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 .

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: ExpressNews - 🏆 519. / 51 Прочитайте больше »

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.
Источник: denverpost - 🏆 13. / 72 Прочитайте больше »

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.
Источник: wsfa12news - 🏆 338. / 59 Прочитайте больше »

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.
Источник: denverpost - 🏆 13. / 72 Прочитайте больше »

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.
Источник: mercnews - 🏆 88. / 68 Прочитайте больше »

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.
Источник: denverpost - 🏆 13. / 72 Прочитайте больше »