13. / 72 Consulte Mais informação »

Dow drops on US economy worries; Japanese stocks suffer worst crash since 1987The drops were just the latest in a sell-off that swept the Earth.
Fonte: wsfa12news - 🏆 338. / 59 Consulte Mais informação »

Dow drops 864 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Fonte: denverpost - 🏆 13. / 72 Consulte Mais informação »

Dow drops 760 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Fonte: mercnews - 🏆 88. / 68 Consulte Mais informação »

Dow drops 760 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Fonte: denverpost - 🏆 13. / 72 Consulte Mais informação »