LVMH shares down as shoppers rein in spending on handbags and champagne

Shares in LVMH slid 4.4% due to weak sales in key Asian markets, with demand down for Cognac in China and other luxury goods like fashion, watches, and leather goods.

Luxury brands like Gucci, Hermes, Burberry, and others also experienced value decline on stock markets, impacted by slowing demand for cheaper products amid economic uncertainty.

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