K-pop stocks’ poor showing highlighted another down week for music stocks. For the week ended Oct. 17, South Korean companies were a major reason why losers outnumbered winners.

The 19-company Billboard Global Music Index (BGMI) fell 0.5% to 2,885.17. The three-year-old BGMI last posted four consecutive weeks of declines in July and August 2024. The index also suffered four straight down weeks in July and August 2023. Even after dropping 7.0% over the last four weeks, the index’s year-to-date gain stands at 33.8% — more than double the 2025 gains of the Nasdaq composite and S&P 500.

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