U.S. stock night market volatility: Kuke Music fell 8.46% in the night market

U.S. Stock Night Market Movements

Kuke Music fell 8.46% in the night market. Based on recent important news:

1. On September 27, technical analysis indicated a bearish market sentiment for Kuke Music, with oversold conditions and negative momentum exacerbating the stock price decline. The company's valuation is unattractive, with a negative price-to-earnings ratio and no dividends, leading to a lack of investor confidence and an 8.46% drop in stock price. Data source: Technical analysis report. The music industry faces challenges, and market sentiment is cautious.

Stocks with High Trading Volume in the Industry

Spotify fell 0.89% in the night market, with a trading volume of $913,800. Based on recent key news:

1. On September 29, J.P. Morgan raised its target price for Spotify from $740 to $805 and maintained an "Overweight" rating. J.P. Morgan stated that price increases in over 100 countries, record deals, and enhancements to the free tier have driven the stock price rebound. These price increases are expected to generate approximately €380 million in annual incremental revenue.

2. On September 29, Spotify's total revenue for the second quarter increased by 15% year-on-year, operating income grew by 53%, and free cash flow rose by 43% year-on-year. Spotify achieved excellent cost leverage through the launch of new features, driving sustained growth in user engagement, revenue, and free cash flow.

3. On September 29, Argus Research initiated coverage of Spotify stock with a "Buy" rating and a target price of $845. Industry trends are favorable, and the macroeconomic environment is stable.

Netflix fell 0.12% in the night market. Based on recent important news:

1. On September 29, U.S. President Trump threatened to impose a 100% tariff on films produced overseas, leading to a decline in Netflix's stock price. This move increases the uncertainty faced by film companies, especially those reliant on international box office revenue.

2. On September 28, Netflix's expansion in international markets performed well, adding 5 million users in Asia and the EMEA region in the quarter, stabilizing user churn rates.

3. On September 27, Netflix's original content continued to drive its global revenue growth, with nearly 59% of revenue coming from outside the U.S. last year. Tariff policies increase market uncertainty.

Disney rose 0.02% in the night market. Based on recent important news:

1. On September 29, U.S. President Trump announced plans to impose a 100% tariff on imported films, increasing market uncertainty for film companies like Disney, leading to stock price volatility.

2. On September 30, Disney announced that "Zootopia 2" will be released in mainland China, and the market holds an optimistic view on its box office performance, driving the stock price up.

3. On September 30, there is strong demand for high-end services at Disney parks, and the ongoing growth of the experience economy has a positive impact on the company. Strong demand in the experience economy increases uncertainty regarding tariff policies