Luxury stocks saw a sharp decline in Europe last week, after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Gucci owner Kering plunged as much as 15%. Other luxury stocks also saw a similar decline - with LVMH down more than 3% at one point. So what’s driving the sudden decline in luxury stocks? Are luxury stocks no longer a safer investment choice to bet on China’s economic recovery? On Money in the Market, Hongbin Jeong speaks to Shirley Zhao, Consumer, Conglomerates and Gaming Reporter, Bloomberg, to take a closer look at luxury stocks. 

Luxury stocks saw a sharp decline in Europe last week, after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Gucci owner Kering plunged as much as 15%. Other luxury stocks also saw a similar decline - with LVMH down more than 3% at one point. So what’s driving the sudden decline in luxury stocks? Are luxury stocks no longer a safer investment choice to bet on China’s economic recovery? On Money in the Market, Hongbin Jeong speaks to Shirley Zhao, Consumer, Conglomerates and Gaming Reporter, Bloomberg, to take a closer look at luxury stocks.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. 

We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

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