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French Stocks Decline As Luxury Stocks Drag
(RTTNews) - French stocks fell sharply on Wednesday after luxury goods bellwether LVMH reported lower sales growth in the third quarter in a sign that the post-pandemic luxury boom is waning.
LVMH shares slumped 7 percent while peers Hermes and Kering fell 2-3 percent.
The benchmark CAC 40 was down 52 points, or 0.7 percent, at 7,109 after climbing around 2 percent the previous day on dovish Fed talk and reports of new Chinese stimulus.
Veolia edged up slightly on news the resource management company has bagged a contract worth over 2 billion euros in Hong Kong.
Accor S.A., a hospitality company, gained about 1 percent after launching a 400 million euros share buyback program.
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Japanese Market Notably Higher
Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.
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11 minutos atrás
Indonesia Bourse Due For Consolidation On Friday
The Indonesia stock market has tracked higher in five straight sessions, improving more than 440 points or 5.8 percent along the way. The Jakarta Composite Index now sits just above the 7,930-point plateau although investors figure to lock in gains on Friday.
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26 minutos atrás
Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Friday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains across most sectors led by energy and technology stocks.
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35 minutos atrás
Hong Kong Shares Tipped To Open In The Red
The Hong Kong stock market on Thursday ended the three-day winning streak in which it had climbed more than 750 points or 3 percent. The Hang Seng Index now rests just beneath the 25,520-point plateau and it may see continued consolidation on Friday.
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41 minutos atrás
China Shares Likely Rangebound Again On Friday
The China stock market on Thursday ended the three-day winning streak in which it had gained almost 50 points or 1.4 percent. The Shanghai Composite Index now sits just beneath the 3,670-point plateau and it may take further damage on Friday.
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56 minutos atrás
Soft Start Seen For Taiwan Stock Market
The Taiwan stock market on Thursday wrote a finish to the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just beneath the 24,240-point plateau and it may spin its wheels again on Friday.
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1 h 26 min atrás
Japan GDP Climbs 0.3% In Q2
Japan's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the second quarter of 2025, the Cabinet Office said in Friday's preliminary report.
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1 h 48 min atrás
Little Movement Seen For Singapore Stock Market
The Singapore stock market headed south again on Thursday, one day after halting the three-day slide in which it had fallen almost 40 points or 0.9 percent. The Straits Times Index now sits just above the 4,255-point plateau and it's likely to remain in that neighborhood again on Friday.
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1 h 56 min atrás
