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Market View: LVMH misses expectations - What's behind the luxury slowdown?
Singapore stocks opened higher this morning, buoyed by a rally across Asia-Pacific markets. In the US, President Trump launched investigations into the pharmaceutical and semiconductor sectors, weighing the possibility of new tariffs, this follows his recent announcement to pause auto tariffs, offering a brief respite to global markets. Meanwhile, Hong Kong’s Hang Seng Tech Index bucked the trend, dropping 1% after five consecutive sessions of gains. Over in the luxury sector, LVMH reported weaker-than-expected Q1 results, hit by softer demand in the US and China, sparking concerns over…
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