[Hot Stock] Stray Kids Hits Billboard No.1, JYP Reaches New High
[Asia Economy Reporter Lee Seon-ae] JYP Entertainment (JYP Ent) surged over 7% on the 30th, hitting a new all-time high. It is interpreted that the news of JYP's group Stray Kids topping the US Billboard main album chart, the 'Billboard 200,' influenced this rise.
As of 10:18 AM on the day, the stock price was trading at 61,600 KRW, up 7.13% from the previous trading day. Early in the session, it soared to 62,300 KRW.
This far surpassed the previous intraday high of 58,500 KRW recorded on November 17 last year. Additionally, it exceeded 60,000 KRW intraday for the first time since the KOSDAQ backdoor listing in October 2013.
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Meanwhile, JYP's group Stray Kids' mini-album 'Oddinary' topped the main album chart 'Billboard 200' announced by Billboard the day before. This is the third time a K-pop artist has reached number one on this chart, following BTS and SuperM. The 'Billboard 200' ranks albums by combining traditional album sales such as physical albums, streaming counts converted into album sales, and digital track downloads converted into album sales.
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