Music Stocks Rise and Fall: J-Hope News, New Boy Band, and Market Forces

This week, HYBE and JYP Entertainment saw their stocks climb while global markets took a dip. HYBE, known for BTS and its members' solo projects, jumped 7. 2% to 215, 500 won ($146. 19) after J-Hope announced new music and a world tour starting in Seoul on Feb. 28. JYP Entertainment, famous for Stray Kids and ITZY, rose 5. 6% to 71, 600 won ($48. 57) with the news of a new boy band, Kickflip, launching on Jan. 20. The Billboard Global Music Index (BGMI) fell 1. 4% to 2, 126. 33, marking the fourth decline in five weeks. Only five out of 20 stocks ended the week positively. Besides HYBE and JYP Entertainment, CTS Eventim, Believe, and Universal Music Group also saw gains. Meanwhile, stocks like Warner Music Group and Spotify took a hit. Markets worldwide dropped due to various factors. In the U. S. , healthy employment numbers hinted at no interest rate cuts from the Federal Reserve. Consumer expectations for future inflation also rose. In South Korea, the KOSPI composite index was an exception, rising 3. 0%. Warner Music Group shares fell 5. 4% to $29. 33 after three analysts lowered their price targets before WMG's earnings release on Feb. 6. Spotify, announcing earnings on Feb. 4, dropped 1. 5% to $459. 53. LiveOne, iHeartMedia, and SiriusXM also saw significant declines.