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Pandora Says China Cut to Have No `Significant' Impact on Margin

  • Analysts say Pandora’s China move is step in right direction
  • After slumping more than 7%, Pandora shares bounce back
Inside A Pandora A/S Jewelry Store As Stock Revives

Photographer: Freya Ingrid Morales/Bloomberg

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Shares in the world’s biggest jewelry maker, Pandora A/S, bounced back from their worst slump in eight weeks after the company said price cuts in China will have no major impact on operating margins and only a limited effect on revenue.

After initially plunging 7.3 percent in Copenhagen trading, Pandora shares were down less than 2 percent by around 11:30 a.m. local time.