SEOUL, Oct 16 (Reuters) - Shares in BTS Big Hit Entertainment 352820.KS, the management agency of South Korean superstar K-pop group BTS, fell more than 20% during Friday trade, extending losses from its debut the previous day.
Shares in Big Hit, which relies heavily on the boy band for revenue, had defied pre-listing hype to dip on Thursday, but analysts said the lower price should be viewed as more reasonable, based on fundamentals.
The KOSPI benchmark .KS11 was down 1.2%.
(Reporting by Joyce Lee)
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