Luxury stocks have gotten a huge boost from China's stimulus this week

By Yahoo! Finance | Sep 28, 2024 at 12:08 AM EST

European luxury stocks have faced challenges due to weak Chinese demand, but rallied this week following Chinese stimulus measures. Shares of top brands like Hermes, Richemont, and LVMH surged over 15%. China's recent economic-stimulus measures have boosted hopes for increased luxury spending.

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