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Kering

Technical Summary

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Balita

Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown

By Casey Hall SHANGHAI, Sept 28 (Reuters) - China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is now scouting for shop space to expand the business. The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt-tightening shoppers.
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European shares get September off to bad start as rate hike concerns grow

* EZ factory Aug activity shrinks as consumers stay cautious * Durex maker Reckitt announces sudden CEO departure * Miners lead losses; China's Chengdu locks down 21.2 mln people * German retail sales unexpectedly rise in July By Anisha Sircar and Shreyashi Sanyal Sept 1 (Reuters) - European stocks got September off to a weak start on Thursday, falling to seven-week lows on deepening worries about economic growth, aggressive interest rate hikes and record-high inflation.
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Luxury sneakers may be a step too far for cash-strapped Gen Z

By Casey Hall and Mimosa Spencer SHANGHAI/PARIS, Aug 18 (Reuters) - From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-large
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China's Sanya holiday hotspot shuts duty-free malls, venues to curb COVID

By Casey Hall SHANGHAI, Aug 5 (Reuters) - Sanya, a top tropical holiday destination on China's southern Hainan island, began closing its duty free malls on Friday in response to a worsening COVID-19 outbreak. Since China shut its international borders in early 2020 to curb the spread of COVID-19, Hainan's duty-free industry has boomed, becoming a vital channel for global brands from Gucci to Coach, La Mer to L'Oreal OPREP.PA to reach Chinese shoppers.
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American tourists splurge in Paris boutiques as euro slides

By Mimosa Spencer and Doyinsola Oladipo PARIS, July 15 (Reuters) - American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time in two decades on fears that rising energy prices triggered by the Ukraine conflict could tip the European Union into a prolonged economic crisis.
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Kundisyon

Mga Patok na Assets

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