HYBE was the week’s top performing music stock after its share price jumped 15.9% to 291,000 KRW ($209.33) following the company’s Q2 earnings on Wednesday (Aug. 6). The K-pop giant’s revenue rose 10.2% year-over-year to $516.7 million, while operating profit jumped nearly 30% to $48.3 million

Other K-pop stocks also posted big gains. YG Entertainment rose 17.4% after reporting an 11.6% revenue gain in Q2. JYP Entertainment climbed 14.5% even though the company did not report earnings this week. SM Entertainment, which reported a 19% increase in consolidated revenue in Q2, gained 8.3%. Collectively, the four K-pop companies posted an average stock price gain of 14.0%.

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