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European luxury companies affected by China crisis, driving stocks down

Ever since China announced in August it is cracking down on wealth distribution, European luxury-makers have seen shares drop amid a market that is showing signs of a slowdown. If alarm bells haven’t sounded off before, Kering and LVMH saw their values fall by 3.5 percent on the stock market as China foresees growth to tumble from 7.9 percent...

19 Oct 2021