SM Entertainment, Cloud Music Lead Music Stocks to Small Gain as Markets Tumble
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SM Entertainment, Cloud Music Lead Music Stocks to Small Gain as Markets Tumble
With stock markets slipping and tariff concerns rising, music stocks from South Korea and China were the best performers for the week ended May 23. K-pop company SM Entertainment, home to aespa and RIIZE, led music stocks with a 10.6% gain. Two Chinese music streamers, Netease Cloud Music and Tencent Music Entertainment (TME), followed with gains of 7.0% and 5.4%, respectively. HYBE, home to BTS and its members’ solo projects, was close behin…
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