[Featured Stock] Billboard Global 200 No.1 'BLACKPINK'... YG Entertainment Up 3%

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] YG Entertainment is showing an intraday rise of over 4% thanks to the Blackpink syndrome.

On the 27th at 10:42 AM, the stock was trading at 48,900 KRW, up 2.95% from the previous trading day. The company's shares even surged to 51,200 KRW during the session. At the same time, YG PLUS also jumped 17.3%,

following the news that Blackpink topped the US Billboard 200 and simultaneously dominated positions 1 and 2 on the Global 200 chart, which positively influenced the stock price. The Billboard Global 200 ranks the most popular songs based on streaming and digital sales (downloads) collected from over 200 regions worldwide. According to Billboard, 'Shut Down' achieved 152.8 million streams and over 17,000 digital sales in one week, marking the highest figures this week and securing the number one spot. 'Pink Venom' debuted at number one on the chart dated September 3 and has maintained a top 5 position for five consecutive weeks.

Jina Ahn, a researcher at Ebest Investment & Securities, said, “Along with direct sales expansion from the comeback of key artists in the second half of the year, indirect sales such as content and MD/Goods, which are strengths of the company, will also increase simultaneously. Besides Blackpink, expectations for Treasure's dome tour, Big Bang's comeback, and the debut of new girl groups will also have a positive impact on the stock price.”