News Snapshot:
Shares in global luxury goods groups, which rely heavily on Chinese shoppers, rose on Tuesday after Beijing further relaxed some COVID restrictions that had been in place for the past three years, fuelling hopes of a full-blown reopening soon. China will stop requiring inbound travellers to go into quarantine starting from Jan. 8, the National Health Commission said on Monday in a major step toward easing curbs on its borders, which have been largely shut since 2020. News of the loosening lifted stock markets worldwide, with luxury shares in particular benefiting. Shares in LVMH, the world’s biggest luxury group and...
