LVMH shares soar 14% on strong China demand: European luxury stocks adds $80 bn, investors cheer sector revival
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Luxury titan LVMH witnessed its best trading day in two decades, surging 14% on robust quarterly sales, hinting at a Chinese demand resurgence. This boosted European luxury stocks by nearly $80 billion, with rivals also seeing significant gains. While optimism is returning, some analysts urge caution, deeming it too early for a full industry recovery. What's Your Reaction?
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