Warner Music, Netease Cloud Music Stocks Up Amid Overall Decline

News Snapshot:

Music stocks had a mixed week as markets fell in reaction to President Trump’s escalating trade war. On the positive side, Netease Cloud Music added to its hot streak by rising 8.9% to 241.00 HKD ($30.70) in the week ended July 11. The Chinese music streamer, which was the top music stock in the first half of 2025 after gaining 114.8%, has risen another 12.0% since June 30, pushing its year-to-date gain to 136.3%. Warner Music Group (WMG) is also on a roll. In the week ended July 11, the company’s stock rose 1.3% to $29.77, cutting its year-to-date loss...