K-pop stocks dip briefly on report of antitrust probe on production

Shares of SM Entertainment and Hybe fell in early trade after a reported probe by South Korea's Fair Trade Commission.

INDIO, CALIFORNIA - APRIL 15: Jisoo, Lisa, Jennie, and Rosé of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 15, 2023 in Indio, California.Shares of K-pop agencies dipped briefly on Wednesday after a reported investigation by South Korea's antitrust watchdog.

The report said government agencies sent "examiners" to the offices of Hybe, SM Entertainment, YG Entertainment, according to a CNBC translation of the article. Hybe, the agency behind BTS, saw its shares fall as much as 3%, while SM Entertainment fell as low as 2.19%. Both stocks pared some of their losses by lunch break on Wednesday.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Phoenix progresses on entertainment district, business district expansionThe city of Phoenix is taking major steps toward growing and revitalizing the area in and around downtown with a proposed entertainment district and expanded central business district.
مصدر: abc15 - 🏆 263. / 63 اقرأ أكثر »

Stock market today: World shares are higher on optimism that price pressures may be easingWorld shares are mostly higher as investors take heart from reports that show inflation is abating, which might enable the Federal Reserve to back away from interest rate hikes.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »