K-pop stocks and global music markets post gains amid big announcements and strong performances
JYP Entertainment, the powerhouse behind K-pop sensations like TWICE and Stray Kids, has been on a remarkable upward trajectory. On Friday, November 22, its shares closed at 66,100 won ($47.06), reflecting an 11.3% increase for the week and reaching the highest closing level since May 10. The surge appears to have been fueled by the announcement on Monday 18 November. of Stray Kids' upcoming 2025 stadium tour. This highly anticipated tour, which will hit North America, Latin America and Europe, has created considerable interest in the industry. However, JYP's stock rally has been gaining momentum for weeks, with the company's shares rising 35.6% over the past three weeks.
The rise of JYP Entertainment was not an isolated event. Other K-pop companies also reported substantial gains this wee...