China virus scare leaves bling giants exposed LJucca KarenKKwok
Authorities in China confirmed on Jan. 21 that a new disease, the coronavirus, could be spread through human contact.The outbreak, which began in the central city of Wuhan, comes as millions of Asians prepare to travel to celebrate the Lunar New Year holiday.
Shares in European luxury stocks were down between 2% and 4% on Jan. 21 on concerns over the spread of the virus.Shares in Gucci-owner Kering and Richemont were down around 4% at 1105 GMT on Jan. 21, while LVMH was down 2.8%.
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