UBS lowered its price target due to market headwinds, citing weak demand in China affecting luxury sales.

1 report, 1 independent Updated Wed 00:00

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

UBS China

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Part of

Weakening demand from China is impacting the stock performance of luxury brands like Burberry and Hermès. All 1 developments

The entities involved

UBS
Swiss multinational investment bank and financial services company
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
- Alice Weidel outlines a vision for a Europe of nations, arguing for industrial policy to counter China's economic influence.20:07
- Tourists may opt for Phuket or Sri Lanka instead of India, as China attracts more tourists than India.19:31

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