HYBE Shares Slip Amidst Legal Problems as K-Pop Stocks Suffer a Losing Streak

HYBE Shares Slip Amidst Legal Problems as K-Pop Stocks Suffer a Losing Streak

While the S&P 500 reached a new record close every day this week, music stocks had more middling performances and K-pop companies extended their losses.  HYBE, home to BTS, fell 4.3% this week as the company faces problems on multiple fronts ahead of its Aug. 6 earnings call. According to reports out of South Korea, HYBE’s headquarters in Seoul were raided on Thursday (July 24) as part of the government’s ongoing investigation into alleged sto…