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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Can luxury stocks rebound anytime soon?
Description: Unclear prospects for demand in China have already weighed on luxury stocks since the post COVID restrictions. And it’s promoted a reassessment of such luxury brands’ business strategies. But can luxury stocks rebound from its rout? On Money in the Market, Hongbin Jeong speaks to Tao Zhang, China Markets Editor, Bloomberg to find out how investors can navigate the luxury market.  Highlights: 1. What factors contributed to the significant increase in return rates for upscale labels on Tmall during the shopping festival? What does this tell us about China’s economy and consumer sentiment...