MEDIA & CULTURE

West -- known formally as Ye -- has made headlines in recent weeks for racist and anti-Semitic statements that have cost him several lucrative fashion collaborations.

The Casablanca-born rapper, who is a massive star in the Arabic-speaking music world, had in late September told reporters who gathered after one of his concerts, "I smoke hash -- so what?... It does not mean I set a bad example."

The extended losses came as Asian markets faced mounting headwinds from hawkish Federal Reserve rate hikes, uncertainties surrounding the once-in-five-years China's Communist Party Congress, and rising Sino-China tensions over Taiwan and tech.

Investors in HYBE Co, BTS' management group, responded to the news by driving its shares up as much as 7.8% on Tuesday.