‘China’s reopening fuels demand for luxury stocks’
China’s emergence from years of lockdown is expected to unleash pent-up consumption in 2023.
Investec’s Division Director, Charles Newsome, tells IGTV’s Angeline Ong why stocks like LVMH (LVMH) and Hermes (HRMS) stand to gain, why traders should avoid car stocks, and why it is worth taking a closer look at travel equities like Booking.com (BKNG) and Carnival (CCL).
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