Chinese streaming shares & sphere entertainment share price

CHinese Music Streaming shares continued their upward path this week, as the trade tension between Washington and Beijing showed signs of loosening. Netase cloud music rose by 12.1% to 302.40 HKD (USD 38.55) and brought the Chinese music streamer to impressive 25.5% and its improvement of the season to 164.8%. Tencent Music Entertainment (TME), China's leading music streaming company, rose by $ 21.43, rated the company with $ 36.8 billion and increased its increase of year to $ 71.9%.

Cloud Music and TME stocks benefited both from solid results in the first quarter and growing consumer interest in music subscriptions. The Chinese stocks generally received a thrust this week after the US government relieved the export bans and approved and approved the sale of Nvidia -Ki -Ki -Chips to China. In addition, Chinese data showed that China's gross domestic product rose by 5.2% in the second quarter despite continued trading voltages.

The 20-Company Billboard Global Music Index (BGMI) rose by 3.0% to 2,982.90, broke a two-week defeat and improved its annual gain to 40.4%. The BGMI doubled the increase in the Nasdaq Composite Index by 1.7% and was well before the 0.6% profit from S&P 500. In Great Britain, the FTSE 100 rose by 0.6%. The South Korean Kospi Composite Index rose by 0.4%.

The Warner Music Group (WMG) continued its winning streak, rose by 4.9% to $ 31.22 and increased on Tuesday (July 15) by Rothschild & Co Redburn's upgrade from WMG to “Neutral” from “Sell”. After the middle of the year had dropped by 12.1%, the WMG shares have increased by 14.6% since the company's announcement on July 1, that it will save $ 300 million before layoffs and other cost reduction measures. The company will announce the profits on August 7th.

Most live music stocks were in a positive area. Sphere Entertainment Co. rose by 7.6% to $ 46.15, the highest closing price of the share since February 21 and more than $ 22 higher than the low point after President Trump had announced mutual tariffs for US trading partners on April 3. Live Nation rose by 4.6% to $ 150.52 and brought the stock to around 5% of the highlight of $ 157.75. MSG entertainment rose by 2.0% to $ 40.25. CTS Eventim fell by 1.3% to 103.90 euros ($ 120.82), but the 27.3% profit of the German concert promoter was the best of the peer group.

The shares of the music streamer Anghami based in Abu Dhabi rose by 2.1% to $ 0.49 after the company announced on Wednesday to hold an extraordinary meeting of its shareholders in order to coordinate the reverse share splitting that will enable the stock to be listed at the NASDAQ Capital Market Exchange. The company has a minimum bid price of at least $ 1.00 per share for at least 10 consecutive business days by August 18.

The Siriusxm shares fell by $ 2.7% to $ 23.56 after announcing an affordable satellite radio ends that are supported by advertising satellite radio ends, Siriusxm, which will cost less than 7 per month. Morgan Stanley increased his price for Siriusxm (July 16) of $ 21 on Wednesday (July 16) and contributed his underweight rating.

With Hybe in the news about a federal investigation to become the chairman Bang Si-HyukThe K-POP-Giant share fell by 1.1% to 268,000 KRW ($ 192.98) and marked the third weekly decline in a row. At least one analyst was optimistic this week: On Thursday (July 17), Nomura increased the price target for Hybe shares from 270,000 KRW ($ 194.42) to 370,000 KRW ($ 266.42) and retained his business rating. Hybe will announce its results in the second quarter on August 6th.

The Spotify shares went by 2.0% to $ 695.18, the fourth weekly decline in a row, after he had closed USD 772.60 on June 27. After Spotify dropped by 9.4% in July with a win of 71.4%. The company will report profits on July 29.