5 Min Read |
LVMH, Kering, Shiseido fall on Chinese social media reports
- Posts speculate on tightened checks at Shanghai Pudong Airport
Social media reports that China is cracking down on travelers returning home with suitcases full of luxury goods have alarmed investors in companies ranging from Japanâs Shiseido Co. to Franceâs LVMH and Kering SA.
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Updated December 2022