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Prada Plunges as H.K. Protests, Leather Goods Weigh Sales

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Prada SpA tumbled the most in more than three years in Hong Kong trading after reporting a bigger-than-expected 44 percent drop in third-quarter profit.

The luxury-goods maker dropped 7 percent, the most since October 2011, to HK$43.95 at the close in Hong Kong trading. The shares have declined 36 percent this year, compared with a 3.2 percent gain in the benchmark Hang Seng Index.