SM Entertainment Faces Absence of Catalysts; China Momentum Fades -- Market Talk
Dow Jones
Nov 06
0322 GMT - South Korean K-pop powerhouse SM Entertainment faces an absence of near-term catalysts for its shares, Nomura analysts Angela Hong and Won Kang write in a research note. The stock, which was previously seen to be a key beneficiary of a possible resumption of K-pop concerts in mainland China following years of restrictions, now sees the China momentum fading, the analysts note. K-pop concerts in China continue to be cancelled or delayed amid political uncertainty, while a recent summit between the leaders of South Korea and China during the APEC forum didn't work out a particular breakthrough in lifting an alleged K-pop ban in China, they add. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 22:22 ET (03:22 GMT)
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