Shares of Big Hit, which manages K-pop group BTS, lose more than a fifth
Friday, October 16, 2020       13:24 WIB

October 16, 202012:21 PM
By Reuters Staff
SEOUL,(Reuters) - Shares in BTS Big Hit Entertainment, the management agency of South Korean superstar K-pop group BTS, fell more than 20% during Friday trade, extending losses from its debut the previous day.
Shares in Big Hit, which relies heavily on the boy band for revenue, had defied pre-listing hype to dip on Thursday, but analysts said the lower price should be viewed as more reasonable, based on fundamentals.
The KOSPI benchmark was down 1.2%.
Reporting by Joyce Lee

Sumber : Reuters

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