SM Entertainment has yet to respond.
SM Entertainment‘s stock suddenly fell 8%.
On June 4, it was reported that SM Entertainment stock had fallen over 8% in the trading session. According to one report, the stock fell 9.75% in the session before recovering.
News outlet Sports World reports that there are rumors going on in the financial industry, but there hasn’t been any announcements from SM Entertainment.
The rumors that news reports are referring to may be allegations regarding NCT members and prostitutes in Japan. Currently, a rumor claiming that members Johnny and Haechan had been involved with Japanese hostesses has gone viral.
NCT Members Flamed For Alleged Prostitute-Fueled Orgy With Fans
SM Entertainment has yet to comment on the rumors, despite fans’ pleading for the label to step in.
