Shares of Hybe tanked 16.09% on Tuesday, marking its worst day since June 2022. It then extended losses to tumble as much as 16.31% on Wednesday to its lowest since September 2024. This was mainly powered by BTS' Arirang tour, which started on April 9 in South Korea. NewJeans had been one of Hybe's most successful rookie groups until it was involved in a long running contract dispute with Hybe starting from 2024. Chung Sung-jun | Getty Images Entertainment | Getty Images