News Formal

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

  • 📰 billboard
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Music stocks dropped as recession fears hit global markets following a poor U.S. jobs report, with K-pop stocks plunging.

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 .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

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.
Source: ExpressNews - 🏆 519. / 51 Read more »

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.
Source: denverpost - 🏆 13. / 72 Read more »

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.
Source: wsfa12news - 🏆 338. / 59 Read more »

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.
Source: denverpost - 🏆 13. / 72 Read more »

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.
Source: mercnews - 🏆 88. / 68 Read more »

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.
Source: denverpost - 🏆 13. / 72 Read more »