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The China Edit | Markets Tumble, LVMH Sales, Italy Luxury Stocks

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Shanghai stock exchange | Source: Shutterstock
By
  • Kate Abnett

"Chinese Regulator Vows Share Support after Markets Tumble 8.5 Percent in a Day" (Reuters)
"China said on Monday it was prepared to buy shares to stabilise the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007."

"LVMH Sales not Tarnished by Chinese Turmoil" (The Financial Times)
"Turmoil in Greek and Chinese markets did not deter the world's wealthiest from dipping into their pocketbooks. Or, for that matter, from purchasing a new one."

"Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism(Bloomberg)
"Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month."

"Gucci, Burberry Demand Lower Hong Kong Rents as Market Wilts(Bloomberg)
"Luxury companies including Kering SA are demanding lower Hong Kong store rents to reflect the island city's waning appeal with wealthy Chinese shoppers."

"Taylor Swift 1989 Chinese clothing Line Risks Tiananmen Square Row" (The Guardian)
"Singer announces plans to launch merchandise for upcoming 1989 live tour – a date censored by Chinese authorities since 4 June massacre."

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