SM Entertainment's (SM) stock price has plummeted, despite the recent success of its artists, such as NCT Dream, in Japan. Some analysts suggest that rumors circulating within the securities industry may have impacted the stock's performance.
On the 4th, SM closed at 81,900 KRW, down 7,300 KRW (-8.18%) from the previous trading day.
Initially, the stock price remained stable at the previous day's level, even rising to 90,900 KRW at one point. However, by 3 PM, it recorded the largest drop of the year, plummeting to 80,500 KRW (-9.75%).
Securities analysts attributed the sudden drop to a block deal (after-hours bulk trading). Last month, on the 28th, HYBE disposed of some shares via block deal for "investment asset management efficiency." SM disclosed this information after the market closed, suggesting it wasn't the direct cause of the stock plunge.
Meanwhile, there were speculations that rumors about SM's artists circulating on online communities might have influenced investor sentiment. Despite some adjustments in entertainment stocks, SM experienced the largest decline.
Recently, SM artists such as aespa and NCT have been gaining significant popularity.
Aespa's first full-length album, "Armageddon," released on the 27th of last month, has topped charts in Korea, China, and the UK. Their pre-released title track "Supernova" also achieved top positions on major domestic music charts like Melon, Genie, and Bugs, and secured five trophies on music shows. Their accumulated Spotify streams surpassed 48.1 million, proving their widespread popularity.
NCT Dream recently concluded their first dome tour in Japan, performing five concerts across Osaka, Tokyo, and Nagoya, attracting a total of 235,000 attendees, all sold out. They are set to release their second Japanese single, "Moonlight," on the 5th.
SEE ALSO: Nightlife promoter claims that NCT's Haechan and Johnny slept with three Japanese women in Tokyo
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Oh come on, we all know none of this is true. When idols get with "hostesses" it is far more discreet, you wont find idols hanging out with them in public , just chatting away in front of their hotel, nor allow photos to be taken in rooms, plus there has not been one solid piece of evidence to back up its them. It could be absolutely anybody in those photos and freaking chat logs can be altered or fabricated, it happens all the time. Are people really this fucking dumb.
The prostitutes pimp, sorry "promoter" is happy, so many men have been slobbering online over his 'girls'.
Someone has it in for NCT and its probably to do with not following DEMANDS from what are essentially terrorists, for not boycotting starbucks.
The 8 from SEVENTEEN has come under attack ( nothing to do with Starbucks) , someone accused him of pissing on a Japanese shrine when all he was doing was walking through the airport and yet another freak was taking photos of his passport at passport control and 'joking' aloud about exposing his information, then got pissed at him when he noticed, pointed a finger at her and told her to stop.
"Fans" in particular from Korea, Japan, China and Indonesia show the most toxic fucking behaviour towards idols, they're insane.