The share prices of two K-pop giants, HYBE and SM Entertainment, suffered steep losses in a week in which few music stocks mustered even small gains.

In the week ended Friday (Sept. 26), HYBE’s stock fell 7.5% to 268,500 KRW ($190.53) amid a broader monthly downturn of approximately 9%. The company’s founder and chairman, Bang Si-hyuk, is currently facing a securities litigation probe. Additionally, on Tuesday (Sept. 23), HYBE sold its stake in YG Entertainment’s YG Plus.

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While HYBE maintains exposure to YG Plus through the 10.2

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