Consumer
LVMH Shares Tumble as Weak China, US Demand Weighs on Sales
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LVMH shares dropped after the luxury group published weaker-than-expected sales, weighed down by sluggish demand for high-end goods in China and the US and an escalating trade war.
The stock fell as much as 8.4% in Paris trading, bringing the decline over the past 12 months to 38%.