K-Pop Stocks Sink as EXO Member Leaves SM Entertainment for New Agency

, D.O. will leave SM Entertainment for a new agency being established by his longtime manager. D.O.’s contract expires in early November, SM Entertainment said in a statement, and the artist “will continue with his EXO activities with SM” but pursue acting and other activities through the new agency. , fell 8.2% to 224,500 won . Shares of Kakao Corp. dropped 9.6% to 39,050 won . Kakao and its subsidiary Kakao Entertainment own 40% of SM Entertainment’s common stock.

Despite the week’s heavy losses, K-pop stocks are among the best performing music stocks in 2023. Through Friday, HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have gained an average of 37.1% year to date. JYP Entertainment leads the four companies with a year-to-date improvement of 48.8%.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. stocks continue losing streak, sink for second daySupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks Sink After Being Yanked by Powell CommentsTen-year yield edges toward 5%; Netflix shares surge and Tesla skids
Source: WSJ - 🏆 98. / 63 Read more »

Hong Kong stocks decline for third day as Japanese stocks dropSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Chinese EV makers sink tracking disappointing Tesla Q3 earningsChinese EV makers sink tracking disappointing Tesla Q3 earnings
Source: Investingcom - 🏆 450. / 53 Read more »