LVMH shares plunge 35.76% as China slowdown and price hikes weigh
AI Summary- LVMH is losing market value as China’s slowdown, Middle East conflict and pricing weigh on luxury demand.
- LVMH shares closed at 412.30 euros, down 35.76% from 641.80 euros at the year’s start.
- LVMH surpassed $500 billion in market value in 2023 before leaving Europe’s 10 most valuable companies.