European Luxury, Airline Stocks Suffer Blow Amid Chinese Outbreak - News Summed Up

European Luxury, Airline Stocks Suffer Blow Amid Chinese Outbreak


Luxury retailers, airlines and casino stocks fell Tuesday after a potentially deadly virus spread between humans in China, spurring concerns that an outbreak may crimp tourism and shopping during the crucial Lunar New Year holiday period. Christian Dior SE slipped 2.9% in Paris while Kering SA, owner of the Gucci and Yves Saint Laurent brands, dropped 2.5%. International Consolidated Airlines Group SA, the parent of British Airways, retreated almost 4% in London, leading global airline stocks lower.


Source: Wall Street Journal January 21, 2020 13:07 UTC



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