The Secret of Europe’s Luxury Stocks: Why They Perform Better Amidst China’s Slowing Economy
Europe’s luxury stocks, such as LVMH, Hermes, and Richemont, have been among the best performers in the region’s stock market, despite the slowdown of China’s economy, which is a key market for the sector. According to the MSCI Europe luxury index, the sector has gained about 25% in 2023, outperforming the broader MSCI Europe index, which has risen by 15% …