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Chinese Slowdown Threatens Global Luxury Boom: Chart of the Day

The slowdown in spending by China’s rich is threatening to end a rally in luxury companies that sent shares to all-time highs.

The CHART OF THE DAY shows three gauges affected by weaker Chinese spending: Hong Kong retail sales, Macau gambling revenue and the Liv-ex 100 Fine Wine Index. While those measures are turning lower, the S&P Global Luxury Index of 78 companies is trading within 2 percent of a record after more than doubling over the past four years.