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LVMH and Kering Upgrades Fuel Rally for Luxury Stocks

HSBC upgraded stocks of luxury industry giants LVMH and Kering SA as it anticipates Chinese spending will pick back up and hurdles in the US market will prove short-lived.
The Louis Vuitton store in New York City.
The Louis Vuitton store in New York City. (Getty Images)

European luxury stocks got a boost on Tuesday after HSBC Holdings Plc upgraded sector heavyweights

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