[ASKKPOP] JYP Entertainment stocks suffer initial drop after Suzy and Lee Min Ho's relationship news but start to bounce back
The news of miss A's Suzy and actor Lee Min Ho's relationship hit the public hard and fans even harder as JYP Entertainment saw the immediate aftermath of the sudden revelation as its stocks dropped almost 3%. This left the public and the agency to wonder whether this downhill trend would continue with the days to come.
In JYP Entertainment, Suzy has arguably the second highest earning power after 2PM, which explains why a scandal involving her would impact her company so much. On March 23, at 1:14pm KST, the agency's stock prices had dropped 2.22% from its typical rate, trading at 4,840 KRW per share. This meant the total market value went down 3.8 billion KRW (~ 3.5 million USD). The drop continued to worsen, reaching 3% at one point.
However, as the initial shock wore off, the prices started to rise, allowing the agency to end the day at 4,900 KRW per share, a 1.01% drop from the day before on the 22nd.
As of the 24th, stocks had actually bounced back quite a bit, trading at 4,970 KRW per share, which is a 1.43% rise from the day before. This seems to mean that the relationship news doesn't seem to be taking as much of a toll as previously expected.
So whew, it seems like the agency can let out a sigh of relief! What was your initial reaction to the sudden news about Suzy and Lee Min Ho's relationship?