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    Luxury Goods Stocks Experience Decline Amidst Challenging Market Conditions

      Amid investors’ optimistic expectations that the market and macroeconomics will recover steadily, the STOXX European Luxury 10 Index, including France’s LVMH, Italy’s Ferrari and Britain’s Burberry, set a record high in early 2023. However, after encountering factors such as soaring inflation, rising interest rates, and slowing economic growth, the STOXX European Luxury 10 Index recently recorded its largest quarterly decline since 2020.   In a report on index performance in September, STOXX noted that among indexes on topics ranging from global health to electric vehicles, the luxury goods index was the worst performer. The index group of 10 European luxury goods companies has lost about $175 billion in market value since…

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